UBRD Welcomes 1,000,000th Private Borrower
17 April 2013 (09:07)
April 17, 2013. Over a million private individuals have taken loans from the Ural Bank for Reconstruction & Development: as of March 1, 2013, the bank issued 1,013,226 loans. This means that since the UBRD started dealing in retail lending in 2004, 115bn RUR worth of loans has been issued to private individuals, the bank’s press service reports.
The UBRD’s retail loan book increased by 80% last year and amounted to 36.5bn RUR on January 1, 2013. The demand for express loans has gone up as well: in March, the bank’s POS offices issued 1bn RUR worth of loans, which is a record-setting figure for the bank’s ‘light network’.
‘The loan book growth was rather predictable, this is mainly a sign of things getting better socially and economically after the credit crunch of 2008-2009. People are now more confident in their spending and more educated about the financial services offered, which is a great stimulus for our business to offer better terms and launch new, more hi tech products,’ says UBRD President Anton Soloviev.
The bank’s President feels this trend will continue this year as well.
The UBRD’s retail loan book increased by 80% last year and amounted to 36.5bn RUR on January 1, 2013. The demand for express loans has gone up as well: in March, the bank’s POS offices issued 1bn RUR worth of loans, which is a record-setting figure for the bank’s ‘light network’.
‘The loan book growth was rather predictable, this is mainly a sign of things getting better socially and economically after the credit crunch of 2008-2009. People are now more confident in their spending and more educated about the financial services offered, which is a great stimulus for our business to offer better terms and launch new, more hi tech products,’ says UBRD President Anton Soloviev.
The bank’s President feels this trend will continue this year as well.
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