OREANDA-NEWS. February 07, 2014. Sviaz-Bank has made a loan of 1.2 billion rubles in the form of a nonrevolving credit line to the First Mortgage Company-Region, CJSC (FMC-Region CJSC) for a drawdown period of 36 months.

FMC-Region CJSC is a member of the FMC Group of Companies and one of Russia’s biggest investment development companies.

Sviaz-Bank and the FMC GC are cooperating closely in new housing sale. The Bank has accredited several FMC GC projects under construction, where apartments may be purchased with mortgage loans taken out on easy terms under Sviaz-Bank’s New Home program.

“The FMC Group of Companies fulfills an important task – building affordable housing and giving Russians an opportunity to purchase improved layout apartments in modern high-quality houses. Sviaz-Bank is a longstanding partner of the Group. We are glad that our cooperation helps people resolve their housing problems,” said Sergey Volokhov, Vice Chairman of Sviaz-Bank’s Management Board.