Sviaz-Bank Leads in Growth of Portfolio of Loans to Individuals
OREANDA-NEWS. September 07, 2011. Sviaz-Bank has been named fifth by Bankir.ru News Agency in its rankings of Top 100 Russian banks in the growth of their portfolios of loans they made to individuals in the period of May 2010 to May 2011, reported the press-centre of Sviaz-Bank.
According to the Agency’s figures, Sviaz-Bank’s portfolio of loans to individuals more than quadrupled over the period covered by the survey to 6.8 billion rubles as of May 1, 2011, at an average of almost 24 million rubles in new loans per banking office. The Bank has 216 offices, including branches, representative offices, backup offices, and cash offices and desks, across the country.
The fourfold growth in the loan portfolio was achieved through step-by-step introduction of new products and services for individual customers. New consumer credit and mortgage programs and lending programs for car buyers were launched in midyear 2010.
The Bank is set to follow this course in developing retail lending operations, with focus on making them easily accessible and offered on a large scale so as to speed up the growth of its loan portfolio.
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