IFC finances Russia's mortgage sector - 2004-01-13
The fledgling Russian mortgage sector has recieved a much-awaited boost having received two huge loans from the International Finance Corporation (IFC), the private-sector financing branch of the World Bank Group, in a span of four days.
On June 19, it granted an $80 million, ten-year loan to Raiffeisenbank Austria of Russia and followed it up with another $66 million more on June 23 to Delta Credit, to run their residential mortgage loans in the country.
Read the full story at Russia Journal