Under a mortgage cooperation agreement between VTB 24 and the INCOM NEDVIZHIMOST corporation, mortgages will be on offer on special terms, the bank’s press service said. Thus, INCOM NEDVIZHIMOST clients will be able to raise a mortgage on flats at a rate far better than the standard bank credit rates. The join credit program also provides for a lower commission for lending services and a half as long moratorium on early mortgage repayment for the corporation clients. The unrelenting efforts by VTB 24 to make mortgages increasingly more accessible enabled the bank to bring its mortgage portfolio to $1.0 billion by mid-February 2007.
Source: WWW.NOVECON.RU, March 13, 2007
