Mortgage in the Russian Federation in December 2015
Russian Economic Developments. Moscow, 2016, No 3, pp. 81-83
3 Pages Posted: 1 Apr 2016
Date Written: April 1, 2016
In 2015, 691,943 housing mortgage loans (HML) were originated totaling to Rb 1.15 trillion, which demonstrate a reduction against 2014 in quantitative terms by 31.68% and in value terms – by 34.96%. The HML portfolio quality deteriorate. In 2015 against 2014, outstanding debt denominated in rubles as a share of residual debt went up by 0.19 p.p. to 1.04% and in foreign currency – by 7.81 p.p. to 20.37%. In 2015, weighted average ruble rate on HML for the year against 2014 moved up by 0.88 p.p. to 13.33%, and weighted average rate in foreign currency moved up by 0.57 p.p. to 9.82%.
Keywords: Russian economy, housing mortgage, bank lending
JEL Classification: G21, K11, L74, L85, R14, R21 , R31, R52
Suggested Citation: Suggested Citation