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Mortgage market growth rate remains high in July — Bank of Russia

The mortgage portfolio volumes reached $170.7 bln, the regulator stated

MOSCOW, August 21. /TASS/. The growth rate of the mortgage portfolio of Russian banks remained high in July, according to preliminary data, and totaled 2.5%, the Central Bank said.

"According to preliminary data, mortgage growth rates in July remained at the high level of June, 2.5%," the Bank of Russia said. The mortgage portfolio volumes reached 15.9 trillion rubles ($170.7 bln). The primary market made the main contribution to growth.

The share of nonperforming loans remains historically high and stands at 0.6%.

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Central Bank of Russia

Anti-Russian sanctions

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