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
20 Aug '15 | Finance, business | Technology & innovation
7 Jul '15 | Energy, utilities | Technology & innovation
17 Jun '15 | Industry, manufacturing | Technology & innovation
10 Jun '15 | Technology & innovation | Industry, manufacturing
13 Apr '15 | Industry, manufacturing | Technology & innovation
 

Feature stories

27 Aug '15
20 Aug '15
United Instrumentation Corporation (UIC), a large...
6 Aug '15
Search (News archive - 18974)
Technology Commercialization
Advertising
Hi-tech Technopark Association of Russia

Latest News

27 Aug '15
Next month RVC, Russia’s fund of funds for...
27 Aug '15
26 Aug '15
At the Belgorod State University in Central Russia,...

Most read stories from last week

25 Aug '15
Researchers at MEPhI, one of Moscow’s largest tech...
25 Aug '15
Researchers at the Tomsk State University of Control...
26 Aug '15
At the Belgorod State University in Central Russia,...