y the end of 2006, Moscow’s RUSSIAN MORTGAGE BANK is to spend R600 million to buy mortgage credits from regional banks. The bank will buy mortgage credit pools, issued by regional banks to the standards of the Home Loan Agency. The bank is currently holding talks with an operator in the Novosibirsk Region. The deal is expected to be finalized within several weeks.
Source: VEDOMOSTI, August 24, 2006
