BJF Bank

United Industrial and Trade Bank was founded in 1994 on the initiative of the construction and development company PIK. Three years later, in 1997, the organization was transformed into a CJSC (Closed Joint-Stock Company), and in 2005 it was renamed Housing Finance Bank.

During the crisis of 2008–2009, when mortgage volumes declined, the bank faced a drop in demand for housing and its realization. As a result, the organization was forced to turn to AHMR (Agency for Housing Mortgage Lending Restructuring) and restructure part of its loan portfolio. This made it possible to conclude an agreement with the agency, sell some of the loans, and ensure stability.

In 2015, the bank's legal structure was changed to a JSC (Joint-Stock Company). The following year, in 2016, Housing Finance Bank, together with AHML (Agency for Housing Mortgage Lending), issued and placed single-tranche mortgage bonds for a total amount of 5.5 billion RUB.

In 2017, the company launched an electronic registration service for mortgage transactions. In 2018, the organization was hacked by the Cobalt cybercriminal group, which withdrew about 100,000 USD from the bank's accounts.

In 2019, Housing Finance Bank underwent a rebranding, as a result of which the company changed its name to Bank BJF and launched a new website.

50% of the company's shares are owned by Kirill Valerievich Pisarev. Another 50% is owned by Yury Vladimirovich Zhukov. As for the bank's management, the Chairman of the Management Board of BJF Bank is Ilya Sergeevich Zorin.

The main focus of BJF Bank is mortgage lending. However, regular consumer loans and savings deposits are also available to the credit organization's clients. 

Mortgage

Among the mortgage lending programs, borrowers have access to the following:

• secondary market mortgage;
• family mortgage;
• preferential mortgage;
• additional mortgage amount.

Lending

If clients need a regular consumer loan, they can apply for:

• cash loan;
• loan refinancing;
• business development loan. 

Deposits

To save personal funds at BJF Bank, the following deposits are available:

• "Profitable with Prolonagtion";
• "Successful";
• "Classic with Prolongation";
• "Classic Spring";
• "Special Hit";
• "Dokhordny" (Profitable);
• "Profitable Income with Prolongation". 

Advantages of the credit institution:

1. BJF Bank offers mortgage loans for various types of real estate, such as apartments, private houses, land plots, and so on. Mortgage interest rates are quite advantageous on the banking market. 
2. The company provides the opportunity to obtain a mortgage for various categories of borrowers, including those with a bad credit history or without official income. Moreover, the mortgaged property can be either newly built or secondary housing.
3. At BJF Bank, it is possible to use maternity capital to pay the initial mortgage down payment or to repay an existing mortgage loan.
4. The organization simplifies the mortgage application procedure by accepting online client applications and conducting the entire procedure digitally. In addition, the company guarantees the security and transparency of all lending-related transactions.
5. BJF Bank allows clients to submit mortgage applications without leaving home via the internet or mobile application. After filling out the application form, the bank promptly reviews it and makes a decision on issuing the loan.
6. After submitting a mortgage application, the client is assigned a personal manager who assists them at all stages of loan processing and resolves any emerging issues.
7. BJF Bank is a leader in the mortgage lending market and is among the top banks by the volume of issued mortgage loans in Russia.