DD Konut Finansmanı Headquarters
| Address: |
Büyükdere Cad. Yapı Kredi Plaza B Blok Kat:5 Levent İstanbul TÜRKİYE
PK: 34330 |
| Tel: |
0212 385 44 00 |
| Fax: |
0212 269 97 97 |
| Web: |
www.ddm.com.tr |
DD Konut Finansmanı A.Ş. (DD Mortgage) was established in April 2006 by Doğan Group. In July 2007, 49 percent of the shares in the company were sold to Deutsche Bank A.G. Upon enactment of the Mortgage Law No. 5582 in March 2007, the company filed a license application with the Banking Regulation and Supervision Agency (BRSA) and commenced its mortgage-related business upon receipt of the operating license in June 2008. After receiving BRSA approval to serve as an insurance agent, DD Mortgage began to sell insurance policies in July 2009 and the company is now able to meet the insurance needs of customers in conjunction with their mortgage loans.
DD Mortgage is the first mortgage company operating under the Mortgage Law in Turkey. The company strives to become the leading mortgage company in the country by offering products suitable for every aspiring homeowner. DD Mortgage’s competitive advantages include its expert staff, speed in service delivery, technological infrastructure and quality service orientation.
While mortgage loans grew rapidly in 2010, DD Mortgage reviewed all its operational processes in terms of processing speed and service quality and took actions to improve them. As a result, the Company increased its business volume by 50 percent with its single office in Istanbul and almost doubled its total mortgage loans compared with 2009. Expanding its market share in new mortgage loans in Istanbul by 20 percent, DD Mortgage also extended its activities in those areas of the city where the housing market is rapidly developing, to contribute to its business volume.
The portfolio sales made by DD Mortgage in 2010 were a first in the mortgage market and set an example for similar activities in this area. DD Mortgage also issued 3-year term corporate bonds of 50 million TL in 2010 and extended the average maturity period. DD Mortgage is the first housing finance company established in Turkey, as well as the first company to issue bonds in the mortgage industry.
Based in Istanbul, DD Mortgage conducts sales through its offices, the Internet, a call center and with the assistance of a direct sales team. The company markets its product offerings through property development projects, real estate agencies and the Internet. In 2010, the Company built up its direct sales team and started to use its agency channel more actively. It also extended its activities into the areas of Istanbul where the housing market is developing rapidly, through its construction projects and agency channel. The Company improved its insurance and agency infrastructure and increased its mortgage-related insurance activities. Additional functions were integrated into the online branch, which provides distinctive mortgage practices, and innovation was brought to online branch operations in the mortgage segment.
Operating as a joint venture of Doğan Group and Deutsche Bank A.G., DD Mortgage benefits from the media and retail power of Doğan Holding, and capitalizes on Deutsche Bank’s experience in international financial markets. DD Mortgage is a member of the Association of Real Estate Investment Companies (GYODER) in Turkey, the Mortgage Bankers Association (MBA) in the United States, and the European Mortgage Federation (EMF) in Europe.
www.ddm.com.tr