Russian Banks Keep Issuing Family Mortgages as February Rule Changes Approach
The Finance Ministry says the program remains in force, with some lenders reconfiguring operations for the February 1 requirements.
Overview
- Sberbank, VTB, Dom.RF, Alfa‑Bank, Sovcombank and Absolut Bank report normal acceptance of applications and loan issuance under the program.
- Rosselkhozbank has not accepted new applications since December 30, 2025, and T‑bank plans a 1–1.5 week pause to prepare for the new procedures.
- The Finance Ministry states there are no restrictions on issuing these loans and advises checking individual banks for temporary operational adjustments.
- VTB notes heightened borrower activity, saying December transaction volume rose about 30% year over year and issuance growth continued into January.
- From February 1, families will be limited to one preferential loan and spouses must be recorded as co‑borrowers rather than separate borrowers.