VEB may purchase 30 bln rubles in Sberbank mortgage securities
MOSCOW. July 20 (Interfax) - Vnesheconombank (VEB) may refinance mortgage loans from Sberbank Russia by purchasing mortgage securities totaling 30 billion rubles.
VEB has received an application from Sberbank to refinance 30 billion rubles in mortgage loans, VEB chief Vladimir Dmitriev told journalists on Tuesday. "We have registered it [the request]," he said.
VEB previously announced plans to purchase mortgage bonds from seven Russian banks totaling 67.95 billion-75.5 billion rubles.
Sberbank said it planned to issue no less than 30 billion rubles in mortgage securities under VEB's program in 2011.
Gazprombank has applied to issue mortgage securities totaling 30 billion rubles, Uralsib - 20 billion rubles, Khanty-Mansiisk Bank - 7 billion rubles, Investtorgbank - 6 billion rubles, Vostochny - 6 billion rubles, VTB 24 - 5 billion rubles and Housing Finance Bank - 2.5 billion rubles.
In March 2010 VEB's supervisory board approved investment of the accumulation portion of pension money and VEB's internal funds in mortgage-backed securities. A total of 250 billion rubles is planned for investment in the program.
RTS$#&: GUTB, ITGB, SBER, USBN