In the course of preparation for a securitization deal mortgage agent MBS Factory (an AHML subsidiary) and Sberbank signed an agreement to buy/sell a pool of mortgage loans worth Rub 50 bln.

The documents are to be submitted to the Bank of Russia for registration.

"The sale of the pool of mortgage loans will have no effect on the quality of customer services because Sberbank reserves all the functions related to the communication with mortgage borrowers," the bank's press service noted.

The structure of the deal constitutes a new one-tranche securitization instrument that is 100% guarantees by the AHML.