Russian mortgages were promised a 30 percent increase

International rating agency Moody's expects that the volume of newly issued mortgages and housing loans in Russia will increase by about 30% annually in 2011 and 2012. It is reported in Thursday, April 21, the agency Prime-Tass report on Moody's. In the base case the total amount of new mortgages will reach about 570 billion rubles. ($ 19 billion) in 2011 compared with 437 billion rubles. in 2010. «Moody's considers the development of the business of mortgage lending in Russia as a generally positive trend for the credit positions of the banks involved - said the assistant vice president of Moody's and author of the report Olga Ulyanov. - In addition, the credit quality of Russian mortgage lending is hard enough for today. "