Banks are less likely to refuse mortgages

Банки стали реже отказывать в выдаче ипотеки

Banks are less likely to refuse mortgages

With the lifting of restrictions imposed in connection with the coronavirus pandemic, in June, the approval rate for applications for issuing mortgages returned to the pre-crisis level of 78-80 percent.

Earlier, amid the pandemic, banks tightened the issuance of mortgage loans on buying an apartment, however, after the start of the lifting of restrictions imposed by the state, the lending policy of banks returned to the pre-crisis level.

According to the Central Bank, in June there was a noticeable recovery in retail lending : It rose 1 percent m/m after weak growth in May (+0.2) and a decline in April (-0.7).

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Banks are less likely to refuse mortgages