Housing loans in Russia up
The amount of personal housing loans, including mortgage loans, in roubles and foreign currency provided in Russia in January-October 2011 grew 6.3%, to RUR1.377tn ($44.6bn, or (Euro)33.2bn) from RUR1.295tn at the beginning of the year, the Central Bank reported.
Bad debt on such loans increased 6.6%, to RUR44.4bn from RUR41.6bn.
The sum of foreign currency housing loans fell 11.3% to RUR159.8bn, while the sum of rouble loans grew 28.2%, to RUR1.217tn from RUR949.2bn.
In October, housing loans grew 3%.
The share of non-performing loans totaled 3.2% on November 1, the same as at the beginning of the year.