Based on 2006 results, the Moscow Bank for Reconstruction and Development has become the second among Russia’s top mortgage banks in terms of mortgage lending dynamics, the bank’s press service said. The relevant rating was compiled by the RBC rating agency as of January 1, 2007. MBRD raised mortgage lending 72-fold from $1.4 million to $105.3m. Last year, MBRD issued 2,000 mortgage credits, worth $105.3m. As of January 1, 2007, the mortgage credit portfolio has stood at $91.3m. The bank’s robust performance at the mortgage credit market in 2006 enabled it to place 22nd among Russia’s major mortgage banks.
Source: NOVECON, March 5, 2007
