Bank Vozrozhdenie retail portfolio exceeded Rub 36 bln

15 August 2013

Bank Vozrozhdenie retail portfolio without bank cards reached Rub 36.4 bln (including securitized mortgage loans) as of August 09, 2013, up 18.6% from the beginning of the year. In 2013, the bank issued 19,953 loans in the amount of Rub 11.8 bln, which is 23% higher than during the same prior-year period.

“We continue intensive development of retail lending with focus on mortgages and gradual increase of the consumer loans share. The speed of decision-making process, advertence to clients’ needs, as well as a vast majority of projects realized in cooperation with realtors and developers allows us to keep our strong position at the mortgage market, which is gaining pace. Thanks to such thorough approach to client relations, we demonstrate positive results”, commented Evgeniy Dmitriev, member of Bank Vozrozhdenie Management Board and head of the Retail Business department.

The bank offers mortgages at the primary and secondary housing markets as well as finances purchases of houses with land.

Bank Vozrozhdenie published RAS 6M 2013 results
Bank Vozrozhdenie will publish its H1 2013 IFRS results and hold a conference call for investors on August 27