Regional banks offer 2.276 billion RUR worth of mortgages in January-March 2007, SKB-Bank says
The Bank of Russia evaluated the data available on the volume of mortgage loans provided by the banks in different parts of the country in the first quarter of the year. According to these data, Russian banks have provided their customers with 61,940,034,000 RUR worth of mortgage loans by April 1, 2007. SKB-Bank’s Mortgage Lending Director Anna Samuilova says this success has been brought about by a long-term history of processing mortgages and clear and smooth loan-issuing procedures. As regards Sverdlovsk Region, for instance, the first mortgage was offered by a local bank as far back as