Moscow Mortgage Agency (MMA)

History

2020: Consolidation with Solidarnost bank

After sale from the municipal property of Moscow Mortgage Agency (MMA) bank it is integrated with Solidarnost bank which was sanified through Zarubezhenergoproyekt by Vadim Kumina.

Paid for MIA stocks of Zarubezhenergoproyekt which faced billion claims.

At bank all ratings of Moody's are lowered and withdrawn, and its management was left by the son of the former head of Presidential Administration Ilya Voloshin.

2013

CB MIA (JSC) is the bank providing the wide list of services in crediting of physical persons and legal entities. One of priority activities of CB MIA (JSC) is implementation of social mortgage programs of Moscow. 100% of stocks of CB MIA (JSC) belong to the city of Moscow. The bank is one of market leaders of mortgage lending in the capital region. License of the Central Bank of the Russian Federation No. 3344.

2011

On November 28, 2011 it became known that the Moscow Mortgage Agency (MMA) bank belonging to authorities of the capital prepares for obtaining the license for attraction of deposits. For a start the license is useful to MIA to perform the operations independent of Bank of Moscow, after MIA can begin active attraction of deposits.

As explained RBC daily^[1] the bank representative Yaroslav Romanov, in MIA several years are engaged in obtaining the license, the final output is expected at the beginning of 2011. According to him, participation in deposit insurance system will allow to open personal accounts of borrowers, now under the law MIA has no right to open such accounts therefore uses transit accounts in Bank of Moscow.

"In the nearest future attraction of deposits will not develop as business, but if the corresponding order of the management arrives, we will actively develop this direction" — Yaroslav Romanov noted.

Desire of MIA in the future to attract deposits is unsurprising: now sources of funding of bank are not diversified. According to the reporting under RAS for October 1, liabilities of Moscow Mortgage Agency make 3.516 billion rubles from which 3.244 billion rubles are the share of the issued ruble bonds.

Estimating the structure of funding, the bank for certain looks at market conditions on rates, the head of TKB Capital analysis department Maria Kalvarskaya notes: "Many small banks postpone entry into the debt market because of not really favorable conditions now". According to her, in case of attraction of deposits from the population of a rate at MIA will hardly be high. "It is less rate on a mortgage, than on the consumer credits therefore also the cost of funding should be small" — Mrs. Kalvarskaya notes.

It is possible that the capital government strengthened the interest in Moscow Mortgage Agency in connection with sale of Bank of Moscow. In the last the city owned a little more than a half, MIA belongs to department of property completely.

The only shareholder of MIA is the capital department of property. The Board of Directors of bank of Moscow Mortgage Agency includes seven officials from the Moscow government and City Council.

1999: Creation of bank for development of mortgage lending in Moscow

The bank was created in 1999 for development in Moscow of social mortgage lending.

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