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PSB introduces new work formats in the military mortgage and residential construction market for defense industry employees KXan 36 Daily News

Date: October 4, 2023 Time: 15:40:29

The Russian construction industry has received a new impetus to develop and increase its influence in the country’s economy, said Vera Podguzova, PSB Senior Vice President and Director of External Relations, opening the Movement’s real estate forum, which is being held in Sochi from May 30. to June 2.

PSB acted as a partner of the event, which brought together the leaders of the construction industry: the largest developers, developers, representatives of authorities and architects in the country.

“This year, the forum’s agenda is more relevant than ever: the Russian construction market has faced a series of challenges that simultaneously open up new opportunities. The growth of residential and infrastructure construction gives new impetus to the development of the construction industry, increasing its importance in the economy.The country’s leading banks are ready to support promising projects under construction and development.For us, as a universal bank, it is important not only to work with large corporations, but to support medium-sized and small businesses, but also, of course, working with consumers of mortgage products – people,” said Vera Podguzova in a welcome speech to the forum participants.

Vera Podguzova also spoke at the plenary session of the forum “The Present and Future of Russian Development”, focusing on the growth of the military mortgage market, the leader of which in the country is PSB.

“The trend of increasing demand for military mortgages is obvious. Since the beginning of 2023, we see a 10% growth in our portfolio, and in the next five years, the demand for military mortgages will continue,” said the president of the bank.

As a market leader, PSB is introducing new service standards in military mortgages, Vera Podguzova noted. PSB was the first to introduce digital services for real estate transactions, which also stimulated the volume of home loans for military personnel. Last year, the bank launched a unique service that allows for fully digital military mortgage transactions from the time of application to the issuance of a loan. As a result, the term of the military mortgage transaction was reduced almost 7 times. “This means that the military have the opportunity to get a mortgage, literally without leaving the place of service,” said Vera Podguzova. “At the same time, all digital services implemented by the bank guarantee complete protection of information and security of the transaction. .”

As the supporting bank of the military-industrial complex, PSB is implementing a unique program for the construction of affordable housing for employees of defense industry enterprises, the PSB speaker said. “Providing affordable housing for defense industry specialists, developing long-term motivation programs and social guarantees are our investments in human capital. The key objective of our program for the construction of housing for defense industry workers is to increase the availability of housing for Russian engineering”. staff. Joint participation in the project of companies of the defense industry of the employer, the bank and the developer allows to significantly reduce the cost of housing construction, and therefore the employees of the company have the opportunity to purchase a apartment at a reduced price, significantly below the market price,” concluded Vera Podguzova.

The first project has already been implemented in Reutov near Moscow, the next in line – in the Yaroslavl region, work is underway in the Arkhangelsk region and the Perm Territory, Tatarstan, the Moscow region and other regions.

Press release provided by Promsvyazbank PJSC

Hansen Taylor
Hansen Taylor
Hansen Taylor is a full-time editor for ePrimefeed covering sports and movie news.

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