SKB-Bank leads Russian lending market in 2007

7 April 2008 (09:07)

RBC.Rating came up with the results of its last year’s research on the banking market aimed at finding the banks that were most successful in offering loans to private individuals.

The agency’s analysts report, referring to the Central Bank of Russia, that the country’s banks provided individual customers with 3.6 trillion RUR worth of loans altogether in 2007, which exceeds the figures for a year earlier by 50.37%. The market growth can be explained by economic development and the population’s rising income, they say.

SKB-Bank hit Russia’s Top 30 Largest Banks rating in terms of consumer lending: the volume of loans offered to private individuals (excluding mortgages) reached more than 9.1 billion RUR last year. This is 102% better than in 2006 and twice as good as the market average. The number of loans came to over 100,000.

At the moment, SKB-Bank is Sverdlovsk Region’s most successful bank in terms of consumer loan portfolio and one of Ural Federal District’s three leading banks.

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