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Printed from: http://petersburgcity.com/news/business/2005/12/09/finance_kit/ Business news, 09.12.2005 15:49 Mortgage Ambition
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
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