OREANDA-NEWS. National Rating Agency has affirmed its 'A+' credit rating on Housing Finance Bank (ZhilFinance) with a stable outlook.

On March 12, 2009, the bank was assigned NRA's first-time 'A-' credit rating. The latest rating action on ZhilFinance (the credit rating affirmation at 'A+') was on March 4, 2015.

ZhilFinance is a monoline mortgage lender operating based on full banking license No. 3138. It is also licensed as a professional stock market participant and is a member bank of the Deposit Insurance System. ZhilFinance's key counterparty is the state-owned Agency for Housing Mortgage Lending (AHML) that partners with the bank to provide mortgage refinancing and develop housing mortgage lending programs. The bank has a highly skilled management team headed by Nikolay Shitov, Chairman of the Board of Directors, and Ruslan Iseev, Chairman of the Management Board.

The bank has presence in 18 Russian regions and operates four branches - in Nizhny Novgrod, Omsk, Krasnodar and Kaliningrad, as well as 13 smaller outlets in large Russian cities. ZhilFinance is headquartered in Moscow.