Mortgage in the Russian Federation in December 2014

Despite worsening of the financial and economic situation, within 11 months of 2014 the volume of mortgage housing loans (MHL) (Rb 1530.3bn) exceeded by 22.2% and 30.2% in quantitative terms and monetary terms, respectively, the volume of MHL extended within the respective period of 2013. As of December 1, 2014, the share of overdue debt in the outstanding debt on MHL fell to 0.8% and increased to 14.5% as regards loans in rubles and loans in foreign currency, respectively. However, in November 2014 the weighted average rate on MHL in rubles extended within a month amounted to 12.6% against 11.9% in November 2013