Mortgages - the lot of small banks?

This year, the Russians more willing to take mortgages in small banks, rather than in large ones. So, according to the Agency for Housing Mortgage Lending (HMLA), for the first two years the share of recent falls below 60%. For comparison, in late 2009 by 5 largest banks accounted for 68% of all loans. And even though the Central Bank of the top 5 banks do not disclose, according to HMLA, this list is likely to include: Sberbank, the Russian Agricultural Bank, Gazprombank and Bank of Moscow. At the same time the number of loans to medium-sized regional banks, has grown substantially. This can be explained by the fact that small banks to offer lower rates on loans in rubles. Thus, in the first half of the most favorable conditions 11.8% were offered a small credit institutions, and the highest rate - 13.9% were observed in the major players. I must say that before the crisis, the market evolved a similar situation. Then the share of the largest banks accounted for only 47% of the total weight of loans, however, in the next year the situation has changed. In the crisis of small banks are no longer had access to funding, and this benefited the top 5 banks. In 2010 g.krupnye financial institutions passed the position, but further decline is likely not going to happen, experts believe. Many banks in connection with the launch of programs to support the mortgage were a source of cheap funding from Vnesheconombank, which means the convergence rates for large and small banks.