Sberbank's portfolio of mortgage loans exceeded Rub 2.5 tln as of April 1, 2017, i.e. up 10% y-o-y, the lending institution said in a press release.
The bank specified that 2.5 mln Russian families are Sberbank's mortgage customers.
"The Rub 2.5 tln portfolio is a record indicator in Russian mortgage lending history ever. Sberbank constantly provides advanced mortgage solutions, launching new programs, improving product terms and providing a variety of real estate purchase services. Our mission is to establish a transparent, predictable, safe and high-tech real estate market in Russia," noted Nikolay Vasev, head of the mortgage partners department at Sberbank. "That said, Sberbank's mortgage portfolio quality is high, which is underscored by the strong discipline of mortgage borrowers and the conservative risk policy pursued by Sberbank".
Sberbank also said that the bank had already granted Rub 2.7 bln in loans on the basis of applications submitted via online service DomClick (it helps people on an online basis to submit mortgage loan applications, pick residential facilities and have them approved at the bank).
