OREANDA-NEWS. The share of ruble-denominated housing mortgage loans (HMLs) continues to grow in Russia along with an increase in ruble-denominated mortgage debt, while foreign currency-denominated debt goes down gradually, show the data from the Bank of Russia Statistics Department based on credit institutions' statements.

The analytical material 'On Housing Mortgage Lending Market in 2015' published in Bank of Russia Bulletin No. 41, dated 27 April 2016, also underscores that the number of HML issuing banks continues to decline following, among other things, a general decrease in the number of operating credit institutions. The material provides data on the number of credit institutions involved in mortgage loan issuance, the value of loans and the structure of HML debt by Russian region.

The total mortgage debt shows an increase in the share of overdue debts. The materials also underscore that the interest rate on ruble-denominated housing mortgage loans issued over the month was volatile and the weighted average terms of HML issuance in rubles and foreign currency shrank. Meanwhile, the year 2015 saw a decline in loan repayments before maturity, as well as in the number of credit institutions, which refinanced HMLs.

All data are given in comparison with similar indicators for 2014.