VTB has provided more than 1 billion rubles for the purchase of real estate in Crimea in six months. The vast majority of borrowers conducted mortgage transactions remotely. This is stated in the message of the bank.
VTB began issuing mortgages on real estate in Crimea in May 2024. The bank's entire range of mortgage products is available to customers, including for residential housing, purchase of land, parking spaces and commercial real estate. Transactions can be conducted at any VTB branch on the mainland, at RNKB offices, or completely remotely.
Following the results of the six months of work, 75% of loans were issued for the purchase of an apartment, 14% for a private house, and 10% for apartments. The vast majority of borrowers benefited from government support (76%), and approximately one in four applied for loans on market terms. Under preferential programs, the average mortgage for the purchase of housing in Crimea amounted to 5.3 million rubles. According to VTB's basic products, in 2024, customers on average borrowed about 6 million rubles.
According to the Government of the Republic of Crimea, 1.23 million square meters were commissioned in 2024.
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 led 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.
