Pensions in the mortgage

Banks Finansy20-11-2009 pensions in the mortgage housing crediting program will try to start up again with the help of pension savings. In the mortgage bonds of Russian banks may invest up to 20% of pension funds under management by the state management company - Vnesheconombank (VEB). Investment amount may be about 100 billion rubles. This was announced by Russian Prime Minister Vladimir Putin before the meeting of the Supervisory Board of VEB. Vladimir Putin noted that banks in this volume will issue new mortgages at more attractive rates and longer term. "To the mortgage has been available for a wide range of people, must strive to ensure that the mortgage was no more than 10-11% (rate)" - quoted saying by RIA Novosti head of government. Today's rate, which averaged 14.5% per annum, is unaffordable for the citizens of the country, believes the prime minister.