Investment bank Kit Finance plans to issue $500 million to $600 million worth of mortgages in 2006, a bank representative, Alexander Vinokurov, said Thursday. According to him, next year the bank will issue 20,000 credits worth $25,000 to $30,000 each.
“This is what we would like to give out independently. It’s possible it will be too ambitious,” Vinokurov said, adding that the bank could issue mortgage bonds, create a mortgage investment fund, and also sell some of its mortgages to other banks.
News source: times.spb.ru
Print this news
Business news archive for 09 December' 2005.
Business news archive for December' 2005.
Business news archive for 2005 year.