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.
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.
DeltaCredit Bank is the 4th largest mortgage provider in the Russian Federation. The bank is part of SocGen Group.
A senior bi-lateral multicurrency loan of USD 85 million, available for disbursement in USD and Roubles.
USD 85 million.
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.
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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