Volga | Finance, business | Real estate

FIA Bank to inject $1.7bn in new housing

23 Jul '08
Togliatti-based FIA Bank will purchase apartments in new houses with the total area of 1.5 million square meters, the bank has reported.

Experts say the bank is investing $1.7bn of its own and borrowed funds.

FIA Banks chairman Anatoly Voloshin said that due to the growing prices on housing, the bank expects to earn up to 50 percent of the amount to be invested.

Voloshin named Samaras developer Most, Ulyanovsks Zapad and Dimitrovgrads Investzhilstroi, Ulyanovsk Region, as the banks partners.
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Tags: Dimitrovgrad (9) / Togliatti (83) / Most (70) / Zapad (11) / Inveszhilstroy (0) / FIA Bank (0) / Anatly Voloshin (0) /

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