The Central Bank announced a significant acceleration of the monthly growth of the mortgage portfolio
The Central Federal District Headquarters of the Bank of Russia announced that mortgage loan issuance increased by 41% to 224 billion rubles in June, Life.ru reports.
A representative of the Central Bank noted that the demand for family mortgages has increased most noticeably. In June, issuances under this state support program increased by 80% to 139 billion rubles, which is the highest figure for the entire period of the program.
«Probably, borrowers were afraid of tightening its conditions,» the Central Bank of the Russian Federation explained.
In addition, in anticipation of the end of the preferential mortgage program, issuances in this segment also increased as expected. Growth in June was 59%.