OREANDA-NEWS.   In 2013 the Bank of Moscow became the most rapidly developing bank among the largest retail market players and came very close to TOP-10 banks by the volume of retail credit portfolio. The bank improved its last-year results for the majority of business segments and earned nearly 2 bln. rubles of revenue instead of the loss that had been forecast.

The retail credit portfolio increased by 74 bln. rubles and amounted to 170 bln rubles in 2013. The sales of retail credits were 1.5 times higher than that of 2012 and made up nearly 80 bln. rubles. The main product that mainly accounts for the growth during the year is the credit in cash: the quantity of applications grew by 2.2 times and amounted to nearly 1 mln. items. The credit cards portfolio increased by 1.6 times and reached 7.7 bln. rubles. Thanks to an optimization of deposits processing the time required for a new deposit placement was reduced by 2.5: from 52 to 21 minutes including the consultation.

As of year-end 2013 the bank attracted 171 thousand new clients via salary projects, increasing the salary cards portfolio by 16% (up to 713 thousand items). The service Bank in your office functions actively, it allows to apply for a credit or a credit card from one's working place in Moscow and in the regions. Within the reporting period the bank developed and implemented a programme of complex service for the employees of the RF Ministry of Interior, including salary cards, credits, deposits, transfers, SMS-banking on special conditions, etc.

Mortgage sales reached a stable level of more than 1 bln. rubles per month. During 2013 the amount of mortgage credits reached 14.7 bln. rubles which exceeds the 2012 result by 3 times. The Bank of Moscow mortgage credit portfolio increased by 1.5 times up to 32 bln. rubles.

In 2013 the Bank also worked at the competitiveness of its deposits range, significantly enlarging their diversity. The volume of resource-based retail credit portfolio reached a historic maximum within the last year and amounted to 244 bln. rubles.

The volume of VIP-clients deposits grew by 56% up to 115 bln. rubles. The flagship project Platinum Package launched in the end of 2012 proved its high demand — nearly 1500 packages were sold within the reporting period.

"The year-end results confirmed that we chose the right strategy of retail business development in 2012", commented Vladimir Verkhoshinsky, the Bank of Moscow Board Member. "A close internal cooperation with the Bank of Moscow corporate business and VTB Group partners enabled us to demonstrate high dynamics and to occupy leading positions at the retail banking market".