UBRD Offers New Mortgages

5 September 2017 (13:12)

UrBC, Yekaterinburg, September 5, 2017. The Ural Bank for Reconstruction & Development (UBRD) keeps expanding on the national mortgage market, the bank’s press service reports.

Starting September 4, mortgage loans will be issued in the bank’s outlets in Novosibirsk, Tyumen, Kazan and Kirov in addition to the existing mortgage centers in Yekaterinburg, Nzihniy Tagil, Ufa, Perm, and Chelyabinsk.

‘We keep looking for new growth points, so our decisions as to a particular product’s development depend on both the mortgage market potential and the current demand for real estate as well as on the size of our customer base in a particular part of the country. This is especially true of customers who open salary accounts with us: they get the best mortgage terms,’ says UBRD Promising Projects Director Anastasia Peregrimova.

Based on the bank’s research findings, Novosibirsk, Tyumen, and Kazan are among Russia’s top ten cities in terms of how many mortgage loans got issued there in the first half of 2017; Kirov, on its part, doesn’t have so much issued in monetary terms, but locals keep applying for mortgages, and the demand for housing is unfailingly stable.

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