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Russia’s Sberbank posts record growth of mortgage credits in 2013

MOSCOW, January 30. /ITAR-TASS/. Russian public savings bank Sberbank has posted a record growth rate of mortgage credits in 2013, the Sberbank press service reported on Thursday.

In 2013 Sberbank has allocated 453,700 mortgage credits worth 652 billion rubles ($18.8 billion), thus setting a new record for the bank. Sberbank has reported growth at 43% in amount of mortgage credits and 27% in their number by 2012. Mortgage credit portfolio went up 39% in 2013 up to 1.4 trillion rubles ($40.5 billion).