PRIME-TASS. GPB-Mortgage is to acquire from KIT Finance mortgage loans for a total of Rub 39 bln, the Federal Anti-Trust Service (FAS) said in a press release.
Specifically, FAS gave consent to a request made by specialized mortgage company GPB-Mortgage to purchase KIT Finance Investment Bank’s assets worth Rub 39 bln, which accounted for 18.1% of the book value of the bank’s assets as of February 1, 2009.
The main area of business for specialized mortgage company GPB-Mortgage, a Gazprombank subsidiary, is to buy claims under mortgage-backed credits (loans). As reported earlier, at the beginning of the year Gazprombank intended to buy KIT Finance’s mortgage portfolio for around Rub 50 bln in order to provide the latter with funds to pay back the credit facility it granted in September 2008.
