For general information and enquiries
- Subscribe
- Ask a question
Real estate development
Оne of VTB’s most important business lines is supporting residential and commercial real estate development. This sector makes up more than 15% of the overall loan portfolio. This business line is part of the remit of a separate department of the bank, the Department of Construction Projects (DCP), which was established in 2009.
The DCP is responsible for financing the following real estate segments:
- residential real estate (
mass-market affordable housing, upscale and elite residential projects); - commercial real estate (offices, retail, hotels, warehouses).
The DCP consists of two subdivisions:
- Project Finance Division — responsible for interaction with clients while preparing the bank’s product and subsequently providing support and relevant services;
- Service for Coordination of Construction Projects — responsible for
pre-loan project analysis. It checks that the project has the required permits and that the project revenues have been estimated correctly. It studies the project budget, funding, taxes, etc. The service also monitors the project after the loan has been issued to ensure that the sales and construction schedule is being followed and the budget limits observed.
