OREANDA-NEWS. Sberbank's mortgage loan portfolio amounted to 2.155 trillion rubles as of 1 November, 2015, increasing by 11% since the beginning of the year. This year Sberbank provided 340, 500 residential loans amounting to 521 billion rubles.

Since March 2015, mortgages amounting to 161 billion rubles were provided within the program 'Mortgage with State Support'. The minimum rate is 11.4% per annum. Within the program 'The Purchase of Ready-to-live Accommodation' during the period from January to October 2015, Sberbank provided loans amounting to 287 billion rubles. The minimum rate within Young Family special offer is 12.5% per annum.

"We see a gradual recovery in demand for mortgage loans due to the implementation of the program of concessional lending with subsidy assistance, as well as to special offers encouraging people to buy secondary housing", Natalia Alymova, Director of Sberbank's Non-Transaction Retail Product Department, said.