Bank DOM.RF and Sovcombank signed a memorandum on long-term cooperation in the mortgage lending and mortgage securities market. The document also provides for the issue of mortgage bonds secured by mortgages of the bank and the guarantee of the Institute of Development in the Housing sector. This is stated in the bank's message.
The parties plan to carry out several issues of mortgage-backed securities, including "green" and social, with a total volume of up to 100 billion rubles. In addition, the agreement establishes the parties' intentions to develop the mortgage lending market and mortgage bonds, as well as to increase the liquidity and investment attractiveness of such bonds.
Sovcombank PJSC is a universal bank with assets of 1.6 trillion rubles according to IFRS. It is included in the list of systemically significant credit organizations (NWCO) of the Bank of Russia. The Bank serves 8.3 million individuals, including 7.6 million borrowers and more than 500 thousand depositors.
