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
31 Mar '14 | Industry, manufacturing | Technology & innovation
24 Feb '14 | Technology & innovation | Industry, manufacturing
14 Jan '14 | Industry, manufacturing | Finance, business
 
Search (News archive - 18758)
Nizhny Novgorod scientists, video (in Russian)

Latest News

16 Apr '14
OOO Fort, a Russian company, is launching a new...
16 Apr '14
GS Venture, the one-year-old venture arm of GS Group,...
15 Apr '14

Most read stories from last week

14 Apr '14
Three best projects in innovative medical materials...
14 Apr '14
Rusnano is assisting in setting up in the Ulyanovsk...
15 Apr '14
Microsoft has stepped up its support of the Moscow...