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BANKS
- Russia
Banks in Russia increased mortgage issuance by 7% in September-TASS.RU

(Read the full article on TASS.RU)

Russian banks increased the volume of mortgage lending by 7%, to 204.9 billion rubles. in September compared to the previous month. In terms of the number of loans issued, there is also an increase of 3%, to 57.4 thousand loans, the Equifax credit bureau told TASS.

“The growth in the volume of mortgage lending in September compared to August this year is associated with two main factors. Firstly, after the change in the program of state support for mortgage lending, there was a change in demand for mortgage loans between regions. was noticeable in the previous months, but in others, on the contrary, it grew significantly, which provided half of the growth in September, “- says the head of the bureau Oleg Lagutkin.

Also, according to him, the growth was provided by inflation, expressed in the growth of real estate prices in a number of regions, which led to an increase in the average check on mortgages. This also contributed to the growth in the volume of loans issued.

Oct 22, 2021

DATA SNAPSHOT

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