Retail Loan Portfolio of MDM Bank Exceeds USD 1 Billion
OREANDA-NEWS. The retail loan portfolio of MDM Bank exceeds USD 1 billion as of today. The Bank’s retail loan portfolio mostly consists of autoloans, where MDM Bank is retaining the leadership position.
In 2006 the Bank managed to double its auto loan portfolio that reached USD 841 million by the end of the year.
Mortgage lending is another strategic priority of the retail business of MDM Bank. In 2006 the Bank managed to increase the mortgage loan portfolio by three times, up to USD 94.4 million. At present MDM Bank offers programs for lending to individuals for purchase of residential real estate in the primary and secondary markets, as well as for purchase of detached residential houses and townhouses.
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