At the end of 2006, the number of outstanding "KIT Finance" of mortgage loans amounted to 5840 pieces. And for the previous year, the bank had granted loans of 5770. This allows "KIT Finance" to take a high place in the top 10 leading mortgage banks of Russia.
As the press service of the bank throughout the year, the dynamics of loan "KIT Finance" constantly improving. At the same time in the 2 nd half, despite the overheated real estate market, their number has grown by over 220%. At year end, "KIT Finance" was released in more than 200 loans a week. Through this real estate portfolio of the bank by the end of the year reached 10.8 billion rubles.
"Already, we appreciate the results of the bank on the mortgage market, but expect at least doubling the business in the new year, - said General Director of CIT Finance Investment Bank, Alexander Vinokurov. - Development of this direction is determined by the specificity of action" KIT Finance "as the investment bank and our desire to diversify. Business in the area of mortgage lending allows the bank to obtain a stable source of income through direct banking operations. We are also extending the line of investment banking services from the market in mortgage securities and more effectively use our retail network, offering mortgage loans as one of the main products for private clients. "
The bank assured that the increase of the issuance was made possible through the promotion and building a network of sales of mortgages across Russia. Now the share of regions account for about 70% of the mortgage portfolio of the bank. Among the cities, are most active include Novosibirsk, Rostov-on-Don, Krasnodar, Yekaterinburg, Chelyabinsk.
In 2007, "KIT Finance is planning to significantly expand its regional network and start providing more loans in 20 cities of Russia.
Source: AllCredits.spb.ru
