Bank DeltaCredit

DeltaCredit Bank is the first specialized mortgage bank in Russia, one of the leaders of mortgage lending with 13 years of excellent performance on the Russian market. The Bank provides mortgages on secondary and housing under construction markets both through its own agencies and through a wide network of bank partners all over the Russian Federation. DeltaCredit regularly ranks among the top three banks by mortgage portfolio.

DeltaCredit is a subsidiary of Societe Generale Group through its single shareholder OSCB Rosbank (OSJC).

Bank is focused on providing the highest quality of mortgage portfolio (loans overdue for over 90 days constitute 0.98% of the portfolio as of December 1, 2011, which is three-fold less than the average market indicator), while its specialization in mortgage lending and commitment to improving business processes enable DeltaCredit to perform strongly.

Summarizing the results of DeltaCredit performance for the 9 months of 2011, the mortgage portfolio has increased to 57.08 billion rubles, net profit is amounted to 1.63 billion rubles.

DeltaCredit Bank uses diversified scalable funding model. As an active member of financial markets, DeltaCredit attracts funding resources:

  • On debt capital markets through issuing of corporate bonds (the Bond Issue series 06 in amount of 5 bln rubles was placed in June 2011), issuing of covered bonds in accordance with local legislation (on November 2011 the Covered Bond Issue series 08-IP was successfully placed), issuing notes under securitization deals (the first securitization deal was closed in 2007)

  • From major international finance institutions through execution of bilateral and syndicated contracts

  • Moody’s Investors Service has assigned a long-term deposit rating of Baa2 to DeltaCredit Bank and Baa1 to DeltaCredit Bond Issues series 06 and 08-IP.

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