VTB has reduced the mortgage rate by 0.3 p.p. to 5.8% p.a. under the government subsidy program, the bank informed.
Refinancing of mortgage loans taken out from third-party banks is available at a rate of 7.8%, the rate is reduced by 0.4 p.p.
In the first quarter of 2021, VTB increased mortgage lending to RUB 215 billion, with RUB 93 billion provided in March, which is almost 25% more than in February.
VTB Group is a Russian financial group comprising more than 20 credit and financial companies operating in all the key segments of the financial market. In the CIS, the group is active in Armenia, Ukraine, Belarus, Kazakhstan, Azerbaijan. VTB's banks in Austria, Germany and France are operating as parts of the European sub-holding led by VTB Bank (Austria). Besides, the group has subsidiary and affiliate banks in the UK, Cyprus, Serbia, Georgia and Angola, as well as one VTB branch in China and India, two VTB Capital Plc branches in Singapore and Dubai.
