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Thursday, August 24, 2017

Rosbank, DeltaCredit top five Russian banks in mortgage banking markets

Russia's Rosbank announced recently that the bank, held in majority by Societe Generale, and subsidiary DeltaCredit were among the top five banks in the mortgage and private banking markets in the first half of this year.

The banks have so far provided mortgage loans totaling $6 billion, making it the fourth largest mortgage provider, according to data from the Rusipoteka analytical center.

Rosbank said that starting next month, it will sell DeltaCredit mortgage products to its customers in order to take advantage of the subsidiary's expertise in product design, sales and marketing, and customer service.

Founded in 1993, Rosbank is one of the 10 largest Russian banks in terms of assets.