Translated version of this PSD: Russian
The EBRD is considering a senior loan of up to USD 150 million to DeltaCredit Bank, Russian Federation (“the Loan”). The Loan will be utilised by DeltaCredit Bank for making new residential mortgages to retail clients in the Russian market.
The operation will:
1) Support the recovery of the mortgage market of the Russian Federation in the post-crisis environment
2) Promote mortgage lending resulting in higher volumes and deeper penetration via new clients/regions to make housing affordable for the Russian middle class, and
3) Promote competition and best practice in mortgage lending.
DeltaCredit Bank is the 3rd largest mortgage provider in the Russian Federation. The bank is part of SocGen Group.
A senior bi-lateral multicurrency loan of up to USD 150 million, available for disbursement in USD and Roubles.
USD 150 million.
DeltaCredit Bank, Russia will be required to comply with the EBRD's Performance Requirements 2 and 9. In particular, DeltaCredit Bank will need to implement environmental and social procedures for mortgage lending. DeltaCredit Bank will be required to adhere to the EBRD's Environmental and Social Exclusion and Referral Lists and submit annual environmental and social reports to the EBRD
Public Relations: Barinov Ivan
Tel: +7-495-960-31-61, ext.2171
Investor Relations: Cherepneva Maria
Tel: +7-495-960-31-61, ext.2217
For business opportunities or procurement, contact the client company.
EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168
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The PIP sets out how the EBRD discloses information and consults with its stakeholders so as to promote better awareness and understanding of its strategies, policies and operations. Please visit the Public Information Policy page below to find out how to request a Public Sector Board Report.
Text of the PIP
Project Complaint Mechanism (PCM)
The Project Complaint Mechanism (PCM) is the EBRD's accountability mechanism. It provides an opportunity for an independent review of complaints from individuals and organisations concerning EBRD-financed projects which are alleged to have caused, or are likely to cause, environmental and/or social harm.
Please visit the Project Complaint Mechanism page to find information about how to submit a complaint. The PCM Officer (firstname.lastname@example.org) is available to answer any questions you may have regarding the submission of a complaint and criteria for registration and eligibility, in accordance with the PCM Rules of Procedure.