Raiffeisenbank is improving its mortgage terms. For the «Primary market apartment purchase» financing programme, the interest rate before property ownership registration is reduced by 0.5p.p. Also, the same programme now offers mortgage lending in US dollars, and customers can confirm their income with a statement issued according to the standard bank’s form.
«Today we see a growth in construction of new residential property. We can also see a rising popular interest in buying apartments in newly built houses. The primary real estate market has a great potential for further growth, that is why we decided to make the terms of our the «Primary market apartment purchase» financing programme more attractive,» says Andrey Stepanenko, member of the management board of Raiffeisenbank in charge of retail private individuals directorate.
Raiffeisenbank entered the mortgage market in 2003. ZAO Raiffeisenbank offers a wide choice of mortgage programmes, providing finance for purchase of a new flat before its construction, for purchase of a secondary-market property, and home equity loans.
For details on all mortgage programmes of ZAO Raiffeisenbank go to the official web-page.
ZAO Raiffeisenbank is a subsidiary of Raiffeisen Bank International AG. Raiffeisenbank ranks 9th among the Russian banks in terms of assets, based on 2010 results (Interfax-CEA). According to the same Interfax-CEA data, ZAO Raiffeisenbank ranked 6th in terms of private deposits and 8th with regard to consumer lending.
Raiffeisen Bank International AG regards both Austria, where it is a leading corporate and investment bank, and Central and Eastern Europe (CEE) as its home market. In CEE, RBI operates an extensive network of subsidiary banks, leasing companies and a range of other specialised financial service providers in 17 markets. Around 60,000 employees service about 14 million customers through around 3,000 business outlets, the great majority of which are located in CEE. RBI is the only Austrian bank with a presence in both the world’s financial centres and in Asia, the group’s further geographical area of focus. Raiffeisen Bank International is a fully-consolidated subsidiary of Raiffeisen Zentralbank Oesterreich AG (RZB). RZB indirectly owns around 78.5 per cent of the common stock, which is listed on the Vienna Stock Exchange; the remainder is in free float. RZB is the central institution of the Austrian Raiffeisen Banking Group, the country’s largest banking group, and serves as the group head office of the entire RZB Group, including RBI.