Government commission allowed Russian banks to issue mortgage loans to foreigners in rubles

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The government commission allowed Russian banks to issue mortgages to citizens of “unfriendly” foreign states. Web site Ministry of Finance of the Russian Federation.

The document states that it was decided to allow Russian credit institutions to issue loans in rubles to persons who are “foreign persons affiliated with foreign states”.

Earlier, the share of borrowers with two or more loans in Russia was reported for the first time. exceeded 50% at the end of last year. The reason for this is the increase in the number of bank customers with five loans.

By the end of December 2022, the proportion of borrowers on a single loan had dropped to 49.7%, according to the bureau. In 2021, the indicator was at 52.3% and in 2020 at 55%. At the same time, the share of Russians holding two loans fell from 24.3% to 24.3% in 2021.

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