Household mortgage lending is an efficient instrument to help the government address a major social and economic challenge it presently faces, that is, to provide a wide range of housing facilities to the country’s population. Against this background, Vneshtorgbank has identified the development of a national mortgage lending system as a strategic priority.
In October 2003, the bank launched a Housing Mortgage Programme, and as an initial step opened a specialised Moscow Mortgage and Consumer Lending Centre.Currently, the Mortgage and Consumer Lending Centre is the first branch of the bank to offer its customers comprehensive consumer lending services, ranging from mortgage applications to entering into transactions and handling of loans.
