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About the company PJSC DOM.RF

Security page

DOM.RF is a state development institution in the housing sector. It is at once a bank, the operator of mortgage support programmes, the guarantor that troubled residential buildings get completed and the manager of federal land plots intended for development. Its shares trade on the Moscow Exchange under the ticker DOMRF.

What the company does

This combination of functions is rare, and it has to be understood piece by piece. The banking part works like an ordinary bank: it issues mortgages and lends to developers, earning an interest margin.

The second part is the operator role. The company administers state mortgage programmes, issues mortgage-backed securities and buys mortgage notes from banks. This mechanism is called securitisation: a bank hands over a portfolio of mortgages, gets its money back and issues new loans, while the risk and the income on the portfolio pass to the buyers of the securities.

The third part is not financial at all: bringing federal land into use and completing projects abandoned by developers that went bankrupt. This is work carried out on the state's instruction, and it cannot be judged by banking logic.

Business lines

  • Bank

    Mortgages for households and project finance for developers.

  • Mortgage-backed securities

    Buying mortgage notes from banks and issuing securities backed by them.

  • State programmes

    Administration of subsidised mortgage programmes.

  • Land and infrastructure

    Bringing federal land plots into housing construction.

History

  1. 1997The Agency for Housing Mortgage Lending, the company's predecessor, is established.
  2. 2018Transformation into a development institution with expanded functions and the current name.
  3. 2020-еAdministration of mass-market subsidised mortgage programmes.

Business review

Strengths and weaknesses describe the business itself. Opportunities and threats describe what may happen around it.

Strengths

  • State status and access to the federal land resource, which competitors cannot replicate.
  • The role of operator of subsidised programmes provides a steady flow of transactions.
  • Securitisation frees up banks' capital and develops the market for mortgage securities.
  • Housing policy is a long-term state priority.

Weaknesses

  • Its functions are set by the state and change along with policy, not by a decision of management.
  • Completing troubled projects is an obligation with non-market economics.
  • The winding-down of subsidised programmes reduces the volume of administration work.
  • A high interest rate hits mortgage demand and project finance at the same time.

Opportunities

  • The need to renew the country's housing stock is large and is backed by its status as a state priority.
  • Mortgage securitisation is poorly developed: the market has room to grow.
  • The land resource the company manages cannot be replicated by competitors.
  • A lower interest rate revives mortgage lending and project finance at the same time.

Threats

  • The functions of a development institution are set by the state and may change along with policy.
  • The winding-down of subsidised mortgage programmes reduces the volume of administration work.
  • Completing troubled projects is an obligation, not a choice, and its economics are not market-based.
  • High interest rates reduce mortgage demand and make project finance more expensive.

Frequently asked questions

What does DOM.RF do?

The company issues mortgages and lends to developers, administers state mortgage programmes, issues mortgage-backed securities, brings federal land into development and completes troubled residential buildings.

What is a development institution?

A state organisation created to solve a problem that the market does not solve on its own: here, to make housing more affordable. That is why it has both commercial functions and instructions from the state, which cannot be judged by profit.

What is mortgage securitisation?

A bank hands over a portfolio of mortgages it has issued and receives money for it, and securities are issued on the basis of that portfolio. The bank frees up capital and issues new loans, while the income and the risk on the old ones pass to the holders of the securities.

Information as of 24 August 2026

Business description and risk factors. Not investment advice.

Issuer profile

What the company does

The company is classified under the «Banks» sector, using the taxonomy we apply when comparing securities with one another.

The same sector holds 12 issuers on the platform, and their figures are computed by one method — so this company's revenue, profit and leverage can be compared with them directly.

The company is registered in Russia and identified in regulatory disclosure by tax number 7729355614. That number locates its statements in state registries regardless of how its name is spelled — and the spelling differs even between official documents.

Listed securities

The issuer has 26 securities listed: 1 share class, 25 bond issues. All are shown on this page, including those trading in different modes and different currencies.

A further 1 security have already matured or been delisted. They stay in the list below deliberately: together they show how long the company has been borrowing on the market and how regularly it repays.

Across Moscow Exchange quotation list levels the securities split as follows: 25 at level 1. The level reflects how strict the disclosure, turnover and track-record requirements the issue meets are — not how attractive the investment is.

Bond issues

The nearest issue matures on 18 October 2026 and the farthest on 13 November 2050. That spread means the issuer borrows both short and long, and the yields of these issues will differ for the simple reason that the money is lent for different terms.

The largest issue by face value is RU000A0JQAM6, with a face value of 1,000.00 ₽ per bond, maturing on 15 September 2028. Bond prices in the order book are quoted as a percentage of face value, so a quote of 98.4 means 98.4 % of that amount rather than an absolute price.

Dividend history

The issuer has made 1 payout whose record date has already passed. Recommendations and forecasts are not counted here.

The most recent payout was 246.88 ₽ per security with a record date of 20 July 2026. That is the amount before tax: the broker withholds it on crediting, so less arrives in the account.

Financial statements

The most recent annual report we hold is for 2025 under IFRS. The standard is named for a reason: IFRS and RAS compute the same quantities by different rules, disagree by design and are never averaged.

Net income for 2025 was 88.70B ₽.

Equity stands at 469.70B ₽ against total assets of 6.42T ₽. The difference between the two is the company's liabilities, and the larger it is relative to equity, the more the business depends on borrowed money.

This section is assembled from our own data on the company's securities, dividends and financial statements. It is a description, not a recommendation.

Securities of this issuer

Shares1

Bonds26