The growth of the mortgage portfolio of Russian banks in 2021 exceeded 30%

AK&M 28 January 2022 15:43

The volume of the mortgage portfolio of Russian banks in 2021, adjusted for securitization, increased by 30%. This is evidenced by the data of the Bank of Russia.

In December, banks increased their mortgage portfolio, taking into account securitization, by 3.2% (+2.7% excluding securitization). This is a record monthly growth rate in 2021, the regulator notes.

Most likely, Russians are trying to get a mortgage before it rises in price - despite the increase in the key rate, the average mortgage rate in the primary market even decreased slightly due to the state support programs, the Central Bank believes.

The future of mortgages and the real estate market will be discussed at the twentieth anniversary All-Russian conference "Mortgage Lending in Russia". It will take place on March 29, 2022 in Moscow. Project website  

The conference will be attended by representatives of relevant government organizations, major Russian banks, mortgage agencies, development and construction companies, IT developers, insurance and appraisal companies.  

Three thematic discussions will be held at the conference:

*Challenges of 2022

*Digitalization of the mortgage lending system

*Green agenda in the real estate market

Registration is open.