AFI Development Competitors

Sberbank today is the largest credit institution in Russia and CIS, accounting for about a quarter of the aggregate Russian banking assets and a third of banking capital

PIK Group was founded in 1994. Since that time, it has become one of the leading Russian developers of large-scale public housing projects in Moscow, Moscow Region and other Russian regions. The Group deals mostly in prefabricated panel construction, and its priority is construction and sale of affordable housing. As of December 31, 2016, the Group’s land bank was 12.5 m sq. m. Since its inception, PIK Group has built about 16 m sq. m of residential real estate (more than 270,000 apartments). The company is on the list of strategic enterprises of the Russian economy.

LSR Group is a real estate and building materials company, established in 1993 in St. Petersburg and operating in a number of complementary market segments. The integrated business model combining two areas of business – real estate development and construction and building materials and aggregates – provides a strong competitive advantage in the Russian market. The company unites business units for production and transportation of building materials, extraction and processing of aggregates, construction and real estate development – from mass-market to elite residential properties. Currently the company operates in three key regions: - St. Petersburg and the Leningrad region, - Moscow and the Moscow region, - Yekaterinburg and the Urals region. LSR Group is an open-joint company, and owns 100% of its subsidiaries. In November, 2007 OJSC LSR Group held initial public offering (IPO) and became a public company – today its GDRs are traded on the London Stock Exchange and its ordinary shares are traded on MICEX-RTS.