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ATB will be one of the first to become a participant in the Far Eastern Mortgage program - EastRussia | Far East

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ATB will be one of the first to become a participant in the Far Eastern Mortgage program

ATB will be one of the first to become a participant in the Far Eastern Mortgage program
Photo: pixabay.com

A meeting was held at the Ministry for the Development of the Far East with the participation of a representative of the Asia-Pacific Bank, Tatyana Bychkova, director of the bank for Primorsky Territory. During the meeting on the implementation of the Far Eastern Mortgage program, Tatyana Bychkova spoke about the current mortgage products of ATB and the readiness of the bank to start lending to the population of the Far East as part of the state program.

Recall that on December 7 of 2019, the Government of the Russian Federation No. 1609 approved the terms of the Far Eastern Mortgage program, which provides for subsidizing interest rates up to 2% per annum for mortgage housing loans for young families in the Far East and participants in the Far Eastern Hectare program.

ATB was one of the first banks to begin collecting applications and approving clients before formally approving the terms of the Far Eastern Mortgage program.

To participate in the program, the Asia-Pacific Bank will submit an application to the program operator of JSC “HOUSE of the Russian Federation” to establish a limit on funds for subsidizing interest rates of its customers, which is necessary to start providing mortgage loans.