Translation. Region: Russian Federal
Source: Government of the Russian Federation – An important disclaimer is at the bottom of this article.
The financial system of Donbass and Novorossiya is being actively integrated into the Russian economy, creating a basis for their sustainable development and improving the quality of life of the population. The presence of banks in the regions ensures the realization of economic potential, said Deputy Prime Minister Marat Khusnullin.
“The financial sector is one of the key areas of integration of the reunited regions into a single all-Russian space. Financial and credit organizations have opened 600 offices and installed more than 4 thousand ATMs. This ensures access to a wide range of banking services and operational procedures: there is an opportunity to place capital, open deposit accounts, apply for credit products, including preferential mortgages at 2% for the purchase of housing and preferential loans for participants in the free economic zone under the Territorial Development Fund program. This has become a factor in strengthening the investment potential and sustainable development of the economy of Donbass and Novorossiya,” said Marat Khusnullin.
In all four regions, there are branches of PAO Promsvyazbank, PAO Sberbank, as well as CMRBank, OOO KB RostFinance, VTB Bank and AO KB IS Bank. The organizations’ offices provide a full range of services.
“The financial sector is demonstrating unprecedented dynamics, becoming the main driver of economic growth. The volume of the loan portfolio in the regions has increased sevenfold compared to the previous year. Particular attention is paid to housing programs. In the historical regions, there is a preferential mortgage at 2%. In order to support investment projects in housing construction, a decision was made to insure war risks in the reunited territories. These measures have a double effect: citizens improve their living conditions, and businesses expand their development opportunities,” added Deputy Minister of Construction and Housing and Public Utilities Almaz Khusainov.
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