METCOMBANK raises mortgages 1,000 times in two years

14 February 2008 (09:15)

METCOMBANK offered its customers 763.5 million RUR worth of mortgage loans in 2007, which is 1,000 times more than two years earlier, the bank’s press officer reports.

‘Mortgages are a complicated and still unusual way of lending. Nevertheless, METCOMBANK is trying hard to make them both affordable and attractive. For one, we decreased the interest rates on mortgage loans last year. Besides, we started offering mortgages on country cottages and dwellings still under construction rather than just existing homes within the urban network. Moreover, we also moved from individual deals to offering loans to the owners of whole apartment blocks. As a result, METCOMBANK is one of the mortgage lending leaders on the markets of Sverdlovsk and Irkutsk Regions,’ the press officer says.

The bank’s mortgage loans are currently available to dwellers of Yekaterinburg, Kamensk-Uralskiy, Krasnoturinsk, Severouralsk, Kushva, Shelekhov (Irkutsk Region), Volgograd, and Moscow.

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