Russian Mortgage Lending Doubled in First 6 Months, Agency Says

Russian mortgage loans doubled in the first half from last year as lending conditions eased and low interest rates spurred demand, rating agency Expert RA said.

OAO Sberbank, VTB-24, the retail-lending arm of VTB Group, and OAO Gazprombank led home loan issuance in the period, Expert RA said in an e-mailed report today. The top ten banks accounted for 74 percent of mortage lending from January to June, compared with a 68 percent share during the same period last year, the agency said.

To contact the editor responsible for this story: Paul Abelsky at

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.