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Yakutsk

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VTB has increased the number and volume of mortgage loans in the Far East

VTB has increased the number and volume of mortgage loans in the Far East
Photo: pixabay.com

At the end of 2020, VTB increased mortgage issuance in the Far East by one and a half times. The number of loans issued increased by 2019% compared to 40, and their volume - by 55%.

In total, according to the press service of VTB in the Far East, 14 and a half thousand people from the Far East took advantage of the bank's offer. Most of the deals were concluded in the Primorsky Territory and in the Republic of Sakha (Yakutia), as well as in the Khabarovsk Territory. The average size of a mortgage increased by 11% and amounted to 3,1 million rubles.

State-supported loans and rate cuts helped make VTB a record year last year. Anatoly Pechatnikov, Deputy President and Chairman of the Management Board of VTB, noted that for the first time in its history, VTB issued almost a trillion rubles in mortgages. This result became part of an all-Russian trend - the mortgage lending market in the country totaled 4,2 trillion rubles.

VTB's clients have issued more than 63 thousand loans for about 200 billion rubles under the concessional lending program alone. Another 114 thousand clients took advantage of the bank's refinancing offer and took out a mortgage in the amount of 255 billion rubles.

The bank's experts are confident that the high demand for mortgage loans will continue in 2021, and due to the low rate and taking into account the possibility of extending preferential programs, the already set record may be exceeded.

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