URBD’s Loan Book Up 45%

UrBC, Yekaterinburg, April 30, 2019. The Ural Bank for Reconstruction & Development’s corporate loan book (small and medium enterprises) rose by 45% in the course of 2018, the UBRD’s press service refers to Expert RA as stating.

The bank came 13th in the all-Russian bank rating on January 1, 2019 (the corporate loan book being the main criterion).

The UBRD issued 39.3% more loans in 2018 than in the year 2017 and came 21st in the all-Russian rating in this respect; this was also nine rating positions higher than one year earlier. The bank issues loans to retail traders most often, through the largest amounts get issued to companies in the energy sectors, car dealers, and wholesale traders.

All in all, the bank performed much better in terms of lending to SMEs last year than the market’s average: in Russia on the whole, banks only issued 11% more loans to SMEs than in 2017 (total amount: RUB 6.8 trillion) and their overall loan book only rose by 1% (RUB 4.2 trillion on January 1, 2019).

‘We believe our success was due to looking carefully into our customers’ needs and adjusting our product range and our lending terms accordingly. For one, the bank launched a whole series of pre-approved loan types for different business needs. Besides, we focused more heavily on customer loyalty and launched ReFinance, a product that allows a business to undergo credit restructuring on better terms. Finally, we can see the ongoing trend in the rising popularity of loans businesses take out with their acquiring inflow in mind,’ says UBRD Corporates Development Director Elena Sorvina.


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