In H1 2014, 375,800 apartments with the total fl oorspace of 29.4m sq. m. were built which value amounted to 130.2% on the respective period of the previous year. In Q2 2014, the average actual cost of building of 1sq m of housing increased by 13.55% as compared to Q2 2013 and amounted to Rb...

Banks’ assets contracted in August due to the shrinking of basically all key types of bank assets. It is only retail accounts and deposits that showed minor positive dynamics, although the downtrend in growth rates was still in place. This also pushed down the growth in the credit portfolio....

Within fi ve months of 2014, as compared to the respective period of the previous year growth in the volume of mortgage housing lending amounted to 35.96% and 44.15% as regards the number of loans and their monetary value, respectively (the respective data of 2013 against 2012: 12.46% and...

In January–April 2014, 231,100 apartments with fl oorspace of 17.9m sq. meters which amounts to 127% on the respective period of 2013. In Q1 2014, the average actual cost of building of 1 sq. meter of residential housing rose by 12.52% as compared to Q1 2013 and amounted to Rb 39,290. The...

The Central Bank’s new management have revoked the banking license of 7% of banks which were operating last year. Additionally, the following trends in the development of the banking sector developed most visibly during the elapsed 12 months: retail market segments – retail loans and retail...

Mortgage loans kept growing in Q2 2014. A total of Rb 434,8bn mortgage residential loans (MRLs) were extended in the period between April and June of the current year, up by 37.87% compared to the lending volume in Q2 2013, and a total of Rb 769,5 of MRLs were extended in the fi rst half of the...

In July, revocations of banking licenses continued. Asset growth was signifi cantly slowed down as a result of shrinkage of their principal sources – corporate funds and foreign liabilities, as well as a very slow movement of individual deposits. Growth of interest rates has so far produced...

In 2014, the volume of housing mortgage lending (HML) in the Russian Federation continued to grow despite the development of crisis phenomena in the Russian economy. The volume of housing mortgage credits (HMC) allotted in 2014 (Rb 1.762 trillion) was 30.18% above the same index for 2013, while...

In early 2015, Russia’s banking sector was operating under an increasing impact from several negative trends that had first become prominent towards the end of 2014. January 2015 became the second-in-a-row loss making month for banks, the second-in-a-row month of declining debt against retail...

In January–February 2015, 155,900 apartments were commissioned and their total fl oorspace of 12.3m sq. meters exceeded by 40.6% the result of January–February 2014. According to the data of the Rosreestr, in 2014 the volume of registered titles to land plots (6735253 registration...