Urals | Finance, business

Chelyabinsk to continue mortgages despite crisis

22 Oct '08
Chelyabinsk state-run South Urals Corporation for Residential Housing and Mortgage has announced $18.5m worth of plans to issue additional shares, regional officials reported today.

The region’s Governor Pyotr Sumin said the intention was to increase the corporation's authorized capital by 23.7% to $78m.

The funds would be spent on refinancing of the Corporation's mortgage commitments to regional banks, which would enable banks to go ahead with granting mortgage loans to residents.
Publish in Twitter
Write to Facebook
Google Buzz
Write to LiveJournal
Show in MM
Share MK
COMMENT ON THIS STORY
Find Related Content

Tags: authorized capital (72) / mortgage bond (2) / additional issue (18) / South Urals Corporation for Residential Housing and Mortgage (0) / Pyotr Sumin (0) /

Latest News: Urals
28 Jan '16 | Materials, extraction | Technology & innovation
15 Dec '15 | Technology & innovation | Real estate
8 Dec '15 | Technology & innovation
8 Oct '15 | Technology & innovation | Energy, utilities
15 Sep '15 | Technology & innovation | Industry, manufacturing
 

Feature stories

29 Jan '16
Entomologists at St. Petersburg State University are...
15 Jan '16
Moscow medical researchers have developed a next gen...
18 Dec '15
Search (News archive - 20858)
Technology Commercialization
Advertising
Hi-tech Technopark Association of Russia

Latest News

8 Feb '16
Russia’s Advanced Research Fund, the national analog...
5 Feb '16
NPO Saturn, the largest aircraft engine manufacturer...
4 Feb '16
Physicists at Moscow’s MIPT, a leading Russian...

Most read stories from last week

8 Feb '16
Russia’s Advanced Research Fund, the national analog...