DeltaCredit Mortgage Loan
Sector: Residential • Location: Russia
Source: European Bank for Reconstruction and Development (EBRD)
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 competit
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Participants
Sponsoring Agency | Obfuscated Data |
Company | Obfuscated Data |
Status
Original status | complete |
Taiyo status | Obfuscated Data |
Taiyo last update | 00-00-0000 |
Available timestamps | 00-00-0000 |
Available timestamp type | Obfuscated Data |
Contact
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ObfuscatedData@email.com | |
Address | Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data |
Description
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. 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. None. Public Relations: Barinov Ivan Tel: +7-495-960-31-61, ext.2171 Investor Relations: Cherepneva Maria Tel: +7-495-960-31-61, ext.2217 |
Original sub-sector | Obfuscated |
Original Currency | USD |
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Location
Region | Obfuscated |
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Source
Source reliability | High |
Data quality score | 100% |
Source | Obfuscated Data |
URL | obfuscated_data,obfuscateddata.com |
More Details
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