23 August 2012, Thursday, 14:39

Inflation decrease and growth of deposits can make the mortgage cheaper – National Bank RB

author: Alfiya Sharafutdinova

Decrease in inflation and overdue debts against growth of population savings activity will help to make the mortgage cheaper. It was declared at the press conference by the vice-president of the National Bank of Bashkortostan Republic Marat Kashapov.

It should be marked that today the average rate under mortgage loans makes about 12 percent per annum in Bashkortostan.

According to the vice-president of the National Bank, this year inflation decrease can be affected by the situation in the global markets. However the Bank of Russia does not review its reference points on inflation for this year that is testified, in particular, by unchanged refinancing rate. As to risks in the banking sector they now decrease — level of the overdue debt is gradually reduced. Speaking about attraction of population funds in the banking sector, Marat Kashapov informed, that the growth of deposits for the first half of 2012 in comparison with the same period of 2011 made 10 percent in the republic. Thus he underlined the fact that on level of savings activity Bashkortostan traditionally lags behind the average one across Russia.

“Our population not very actively saves money in banks. Probably, it saves it in other forms, or mostly spends it,” vice-president of the National Bank shared his opinion.

As one more way to decide a housing problem he named introduction of the housing savings mechanism.