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Tuesday, December 6, 2022
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Tag: Bank Lending

Sanctions Context

The government launches a preferential credit line for small and medium-sized businesses

Russia's Prime Minister Mikhail Mishustin signed a decree on soft loans for small and medium-sized businesses at bank rates of 4.5% and 3%. The...
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Sanctions Context

Preferential mortgage interest rate reduced

The government has reduced the interest rate under the preferential mortgage program from 9% to 7%. The size of the subsidized loan is 12...
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Sanctions Context

Launching of preferential mortgage program for the construction of private residential buildings on one’s own

The government launched a preferential mortgage program for the construction of private residential buildings on one's own. The corresponding decree was signed by the...
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Sanctions Context

Housing mortgages without a down payment launched by Sberbank

For the first time, Sberbank launched a mortgage without a down payment. Under the new housing loan program, the bank's clients will be able...
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Sanctions Context

Russia’s key rate cut to 11 percent

The Bank of Russia reduced the key rate to 11 percent from the previous 14%. According to Elvira Nabiullina, head of the Bank of...
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Sanctions Context

Extension of the preferential mortgage program for 2023 is not yet on the agenda

The Ministry of Finance is not yet discussing the extension of the preferential mortgage program for 2023, deputy minister Alexei Moiseev said. The preferential...
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Sanctions Context

Preferential mortgage program to be extended, while the rate is cut down to 9 percent

Prime Minister Mikhail Mishustin instructed the ministries to prepare documents to extend the preferential mortgage program until the end of the year (the current...
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Sanctions Context

Mechanism of the industrial mortgage for small and medium-sized businesses to be worked out

The government will consider the initiative on industrial mortgage, the Ministry of Trade and Trade reported. The idea was expressed during a meeting of...
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Sanctions Context

Sberbank lowered mortgage rates

After the reduction of the key interest rate of the Russian Central Bank, Sberbank lowered mortgage rates for new buildings and secondary housing by...
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