What DOM.RF does

DOM.RF (ПАО «ДОМ.РФ») is a Russian state-owned financial development institution founded in 1997 that operates as the central policy and capital vehicle for Russia's housing sector. It combines a universal mortgage-and-construction bank (Банк ДОМ.РФ), the operator role for federal subsidized mortgage programs (Семейная, Льготная, Дальневосточная ипотека), mortgage-backed securities issuance, infrastructure bond financing (via СОПФ), land and real estate auctions, rental housing operations, urban master planning, and a wholly-owned elevator manufacturing subsidiary (ЩЛЗ). The group serves individuals seeking mortgages and rental housing, real estate developers requiring project financing and escrow-account oversight, SMEs in the construction value chain, federal and regional governments implementing housing programs, and investors participating in land and securitization markets.

The company's technology backbone centers on the Unified Information System of Housing Construction (ЕИСЖС / Nash.DOM.RF), which tracks over 119 million square meters of construction, developer data, escrow accounts, and bank ratings; a proprietary Housing Price Index tracking new-build, secondary, and regional prices; and a federated digital ecosystem spanning a mortgage platform, rental listings platform (Аренда.дом.рф, ~3,000 furnished apartments), land auctions (Земля.дом.рф), developer verification, and citizen support services (Спроси.дом.рф). Distribution runs through Банк ДОМ.РФ's own digital and branch channels, an authorized-organization network, and integration with the state services portal Госуслуги.

Revenue is generated through a combination of net interest income and fees from banking operations (project financing, corporate and SME lending, retail mortgages, deposits), placement fees on mortgage-backed and infrastructure bond issuances, transaction fees from land and property auctions, recurring rental income from the furnished-apartment portfolio, asset management fees, and government compensation for administering subsidized mortgage programs. Group assets stand at approximately 9 trillion rubles with a 37% CAGR from 2021 to 2025, net profit of 49.0 billion rubles for the first five months of 2026 was up 59% year-over-year at 23.8% ROE and a 22.7% cost-to-income ratio, and AAA(RU) / ruAAA credit ratings were reaffirmed by AKRA and Expert RA in mid-2026. A planned IPO on the Moscow Exchange targets up to $370 million in additional capital.

Name

DOM.RF

Legal name

Публичное акционерное общество «ДОМ.РФ»

Website

https://xn--d1aqf.xn--p1ai

Company type

Private

Founded year

1997

Operating status

Operating

Headcount range

51–100 employees

Short description

DOM.RF is a Russian state-owned financial development institution (founded 1997) that operates a universal mortgage bank, administers federal subsidized mortgage and infrastructure bond programs, manages the ЕИСЖС housing transparency platform, and runs land auctions and rental housing, serving individuals, developers, SMEs, and regional governments.

Ownership category

akta.pro rank

Product category

Government-Sponsored Housing Finance and Mortgage Lending

NAICS

Lessors of Real Estate (5311), Residential Property Managers (531311)

SIC

Real Estate (6500), Real Estate Agents & Managers (For Others) (6531)

akta.pro primary industry

Affordable Housing / Down Payment Assistance (DPA) Mortgage Origination (FSALAAAM)

akta.pro secondary industries

Single-Family Rental (SFR) Property Management (BPAJAFAB), Affordable & Subsidized Housing Property Management (LIHTC, Section 8) (BPAJAFAD)

Keywords

• Government housing finance
• Mortgage lending services
• Real estate development
• Infrastructure bond issuance
• Escrow account management

Headquarters

HQ city

Moscow

HQ country

Russia

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales, Supply Chain

Revenue model

1. Banking Business: DOM.RF generates revenue through its banking arm (Банк ДОМ.РФ) which provides project financing for developers, corporate banking, SME lending, retail mortgage lending, and capital markets operations. Net profit of 49.0 billion rubles for 5 months 2026 (+59% YoY) demonstrates strong earnings from these operations.
2. Land and Real Estate Auctions: DOM.RF sells and rents land parcels and real estate objects through auctions, including federal property, private land in Khimki, New Moscow, and other regions. Revenue from property sales and rental.
3. Mortgage Securities (Ипотечные облигации): DOM.RF as mortgage agent issues and manages mortgage-backed securities, developing the Russian securitization market. In June 2026, DOM.RF placed two new mortgage bond issuances totaling 44 billion rubles.
4. Infrastructure Bonds (Инфраструктурные облигации): DOM.RF (via СОПФ Агент) issues infrastructure bonds to finance engineering, transport, social and IT infrastructure development, providing subsidized financing for regional infrastructure projects.
5. Asset Management: DOM.RF Asset Management (Управление активами) manages financial assets and investments on behalf of the institution and its clients.
6. Government-Subsidized Mortgage Programs Administration: As operator of state housing support programs, DOM.RF administers subsidized mortgage programs (Семейная ипотека, Льготная ипотека, Дальневосточная ипотека) earning fees for program administration and credit portfolio management.

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels7 records

Core offering

DOM.RF is a state-owned integrated housing development institution that administers state-subsidized mortgage programs and serves as operator of escrow accounts under Federal Law 214-ФЗ, issues mortgage-backed securities and infrastructure bonds, provides project and SME financing through its subsidiary Банк ДОМ.РФ, develops residential real estate, auctions federal and municipal land and property, operates rental housing, and runs national digital platforms for housing market transparency including ЕИСЖС and the Housing Price Index.

Product overview

ДОМ.РФ — государственный финансовый институт развития в жилищной сфере, основанный в 1997 году. Деятельность компании охватывает весь цикл жилищного рынка через портфель взаимосвязанных продуктов и сервисов. Ядро экосистемы составляют основной портал ДОМ.РФ (xn--d1aqf.xn--p1ai) как центральный хаб и Банк ДОМ.РФ как универсальный ипотечно-строительный банк. Экосистема включает специализированные цифровые платформы: НАШ.ДОМ.РФ (ЕИСЖС) для данных о жилищном строительстве, СПРОСИ.ДОМ.РФ для информационной поддержки граждан, Аренда.дом.рф для арендного жилья, Земля и Недвижимость ДОМ.РФ для торгов земельными участками, а также инструменты секьюритизации (Ипотечные облигации) и инфраструктурного финансирования (СОПФ). Дополняют портфель оператор ипотечных государственных программ, аналитические сервисы (Индекс цен на жильё), образовательная платформа (ДОМ знаний), девелоперская деятельность (ДОМ.РФ Девелопмент), программа сохранения культурного наследия (Наследие.дом.рф), направление городской среды и производственное подразделение Щербинский лифтостроительный завод. Это многоуровневая платформенная архитектура с центральным порталом и множеством специализированных цифровых продуктов, объединённых общей миссией развития жилищной сферы.

Differentiator

Problem solved

Functional benefit

Brands

• Банк ДОМ.РФ: Universal mortgage and construction bank offering project financing, corporate banking, retail services, and SME products
• ДОМ.РФ Девелопмент
• Аренда.дом.рф
• Спроси.дом.рф
• Наш.дом.рф
• Стройм.дом.рф
• Щербинский лифтостроительный завод
• Земля.дом.рф
• Ипотечные облигации ДОМ.РФ
• ДОМ знаний
• Академия ДОМ.РФ Технологии

Products and services

• Банк ДОМ.РФ (Bank DOM.RF) — Mortgage, SME and corporate banking Universal banking offering covering retail mortgage origination (including subsidized programs), SME credit and deposit products, and corporate banking services to real estate developers and other Russian businesses. Serves individual mortgage applicants as well as enterprise clients.
• ДОМ.РФ Девелопмент (DOM.RF Development) Real estate development arm of DOM.RF that designs, builds and sells residential and mixed-use projects through joint ventures and direct development. Customers are end-buyers of completed property and partner developers of new projects.
• Щербинский лифтостроительный завод (Shcherbinka Elevator Plant, ЩЛЗ) Manufacturing plant owned by DOM.RF that produces elevator equipment, lifting machinery, and electromechanical components for residential and commercial buildings. Customers are construction firms, developers, and property managers in Russia.
• Ипотечные облигации ДОМ.РФ (ИЦБ) — Mortgage-Backed Securities issuance programme with «Ипотечный стандарт» Securitisation programme through which DOM.RF pools single-family mortgage loans into MBS and issues standardised bonds to institutional investors under the «Ипотечный стандарт» framework. Customers are banks, asset managers, pension funds, and insurance companies seeking Russian-ruble paper.
• СОПФ «Развитие инфраструктуры» — Infrastructure Bonds programme Issuance of long-tenor infrastructure bonds by DOM.RF to fund housing and urban infrastructure projects across Russian federal subjects. Customers are Russian institutional investors and federal/regional authorities seeking infrastructure finance.
• Земля и Недвижимость ДОМ.РФ — Land and Real Estate Auctions Platform Federal auction platform used by government bodies to dispose of land plots and real estate assets and by buyers (developers, businesses, individuals) to bid on federal and municipal property. Customers are federal/municipal sellers and bidders across Russia.
• Аренда.дом.рф (Arenda.dom.rf) — Rental Housing service DOM.RF's rental housing offering that leases apartments in its own residential projects and selected partner properties to individual and corporate tenants, with digital lease management. Customers are individual tenants and corporate relocation programmes.
• Наш.ДОМ.РФ / ЕИСЖС — Unified Housing Construction Digital Platform National digital ecosystem aggregating residential new-build listings, escrow-account statuses, developer disclosures, buyer reviews, and price analytics mandated under Federal Law 214-ФЗ. Customers are consumers searching for new-build property, regulators, and developers using it for compliance.
• Спроси.ДОМ.РФ — Housing Market Reference and Consultation Service Reference, consulting, and analytics offering that publishes market indicators (including the Индекс цен на жильё / Housing Price Index) and provides consumer-facing housing-market advisory services. Customers are individual consumers, journalists, analysts, and government bodies needing reliable market data.
• Городская среда ДОМ.РФ — Master Planning and Urban Environment Service DOM.RF service line that develops master plans, design codes, and urban-environment standards for Russian municipalities and federal subjects. Customers are city administrations and regional governments contracting for planning services.
• Оператор ипотечных госпрограмм (State Mortgage Programs Operator) DOM.RF's statutory role as the operator of Russia's federal subsidized mortgage programmes, including family mortgage (6%, large families with subsidy), IT mortgage (5% for technology-sector employees), secondary-market mortgage, ARMY mortgage, Far East / Arctic / ZATO mortgage, rural mortgage, and apartment-block demolition resettled mortgage. Customers are Russian homebuyers applying through partner banks.
• Наследие.дом.рф — Cultural Heritage Restoration Lending Preferential long-term lending programme for restoration and adaptation of cultural-heritage buildings at rates up to 3%. Customers are owners of heritage properties, restoration foundations, and municipal heritage bodies.

Quantifiable outcome

• 49.0 billion rubles net profit in 5 months 2026 (+59% YoY)
• +3 more outcomes

Named customers7 records

Segments5 records

Ideal customer profiles6 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

One partnership is on record.

• Щербинский лифтостроительный завод (ЩЛЗ)coreStrategic or Co-development Partner · 3 July 2026DOM.RF owns and operates the Щербинский лифтостроительный завод (ЩЛЗ / Shcherbinka Elevator Plant), a Russian elevator manufacturing facility producing gearless winches and other elevator components. By July 2026, ЩЛЗ had produced over 3,200 gearless winches of its own manufacture. This is a subsidiary/strategic asset within DOM.RF's non-banking business unit.

Scale indicators11 records

Recent moves7 records

Expansion highlights6 records

Broad incumbents

• China Development Bank: Chinese state-owned policy bank financing national development priorities including urbanization and housing. CDB shares DOM.RF's model of state-directed development finance, policy bank status, and infrastructure bond issuance for strategic sectors.
• Freddie Mac: US GSE that purchases, securitizes, and sells mortgages, comparable to DOM.RF's mortgage-backed securities issuance program. Freddie Mac's housing finance model with implicit government backing closely parallels DOM.RF's state-backed role in Russian housing finance.
• Fannie Mae: US government-sponsored enterprise (GSE) with a charter to provide liquidity and stability to the US housing market through mortgage securitization and secondary market activities. Fannie Mae is the closest international analog to DOM.RF's combined mortgage finance, MBS issuance, and state-mandated housing mission.
• KfW: German state-owned development bank providing promotional financing for housing, infrastructure, and SME lending. KfW's mandate-driven, state-backed model of combining development finance with policy implementation mirrors DOM.RF's role in Russian housing and infrastructure financing.

Direct peers

• Gazprombank: Major Russian state-connected bank with significant mortgage origination, corporate lending, and project finance activities. Gazprombank overlaps with DOM.RF in serving large developers and corporate clients in the housing and infrastructure sectors.
• VTB Group: Russia's second-largest state-owned bank with a substantial mortgage business and project financing for real estate developers. VTB competes directly with DOM.RF across mortgage origination, corporate lending to developers, and government-related financial services.
• Sberbank: Russia's largest bank and dominant mortgage originator, directly competing with Банк ДОМ.РФ in retail mortgage origination, project financing, and corporate banking. Sberbank is the #1 mortgage lender in Russia and offers a comparable suite of housing-related financial products to developers and consumers.
• VEB.RF (ВЭБ.РФ): Russian state development corporation (formerly Vnesheconombank) with a comparable mandate to finance strategic sectors of the Russian economy. Like DOM.RF, it combines banking, project finance, and government program administration under state ownership with similar governance and funding dynamics.
• Promsvyazbank: Russian state-owned bank supporting strategic sectors including defense and infrastructure. Promsvyazbank shares the state-bank profile with DOM.RF and overlaps in corporate lending to construction and infrastructure-related enterprises.
• Alfa-Bank: Russia's largest privately-owned bank with a meaningful mortgage business and corporate banking franchise. Alfa-Bank competes with Банк ДОМ.РФ in retail mortgage origination and SME banking for housing-related businesses.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/domrf
• LinkedInlinkedin.com/company/open-joint-stock-company-the-agency-for-housing-mortgage-lending

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries13 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about DOM.RF