Multimortgage

completed

The proposed project is to provide an IFC A Loan of up to $70 million, backed by a guarantee from Société Générale, to CJSC DeltaCredit Bank (“DCB” or “Bank”). DCB is an existing IFC client and the Russian subsidiary of the Société Générale Group (France). The proposed loan would have a maturity of up to 10 years and would be available in both rubles and dollars to be used to provide mortgages to individual borrowers. _x000B__x000B_DCB is the mortgage lending subsidiary of Société Générale in Russia. The Bank was acquired by Société Générale in 2005 and as of end-2012 ranked #68 in Russia with over $2.5 billion in assets.* DCB is one of the leading players in the Russian mortgage market, ranking #4 in Russia by outstanding mortgage portfolio with a market share of approximately 4%.** The Bank has a direct presence in 14 large Russian cities and has a network of 57 correspondent banks which allow it to reach 71 cities in 57 regions. _x000B__x000B_*Source: the RBC rating of Top500 banks on net assets (local GAAP) _x000B_** Source: the RBC rating; Central Bank of Russia