Aggregated News From Investment Management Regulators

Balances of escrow accounts top 600 billion rubles in August

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Project financing in residential construction extended gains in August, driven by the government’s support package, among other things.

Over the month, the number of escrow accounts and their balances both increased 21% to 179,800 accounts and 607.0 billion rubles respectively. The total limit of loan agreements with developers was above 1.8 trillion rubles.

Further details of developments in residential construction financing are published on the Bank of Russia website.

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Regulator Information

Abbreviation: CBR
Jurisdiction: Russian Federation

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