Page 55 - RusRPTJuly18
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The 15 largest banks in Russia issued RUB827bn of mortgage loans in the first four months of this year , an increase of 84.7% y/y according to Dom.rf and Frank RG.
The top five creditors account for 81.6% of all the mortgage loans extended. The market leader remains Sberbank , which for the first four months of this year has issued RUB455.9bn and increased the market share by 1.6%age points to 52%. In second place is VTB Bank (RUB141.6bn), which saw its market share fall by 6.5%age points to 16%. The third and fourth places are occupied by Rosselkhozbank (RUB48.5bn) and Gazprombank (RUB46.7bn) with market shares of 5.5% and 5.3%, respectively.
The share of foreign banks in the total volume of mortgage lending in Russia is minimal . According to the rating, Raiffeisenbank (RUB23.9bn) and DeltaCredit (RUB20.6bn) lead the pack of foreign banks with 2.7% and 2.3% shre of the market respectively.
RUSSIA Country Report July 2018 www.intellinews.com
