According to the bank’s press service, Alfa-Bank and DOM.RF signed an agreement under which the parties plan to issue mortgage bonds totaling up to 600 billion rubles by 2029.
The parties also plan to take measures to develop the market for mortgage loans and mortgage bonds, increase investment attractiveness and improve the liquidity of such bonds.
As noted by Vladimir Verkhoshinsky, head of Alfa-Bank, the bank represents effective partnerships that help create new financial technologies.
“Cooperation with DOM.RF will allow the bank to increase the speed of building its mortgage portfolio, further develop loan programs and more efficiently manage the mortgage business and the liquidity and capital of the bank as a whole,” he said.
According to Artem Fedorko, Chairman of the Board of Directors of DOM.RF Bank and Deputy General Director of DOM.RF, the bank provides market participants with an effective working mechanism to attract extra-budgetary resources into the field of mortgage loans.
“Our future goal is to develop securitization as a market-based mortgage financing vehicle with new and existing partners in issuing mortgage-backed securities on our platform,” he said.