DeltaCredit Rouble Mortgage Loan

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The proposed project consist of two facilities: The Bank’s second round of financing will be a logical continuation of the first round by supporting the Company in mobilising commercial financing for Russian mortgage market and add local currency mortgages to its product portfolio. The syndicated loan will introduce commercial lenders to the secured loan structure and to the Company in general. This will demonstrate that commercial financing of mortgage receivables is achievable in the Russian market. The rouble loan will enable DCB to launch rouble-denominated mortgage offering. Rouble mortgages of DCB would be the first significant private sector offering of local currency residential mortgage funding in Russia. The mortgage market is still at an early stage of its development in Russia. DCB is playing a pioneering role in the development of the sector and is introducing best practice standards for the industry. The proposed transactions allows DCB to continue focusing on expansion of its portfolio and through this make mortgage financing available to more Russians. DeltaCredit Bank is the leading mortgage provider in Russia, established by The US-Russia Investment Fund (TUSRIF) in 1999. Syndicated loan: senior term loan of up to USD 30 million, with an A/B structure, B loan to be syndicated. Rouble loan: senior term loan of RUB 300 million (EUR 8.1 million) USD 40 million. The project has been classified as a financial intermediary (FI). The environmental risks associated with the operation and the potential portfolio are low. DCB will need to comply with EBRD’s Environmental Procedures for the Residential Mortgage Lending. None. Serge Ozerov, CFO e-mail: sozerov@deltacredit.ru Tel: +7 095 960 3161 Fax: +7 095 960 3162