"As of April 3, we are suspending the issuance of loans

[tanjimajuha20]

VTB Bank will temporarily stop issuing IT mortgages from April 3. This was reported to Vedomosti by the press service of the credit institution.

for IT mortgages due to the exhaustion of the allocated limit under the program. VTB is currently awaiting a government decision on the further development of IT mortgages, and if its financing increases, it will participate in the new distribution of funds," the statement says.

In January, several tunisia whatsapp resource Russian banks stopped issuing preferential IT mortgages due to the limit being exhausted. This decision was made, in particular, by Sberbank, PSB Bank, MTS Bank, RNKB and Bank Saint Petersburg. VTB had previously reduced the volume of issuance.

In February, a Finance Ministry representative said that the department supported increasing the limits on IT mortgages in order to prevent the program from being stopped. After that, Sberbank and RNKB said that they would resume issuing preferential loans after the limit was expanded. VTB and Sovcombank then noted that they were continuing to accept applications and issue IT mortgages. Representatives of both credit institutions said that the banks were planning to participate in the new distribution of funds in order to meet customer demand until the end of the program.

The preferential mortgage program for IT specialists has been in effect since July 2022. The rate for employees of Russian companies accredited in the Ministry of Digital Development, Communications and Mass Media register is up to 5% per annum with a down payment of 15%. The maximum amount of a state-subsidized loan for residents of million-plus cities is 18 million rubles, for other regions - 9 million rubles. VTB noted that since the start of the program, the bank has issued preferential loans to about 11,000 IT specialists, the total volume of transactions amounted to almost 108 billion rubles.