Retail Lending Portfolio of Tatfondbank Grew by 20%
OREANDA-NEWS. April 16, 2012. AIKB Tatfondbank considered its performance in the first quarter of 2012. The Bank’s retail lending portfolio increased by more than 20% for the first three months of the year and totalled, as at 1 April 2012, RUB 9.9 billion. All in all, over 16 500 loans were issued to retail customers over this period. Customer loans account for the major portion of the retail loan structure, reported the press-centre of Tatfondbank.
The corporate lending portfolio has increased by 6% in the first quarter and totalled, as at 1 April 2012, RUB 45.9 billion. In general, the Tatfondbank’s lending portfolio has increased by 8% over the first quarter of 2012 and currently totals RUB 55.8 billion.
As at 1 April 2012, Tatfondbank’s assets have exceeded RUB 86 billion.
In the first quarter, the Expert RA Rating Agency confirmed the rating of creditworthiness of Tatfondbank at A level (high level of creditworthiness). In addition to this, the agency has improved the outlook on the rating to positive from stable. The positive factors that influenced the rating included, inter alia, the positive public credit history, stable and diversified funding base as per sources and terms, the strong competitive positions of the Bank, and the broad geography of its activities.
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