Loan limits in equity construction exceed 3 trillion rubles in January
2 March 2021
News
Project financing in residential equity construction extended gains in January, driven by the government's support package, among other things.
In total, as of 1 February 2021, equity construction participants placed more than 1.26 trillion rubles in escrow accounts, while 178.5 billion rubles were transferred from escrow accounts to developers or used to repay their loans for construction projects. The total limit under existing loan contracts between banks and developers was higher than 3.08 trillion rubles.
Further details of developments in residential equity construction financing are available on the Bank of Russia website.
Preview photo: Vasily Kuzmichenok / TASS