2.6 million Russian households have a mortgage loan with Sberbank

Sberbank awarded number one real estate bank in Russia by Euromoney

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Mag. Linda Michalech
Corporate Communications Manager

Sberbank Europe AG
Tel.: +43 1 22732 1300
Mobile: +43 664 8891 3662
linda.michalech@sberbank.at

Sberbank awarded number one real estate bank in Russia by Euromoney

Sberbank has taken first place in four categories of the Euromoney Real Estate Survey 2017: Best Bank in Russia, Best Bank in Central and Eastern Europe, Best Loan Finance Bank in Russia, and Best Loan Finance Bank in Central and Eastern Europe. 2.6 million Russian households have a mortgage loan with Sberbank.

“The results of the survey show that the real estate sector really appreciates our efforts to shape a transparent, safe, hi-tech and accessible real estate market in Russia. Over the past 18 months, Sberbank has carried out large-scale work to optimise the process of issuing mortgages, which included automating processes and cutting costs to the largest possible extent. This has let us bring new services to the market and enhance our product offering. As a result, Sberbank has delivered excellent results in 2017 – over the first eight months of the year we provided 570.9 bln roubles worth of mortgages, a 38% increase year-on-year. Our DomClick service is used by more than 10% of our borrowers, and more than 100,000 people have used the electronic title registration service,” said Nikolay Vasyov, Head of Sberbank’s DomClick Division.

In 2016, Sberbank launched an online service called DomClick, which lets clients apply for mortgages, receive mortgage approvals, select real estate properties, and get them approved by the bank. A DomClick mobile application is also available. Electronic Registration, a joint service of Sberbank and Rosreestra (the Federal Service for State Registration, Cadastre and Cartography), lets buyers of apartments in new buildings register contracts with developers online.

Euromoney has been conducting the annual Real Estate Survey since 2005 among companies and financial institutions in the real estate sector. Euromoney is an international magazine focusing on the banking sector, finance and capital markets. The magazine’s audience includes senior executives of large companies, investors, and financial sector representatives. Euromoney regularly conducts surveys among markets experts and compiles ratings regarded as some of the most prestigious in the sector.

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