We get new lending potential, METCOMBANK says

24 September 2008 (07:55)

‘The current state of the stock market actually opens up a number of opportunities. Apart from focusing on the retail services, METCOMBANK has always been working with big customers and was able to prove its good liquidity and dependability, so we still retain a lot of lending potential at the time of a crisis. Therefore the bank can now use this opportunity to expand its client base thanks to the fact that both companies and private individuals are looking for a reliable bank with financially transparent and serious stockholders. Moreover, METCOMBANK can also build up on the assets used to offer loans to businesses and private customers. The demand for loans is enormous right now, since quite a few banks have had to stop their lending practices for the time being. We managed to avoid the problems, though,’ METCOMBANK’s CFO Vadim Bambozov said to an UrBC reporter.

‘As for the deposit offers, both private customers and businesses are interested in good quality, trouble-free service and in keeping their savings and finances at a stable bank. Any time a rumor regarding the banking system’s problems start circulating, we actually get more customers pouring in. METCOMBANK offers a rather nice interest rate on deposits and settlement transactions terms. Besides, we can offer business a corporate treasury of sorts that unites both the liquidity management and financing products largely meant for geographically and legally dispersed holdings (that is, most of the region’s companies). Private individuals can use a variety of deposits with different rates and periods that make our deposit offer assortment quite competitive,’ Bambozov added.

Other materials on the topic::