MOSCOW, June 21 /PRRussia/ — Rosevrobank will raise mortgage lending to $100 million by year’s end and issue mortgage-backed securities early next year, under the strategic development program for 2007. The bank rolled out its «private-label» mortgage loan program, titled «Rosevrobank. National Project. Mortgage Loans», in February 2006. The bank offers all types of mortgage products on the following terms: from 10% annual interest in forex, from 11% annual interest in roubles for a term of under 30 years. Mortgage lending volume in the first four months was in excess of $20 million.
Source: Rosevrobank press service
