Alfa-Bank and DOM.RF have announced a cooperation agreement that envisions issuing mortgage bonds totaling up to 600 billion rubles by 2029. The arrangement is designed to channel stable financing into the mortgage market and strengthen the two institutions’ ability to support long-term lending to homebuyers. This initiative signals a deliberate step to align institutional capital with housing finance needs, creating a framework for sustained credit access and project funding in the Russian mortgage space.
Beyond the bond issuance, the parties intend to implement a series of measures aimed at developing the mortgage loan market and the market for mortgage-backed securities. The plan includes boosting investor appeal, enhancing liquidity across the sector, and expanding the pipeline of loan programs. By improving market infrastructure and predictable funding channels, the collaboration seeks to foster a more resilient and transparent financing environment for lenders and borrowers alike.
Vladimir Verkhoshinsky, head of Alfa-Bank, emphasized that the partnership with DOM.RF rests on strong, effective collaborations that accelerate the deployment of new financial technologies. The statement points to a shared commitment to innovation in lending workflows, risk assessment, data analytics, and customer experience, underscoring how technology can streamline mortgage processes and support better decision-making across the lending value chain.
“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. The remark reflects an understanding that accelerated portfolio growth, diversified product lines, and tighter liquidity management can collectively strengthen the bank’s financial resilience and its ability to serve a wider range of borrowers.
Artem Fedorko, chairman of the board of DOM.RF Bank and deputy general director of DOM.RF, noted that the firm provides market participants with a reliable working mechanism to attract extra-budgetary resources into the field of mortgage loans. The statement highlights the role of structured financing and coordinated funding efforts in expanding access to mortgage credit while maintaining prudent risk controls and stable capital allocation.
“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. The ambition reflects a broader strategy to mobilize varied investor bases, diversify funding sources, and enable lenders to manage credit risk more effectively through securitized structures that align with market demand and regulatory requirements.