Retail funds of Bank Vozrozhdenie reached 90.7 billion rubles in 2011

25 January 2012

In accordance with preliminary results under Russian Accounting Statements retail customer funds (including card accounts) exceeded Rub 90.7 rubles as of January 1, 2012, up 8.7% in comparison with the previous year. Retail deposits increased by 5.9% for the year and amounted to Rub 71.3 billion as of the end of 2011.

“Bank deposit remains one of the few reliable and popular opportunities for placement of available funds that implies predictable income at fixed interest rates. We closely monitor movements on the deposit market and adjust interest rates to follow it. To meet the needs of our clients who are with the bank for years we increased interest rates on individual deposits several times throughout the year. In 2012 we plan to accelerate growth and increase volume of retail funds by 10-11%”, — commented Alexander Dolgopolov, Deputy Chairman of Bank Vozrozhdenie Management Board.

Ruble and multicurrency deposits won the highest popularity among our clients, many depositors chose seasonal offers.

Bank Vozrozhdenie placed mortgage-backed bonds in the amount of Rub 4.07 billion
Volume of lending to SMEs increased by 1.7 times in 2011