OREANDA-NEWS. July 30, 2010. In June 2010, Raiffeisenbank exhibited solid growth in its retail credit portfolio, which grew by 2.3%. On this metric, Raiffeisenbank exceeded the market average for the first time in six months, reported the press-centre of Raiffeisenbank.

Starting in March of this year, the retail credit portfolio has grown steadily on a month-to-month basis. The uncollateralised credit portfolio was the main contributor to growth, increasing by 4.4%. In addition, the mortgage portfolio grew by 0.6%.

The large volume of unsecured loans and mortgages issued in June 2010 was achieved by consistently implementing Raiffeisenbank’s strategy, which is based on building mutually beneficial long-term partnerships with clients. Following this approach, Raiffeisenbank offered unique terms to clients, including mortgage rates starting at 10% and consumer credit rates from 13.5% and up.

"Our success in June is no accident, but a testament to the validity of our approach. We build long-term partnerships with our clients, and that’s Raiffeisenbank’s strategy of choice" — noted Andrey Stepanenko, Member of the Board of Raiffeisenbank, Head of Retail Private Individuals Directorate.