06 February 2014, Thursday, 15:25 | sponsored feature

Savings Bank has invested 29.3 billion rubles in construction projects in the Urals in 2013

author: Bashinform News Agency

Ural Bank for the Savings Bank of Russia for 2013 financed construction projects totaling about 30 billion rubles. Almost half of this amount — 46 % — is accounted for housing construction, and about 45% — for projects in commercial real estate. More than 5% of the total funds made funding of municipal programs in the utilities sphere.

"Residential real estate market continues to evolve and the Ural Bank is ready to finance as a point construction in the regions of its activity and large-scale development projects involving complex development of territories. In the field of commercial real estate loan funds were directed not only to the construction of shopping malls and business centres, but also to infrastructure projects and housing and utilities", the Chairman of Ural Bank for the Savings Bank of Russia Vladimir Cherkashin noted.

In general, the loan portfolio of the Ural Bank on financing construction projects reached 57 billion rubles to the beginning of 2014. Over the past year, it increased by 6.6 billion rubles, or by 13.2 %.