TMM starts mortgage program with Oshchadbank

TMM Real Estate (FSE: TR61 GR), in a press release yesterday, said it began a mortgage lending program with state-owned Oshchadbank. The program will allow customers who purchase apartments in eight of TMM’s completed and five uncompleted projects in Kyiv and Kharkiv to receive mortgages through Oshchadbank. The loans will require 30% down payment, have a term of up to 20 years and annual rates of 18% in Ukrainian hryvnyas.