DeltaCredit Mortgage Loan



Project number:


Business sector:

Financial institutions

Notice type:


Environmental category:


Approval date:

23 Jul 2013



PSD disclosed:

18 Jun 2013

Project Description

The EBRD is considering a senior loan of up to USD 85 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.

Transition Impact

The operation will:

1) Support the growth of the mortgage market of the Russian Federation and deepen penetration via new clients/regions,
2) Promote competition and best practice in mortgage lending.

The Client

DeltaCredit Bank is the 4th largest mortgage provider in the Russian Federation. The bank is part of SocGen Group.

EBRD Finance

A senior bi-lateral multicurrency loan of USD 85 million, available for disbursement in USD and Roubles.

Project Cost

USD 85 million.

Environmental Impact

Categorised FI: 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 submit annual environmental and social reports to the EBRD.

Technical Cooperation


Company Contact

Public Relations: Barinov Ivan
Tel: +7-495-960-31-61, ext.2171

Investor Relations: Cherepneva Maria
Tel: +7-495-960-31-61, ext.2217

Business opportunities

For business opportunities or procurement, contact the client company.

For state-sector projects, visit EBRD Procurement: Tel: +44 20 7338 6794

General enquiries

EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168

Public Information Policy (PIP)

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

Independent Project Accountability Mechanism (IPAM)

If efforts to address environmental, social or public disclosure concerns with the Client or the Bank are unsuccessful (e.g. through the Client’s Project-level grievance mechanism or through direct engagement with Bank management), individuals and organisations may seek to address their concerns through the EBRD’s Independent Project Accountability Mechanism (IPAM).

IPAM independently reviews Project issues that are believed to have caused (or to be likely to cause) harm. The purpose of the Mechanism is: to support dialogue between Project stakeholders to resolve environmental, social and public disclosure issues; to determine whether the Bank has complied with its Environmental and Social Policy or Project-specific provisions of its Access to Information Policy; and where applicable, to address any existing non-compliance with these policies, while preventing future non-compliance by the Bank.

Please visit the Independent Project Accountability Mechanism webpage to find out how to submit a Request for review through our confidential online form, by email, mail or telephone. IPAM is available to discuss your concerns and answer any questions you may have about the submission or handling of Requests, which follow the Project Accountability Policy and Guidance. Requestors’ identities may be kept confidential, upon request.

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