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17.11.2005
Rosbank Launches Mortgage Programs inRussias Regions

Rosbank starts topromote its mortgage programs inRussia’s regions incompliance with its retail business development strategy. Inthe current month Rosbank will start toallocate credits onproperty inSaint Petersburg, Krasnodar, Ekaterinburg and Voronezh. InDecember the program will include 8more cities: Volgograd, Krasnoyarsk, Norilsk, Nizhniy Noivgorod, Perm, Rostov-na-Donu, Samara and Cheboksary.

As ofNovember 1, 2005the Rosbank mortgage portfolio inMoscow reached $12 mln. and itis expected that this figure will grow upto $20 mln. bythe end ofthe current year. In2006the bank plans toincrease its mortgage portfolio upto $150 mln. inRussia.