OREANDA-NEWS. March 17, 2010. BTA Bank launched mortgage lending in Saint Petersburg, Novosibirsk and Volgogradsky branches. It should be reminded that in December, 2009 mortgage lending was resumed in the City of Ufa, reported the press-centre of BTA Bank.

- The successful launch of mortgage lending in the Ufimsky branch facilitated expansion of mortgage lending to other regions, - says Denis Remizov, Head of Retail Business. – We have conducted estimation of potential of those regions we are present in and selected three more branches, which show good figures in respect to business development. I believe that with the course of time other branches of the Bank is going to get involved into mortgage lending.

In Saint Petersburg, Novosibirsk, Volgograd and Ufa the Bank offers three products: ruble mortgage with a fixed rate for the first five years, ruble mortgage with a fixed rate and dollar mortgage with a fixed rate. Depending on the type of the loan the borrower can get funds from 300 thousand till 9 million rubles for the tenor of from 7 till 25 years or from 12 thousand till 25 thousand US dollars for the tenor of from 10 till 25 years.