Russian borrowers have increased the demand for housing loans

AK&M 16 August 2022 12:28

Russian borrowers have increased demand for housing loans after conditions improved at the end of July 202. Over the past two weeks, VTB has received over 46 thousand mortgage applications, which is more than 40% higher than the result of the previous two weeks. The growth of customer activity is recorded both within the bank's own programs and with state support. This is stated in the bank's message.

VTB is one of the leaders of the Russian mortgage lending market. According to the results of 7 months of the year, the bank issued more than 112 thousand. mortgage loans worth 510 billion rubles. Every second transaction was held on preferential terms.

VTB Group is a Russian financial group comprising more than 20 credit and financial companies operating in all major segments of the financial market. In the CIS countries, the group is represented in Armenia, Ukraine, Belarus, Kazakhstan, and Azerbaijan. VTB banks in Austria, Germany and France operate under a European sub-holding headed by VTB Bank (Austria). In addition, the group has subsidiaries and associated banks in the UK, Cyprus, Serbia, Georgia and Angola, as well as one branch of VTB Bank in China and India, two branches of VTB Capital Plc in Singapore and Dubai.