Rus News Journal

The bank finances habitation building

Mosbusinessbank creates the mortgage lending Center

Yesterday the president of Mosbusinessbank Victor Bukato has approved the project of creation of the Center
on mortgage lending (see from December, 11th). In the centre it is supposed
to realise the program of delivery of mortgage loans which the bank develops
together with Agency of the international development of the USA.

Officially the question on centre creation is planned to solve in two weeks. On
the preliminary information, the centre should incur concept working out
mortgage lending in Russia and in case of good luck should become
the independent bank specialising on delivery of mortgage loans.
It is supposed what already begin delivery of such credits bank can by 1994.
One of the most essential obstacles who can prevent authors
programs, according to experts of bank, absence of the law about
to a mortgage is. More in detail about centre creation will tell on February, 2nd.

ALEXEY - nenashev