VTB boosted mortgage lending by 30% in June
The data for mortgage loan issuance figures in the Ural Federal District and Russia for the month of June 2022, compared to the same period in 2021, is not readily available in the public domain. However, it's worth noting some relevant trends and insights from recent data.
In the first half of 2022, the total volume of mortgage issuance in Russia was approximately 1.5 trillion rubles, marking a 47% decrease compared to the same period last year. This decrease is likely due to the end of major state subsidy programs that had previously supported lending at preferential rates, as evidenced by a 66% drop in nationwide mortgage issuance in June 2025 compared to June 2024.
In the Ural Federal District, residents took out over 1,000 mortgage loans in June 2022, a 30% increase from May. The volume of mortgage loan issuance in June exceeded 5 billion rubles, representing a significant increase compared to 3.4 billion in May. The Sverdlovsk region had the highest mortgage loan issuance in the Ural Federal District, at 5.9 billion rubles. The Tyumen region followed closely, with 4.3 billion rubles in mortgage loan issuance.
Over the first six months of 2022, VTB issued more than 16.5 billion rubles to Ural residents for mortgages. In June 2022, VTB conducted around 9,500 mortgage deals, a 38% increase by number and 41% increase by volume compared to May. The average loan size at VTB in June 2022 was 5.6 million rubles, a 2% increase compared to the previous month and a 9% increase compared to June 2021. The average mortgage loan size in the Ural Federal District in June was 4.91 million rubles, but the current data does not provide a comparison to earlier months or years.
Family mortgages accounted for 69% of all sales among preferential programs in the first half of 2022. State support is the main driver of the Russian mortgage market, accounting for 78% of the total issuance volume in the January-June period, according to VTB.
While specific, comparable figures for mortgage loan issuance in the Ural Federal District or across Russia for May–June 2022 versus the same period in 2021 are not readily available, official reports from the Central Bank of Russia or regional financial authorities would provide more precise year-on-year changes during that time.
In light of the decreasing mortgage issuance volumes across Russia due to the conclusion of major state subsidy programs, it's crucial for investors in the finance sector, particularly those interested in real-estate business, to stay updated on potential changes in the market. For instance, the Ural Federal District witnessed a significant 30% increase in mortgage loans issued in June 2022, with VTB alone issuing over 16.5 billion rubles for mortgages in the first half of the year.
