Agency for Housing Mortgage Lending

The Agency for Housing Mortgage Lending was established in 1997. AHML’s mission is to contribute to the development of the Russian housing mortgage lending system. 100% of the company’s shares belong to the Government of Russia.

Fitch Rates Russia's Agency for Housing Mortgage Lending 'BBB-';
Outlook Stable

More
Corporate News

ACRA assigns AAA (RU) to JSC “AHML”, outlook Stable

The credit rating of JSC “AHML” (hereinafter — AHML, or the Agency) is on par with financial obligations of the Government of the Russian Federation and is related to a very high likelihood of the state providing AHML with extraordinary support in view of the Agency’s systemic importance for the Russian economy and a determining

Market Trends

Russian banks reduce mortgage rates to pre-crisis levels

Russia’s biggest banks have reduced mortgage interest rates to below pre-crisis levels that will continue the boom in mortgage lending – currently the only dynamic part of Russia’s financial sector.

ANALYTICS

Q3 2016 Mortgage and Housing Construction Development

In Q3 2016, 48% of housing in newly constructed buildings was sold using mortgage lending. The largest share of newly constructed property purchases using mortgage loans is registered in the Siberian Federal District - 69% and the largest number of deals - in the Central Federal District.

About the Agency

The Agency for Housing Mortgage Lending was established in 1997 by the Government of the Russian Federation. The Agency’s mission is to implement the state policy for increasing the affordability of housing for Russian citizens by developing and improving the efficiency of the housing mortgage financing system.

 

AHML has all mechanisms required for the full cycle of support of the Russian housing sector: from provision of land resources and promotion of housing construction to shaping of solvent demand for housing. One of AHML’s strategic priorities is increasing the volume of financing of the housing and mortgage lending market by developing Russia’s mortgage securities market. 100% of the company’s shares are owned by the Government of Russia.

Industry Indicators

Inflation (CPI)

5,8 %
-0,33 pct

Inflation (CPI)

Inflation in November was:

5,8 %
-0,33
pct
_% to the previous month

Mortgage rates

Primary market
AHML:
10,75 %
Top 15 banks:
11,39 %
-0,04 pct

Mortgage rates on the primary market

The weighted average for the top 15 banks:

11,39%
-0,04
pct
_% to the previous month
Secondary market
AHML:
12,25 %
Top 15 banks:
12,39 %
-0,51 pct

Mortgage rates on the secondary market

The weighted average for the top 15 banks:

12,39%
-0,51
pct
_% to the previous month

The volume of mortgage lending

For month:
125,05
+12,4%
Since the beginning of the year
1 151
+32%

The volume of mortgage loans
in Russia

In October was:

125,05 mlrd rub.
+12,4%
year-on-year

For 10 months of 2016:

1 151 mlrd rub.
+32%