Question 1

What is DOM.RF Bank?

Accepted Answer

DOM.RF Bank is a universal Russian bank that operates as part of the state-owned DOM.RF Corporation, Russia's unified housing sector development institution. The bank is a systemically important credit institution in Russia, ranking in the top 10 by assets and top 15 by capital among all Russian banks as of 2024.

DOM.RF Bank specializes in mortgage lending and construction project financing, serving as an authorized bank for the housing construction sector since 2018. The bank provides comprehensive banking services to both retail customers and corporate clients, with a particular focus on supporting Russia's housing market development and infrastructure financing.

Question 2

When was DOM.RF Bank founded?

Accepted Answer

The bank was originally established in 1993 under the name "Rokabank." In March 1995, it was renamed "Russian Capital" (Российский Капитал) and gradually evolved into one of Russia's significant financial institutions.

By 1999, Russian Capital had entered the top 30 largest banks in Russia and achieved market maker status in the interbank lending market. The bank underwent financial rehabilitation starting in 2009 under the supervision of Russia's Deposit Insurance Agency (DIA).

In December 2017, 100% of Russian Capital's shares were transferred to JSC DOM.RF (formerly known as the Agency for Housing Mortgage Lending). The bank officially changed its name to DOM.RF Bank on December 13, 2018, marking its transformation into a specialized housing and development finance institution. The financial rehabilitation process was successfully completed in 2019, and the bank transitioned to regular supervision by the Bank of Russia.

Question 3

Where is DOM.RF Bank headquartered?

Accepted Answer

DOM.RF Bank is headquartered in Moscow, Russia. The bank maintains its head office in the capital city, which serves as the central hub for its operations across the Russian Federation.

Question 4

Where does DOM.RF Bank operate?

Accepted Answer

DOM.RF Bank operates throughout the Russian Federation with a wide federal service network. The bank has a presence in 77 regions of Russia through its financing activities, particularly in housing construction projects.

As of recent reports, the bank maintains a head office in Moscow and operates 34 additional offices across various regions of Russia. The bank has significantly expanded its reach through digital channels, compensating for physical branch reductions with enhanced remote service capabilities.

DOM.RF Bank's project financing activities span 78 regions of Russia, supporting approximately 780 housing construction projects nationwide. The bank ranks second among Russian banks in terms of regional coverage for housing project financing.

Question 5

What services does DOM.RF Bank offer?

Accepted Answer

DOM.RF Bank provides a comprehensive range of banking services with a strong emphasis on the housing sector. Mortgage lending is a core service, with the bank ranking in the top 3 Russian banks by mortgage portfolio (together with DOM.RF Corporation).

The bank offers various government-subsidized mortgage programs including Family Mortgage for families with children, Far Eastern Mortgage for purchasing property in the Far Eastern Federal District, and IT Mortgage for information technology specialists. Since 2020, the bank has issued mortgages for individual housing construction (IHS), and in 2023 launched a pioneering IHS-Contractor program using escrow accounts.

Corporate banking services include project financing for housing developers using escrow accounts, making the bank a leader in developer financing. The bank provides comprehensive products for small and medium-sized businesses (SMB) and ranks in the top 5 Russian banks by SMB lending volumes.

Additional services encompass deposit accounts, card services, payment processing, acquiring services, salary project management, corporate lending, wealth management through Premium and Private Banking segments, securities operations, and tourism infrastructure financing. The bank is among the top 3 Russian banks in preferential financing for tourism infrastructure development.

Digital services include online banking platforms, mobile applications, remote account opening, and home visit services by specialists. The bank participates in Bank of Russia pilot projects for financial technologies, including digital ruble testing (since 2023) and the National Payment Card System universal QR code (since 2024).

Question 6

What makes DOM.RF Bank unique?

Accepted Answer

DOM.RF Bank holds a distinctive position as Russia's authorized bank for housing construction, a status granted in 2018 following Presidential directives to implement amendments to Federal Law No. 214 on shared construction participation. This authorization makes the bank a key pillar of Russia's transition from shared equity financing to project financing with escrow accounts, protecting homebuyers from risks associated with incomplete construction.

The bank pioneered several innovative financial products in Russia. It issued the country's first green mortgage-backed securities worth 5.5 billion rubles and organized Russia's first green bond issuance by a developer. In 2023, the bank debuted the first issuance of digital financial assets in sustainable development format.

DOM.RF Bank was the first in Russia to offer mortgages for individual housing construction under contract with escrow accounts, launching this groundbreaking product in November 2023. This mechanism ensures transparency and safety in private housing construction, similar to protections in multi-apartment construction.

The bank leverages advanced technology, with automated data collection systems that process information into its system in under one minute. This reduces human error in loan processing and accelerates information gathering about mortgage subjects. Approximately 30% of the bank's project financing and mortgage portfolio comprises energy-efficient buildings, demonstrating strong commitment to sustainable development.

Question 7

What type of financial institution is DOM.RF Bank?

Accepted Answer

DOM.RF Bank is classified as a universal bank under Russian banking regulations. It is 100% owned by JSC DOM.RF, which is itself fully owned by the Russian Federation through the Federal Agency for State Property Management (Rosimushchestvo), making it a state-owned bank.

The Bank of Russia has designated DOM.RF Bank as a systemically important credit institution, reflecting its significant role in the Russian financial system. While it is a universal bank offering the full spectrum of banking services, DOM.RF Bank functions with a specialized focus on the housing and construction sector, serving as both a commercial bank and a development finance institution.

This dual nature allows the bank to combine commercial banking operations with its strategic mission of implementing state housing policy, supporting mortgage availability, and facilitating infrastructure development across Russia. The bank operates under the general supervision framework of the Bank of Russia, having completed its financial rehabilitation period in 2019.

Question 8

What is DOM.RF Bank's role in Russia's National Housing Project?

Accepted Answer

DOM.RF Bank serves as a key implementing agent for Russia's National Project "Housing and Urban Environment," which was approved in 2018. The National Project aims to improve living conditions across Russia by increasing affordable housing construction and expanding mortgage-backed lending through various incentive schemes.

The bank acts as the operator for multiple federal mortgage programs that have benefited approximately 4 million citizens receiving mortgage loans, with about 15 million people investing in housing through these programs. The bank ranks among the top 3 leaders in lending volume under the Far Eastern Mortgage and Family Mortgage federal programs.

Through its project financing activities, DOM.RF Bank supports housing construction on inefficient land plots, having already developed approximately 35,000 hectares of land with a potential of around 35 million square meters of housing. The bank's mechanisms are targeted to construct 100 million square meters of housing by 2030, representing 10% of Russia's housing construction portfolio.

The bank also manages rental housing programs, being Russia's largest landlord with approximately one million square meters available for citizens and students. It has completed the Presidential assignment to provide 10,000 apartments in the Far East, financing 11,000 apartments in the region and investing 87 billion rubles in this initiative.

Question 9

How does DOM.RF Bank support small and medium businesses?

Accepted Answer

DOM.RF Bank has developed a comprehensive ecosystem for supporting small and medium-sized business (SMB) enterprises in Russia. The bank provides the full spectrum of products and services for SMB clients, participating in government support programs while also offering proprietary banking solutions.

Between 2022 and 2023, the bank achieved significant growth in its SMB segment, increasing its client base by 25% and expanding lending volumes by 40%. This growth propelled DOM.RF Bank into the top 5 Russian banks by SMB lending volumes, demonstrating its commitment to supporting entrepreneurs and growing businesses.

The bank's participation in state SMB support programs, combined with internally developed financial products, allows it to offer competitive financing solutions tailored to the needs of small and medium enterprises. This support extends across various sectors, with particular strength in businesses related to housing construction, development, tourism infrastructure, and related industries that align with the bank's strategic focus areas.

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