Dom.RF JSC Publishes 2022 Financial And Housing Sector Achievements
In 2022 the United Institute of Development in the Housing Sector JSC Dom.RF reported a significant expansion of its asset base and strong profitability. Assets rose by about one and a half times, reaching 3 trillion rubles, while net profit exceeded 30 billion rubles as reflected in the company’s financial statements. This performance demonstrates resilience through a year marked by macroeconomic challenges and ongoing housing sector reform.
Vitaly Mutko, the Director General of Dom.RF JSC, noted a robust year in which the company put into circulation 2.4 thousand hectares of land. The organization also financed the construction of 15.4 million square meters of new housing, with infrastructure development launched in 17 Russian regions. In addition, 37.7 thousand housing loans were issued, reinforcing Dom.RF’s role as the country’s leading mortgage and housing development operator. Through these efforts, Dom.RF helped address housing needs for 485,000 families during the year, underscoring the scale of its social impact alongside financial results.
Mutko emphasized that the growth in assets and profitability came amid ongoing efforts to stabilize the housing market and sustain high returns on equity. The company remained committed to financial stability while advancing housing access across the nation. This balance of growth and stability was highlighted as a core achievement of 2022, signaling ongoing capability to support public housing objectives and private investment alike.
In the area of project finance, the annual report shows that the portfolio’s size increased by 308 billion rubles from the start of the year, reaching 633 billion rubles by December 31, 2022. This growth is tied to an uptick in payments under credit line agreements used for financing residential construction projects, reflecting a broader trend of increased funding for housing development through structured finance instruments.
On the lending side to individuals, the 2022 portfolio experienced substantial growth as well, with an increase of 268 billion rubles. Dom.RF explained that this rise resulted mainly from new mortgage loan issuances and the amortization of existing mortgages, which served as collateral for securitization deals finalized in 2022. This financing activity contributed to stronger liquidity and broader access to home loans for families across the country.
The year also saw a rise in the balance of bonds issued for 2022, by 273 billion rubles, driven by the issuance of corporate bonds and bonds aimed at financing infrastructure projects. These funding instruments supported the company’s capacity to back large-scale housing and infrastructure initiatives while maintaining prudent debt management and long-term financial health.
In reflecting on the year’s outcomes, Mutko described the 2022 results as a solid foundation for future growth and for unlocking new opportunities to support the housing sector nationwide. The company intended to leverage this momentum to expand access to affordable housing, improve housing-related infrastructure, and stimulate additional private and public investment in the housing market.