Police refrains from calling Newcastle incident a terrorist attackWorld June 25, 13:14
Putin offers condolences to Pakistan’s president over fire victimsRussian Politics & Diplomacy June 25, 12:39
Fire of fuel tank kills 123 people in Pakistan - TVWorld June 25, 7:58
Muslims worldwide celebrate Eid al-FitrSociety & Culture June 25, 5:18
Mexico knocks out Russia from FIFA Confederations Cup with 2-1 win in KazanSport June 24, 19:59
Putin visits Crimean youth camp ArtekSociety & Culture June 24, 19:42
Conflict around Qatar should be settled by diplomatic means - source at Foreign MinistryRussian Politics & Diplomacy June 24, 16:44
More than 237,000 fans attend Confederations Cup matches already - Deputy PM MutkoSport June 24, 15:03
Sistema's president hopes for dialogue with Rosneft on settlement agreementBusiness & Economy June 24, 14:56
MOSCOW, June 9. /TASS/. Mortgage lending rates in Russia are now close to all-time low values, Chairperson of the Bank of Russia Elvira Nabiullina said on Friday.
"Rates of banking loans are declining right after inflation and actually returned to the pre-crisis level, and even lower for the mortgage. Mortgage rates are currently close to all-time low," the banker said.
Banks now have all the opportunities to boost lending, Nabiullina said.
"Profit continues growing; loans for the economy grew in April by 1.3%. Lending of agriculture, mining industry, transport and communications is growing at the quicker rate. It is highly important that lending for small business, which was declining throughout the last year and was the point of concern for us, started recovering," she added.
The largest Russian banks earlier announced reduction of mortgage lending rates. The VTB Group slashed mortgage rates to 10% from June 7.