OREANDA-NEWS. October 15, 2012. The volume of loans made available by Bank Petrocommerce to SMEs during 9 months 2012 exceeded RUR 1.5 bln vs. approximately RUR 100 mln as at year-start.

"We penetrated the SME lending market at the beginning of 2012, and today we have achieved significant results, which allow us to expect further development of this business segment, — says Victor Okopny, Director of small entities lending department. — By year-end, we expect the portfolio to reach RUR 2 bln, and in the mid-term we intend to rank among the top 10 banks by market share. We have all the prerequisites for this — a large regional network, universal products, top-notch technologies. The quality of our loan portfolio is at a quite high level, overdue debt is virtually non-existent and we intend to maintain this indicator going forward".

Today, the Bank’s product range comprises all the classical types of SME loans: unsecured loans (including overdrafts), loans for business development, acquisition of vehicles, equipment, real estate, etc.

SMEs are offered services in 23 cities: Kaliningrad, Kirov, Surgut, Tomsk, Chelyabinsk, Arkhangelsk, Penza, Samara, Saratov, Krasnodar, Lipetsk, Novosibirsk, Syktyvkar, Ufa, Cheboksary, Astrakhan, Volgograd, Nizhny Novgorod, Novorossiysk, Perm, Rostov, Sochi, Tyumen. By the end of 2012, the Bank plans to launch SME lending programmes throughout its network. As at 01 October 2012, the Bank has over 500 entrepreneurs as its clients.