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Société Générale enters Russian mortgage market

Delta Private Equity, a Russian private equity house, is poised to generate four times its money from the $100m (€80m) sale of DeltaCredit Bank, a Moscow-based mortgage lender, to Société Générale.

DeltaCredit Bank, formed in 2000, has originated over $200m in mortgages to become Russia's leading domestic mortgage lender and employs 128 staff.

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