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VTB Group ready to reduce state-subsidised mortgage interest rates to 12%

17 March 2015


VTB Group is ready to start issuing mortgages with new state-subsidised 12% interest rates in line with a decision made by the Government Commission on Economic Development and Integration, headed by First Deputy Prime Minister Igor Shuvalov, once the Russian Government has adopted the required decisions.

Subsidised mortgage interest rates will reinvigorate the housing and development market, helping many Russians solve their housing problems, and also benefiting the national economy.

VTB Group

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