Renaissance Capital Ranks Sixth in Ukrainian Banks Performance Index
OREANDA-NEWS. Renaissance Capital (TM Renaissance Credit) has ranked sixth in the Ukrainian bank performance index 2013 compiled by Forbes. The rating includes the most successful banks with the best performance in 2013 in terms of assets growth rate, equity and profitability.
Sebastian Rubay, Board Chairman of Renaissance Capital said: "Last year we boosted our share in unsecured lending up to five years from 2.5% in early 2013 to 3.35% at the year end. We secured the growth by developing the network and improving products, processes and services.
By the year end, Renaissance Capital's chain offering loans exceeded 4,000 outlets, including 360 own sales points. Renaissance Capital also provides loans via partnering banks and a state-run company Ukrpochta, a model that ensures our operations across all Ukrainian localities with 10,000 residents and more.
Our target audience is the mass market that values simplicity and speed, so in 2013 we accelerated the lending process. Thus, getting a loan for 80% of our clients takes just one visit to the bank and one hour - from initial consultation to getting the money. To service a loan, our customers can pay at any Ukrpochta outlet or use 27,000 of payment terminals, the bank's website and the offices of our partnering banks."
Annually, Forbes compiles a performance ranking to have a deep review of how successfully Ukrainian banks are developing. The index considers the most important indicators of efficiency and increase of economic activity that can be calculated with available public information. It covers all the banks operating in Ukraine for over two years.
Renaissance Capital Bank (TM Renaissance Credit) is a part of FUIB Banking Group providing customer lending to Ukrainian individuals since 2006. The bank offers cash advance loans, consumer loans, credit cards and deposits. The sales network of lending products covers more than 4,000 outlets across Ukraine, including 900 own outlets and branches of Renaissance Credit. The bank partners with over 2,500 stores for consumer lending services. Renaissance Capital Bank is a part of SCM Group, the biggest financial and industrial group in Ukraine.
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