In the first half of 2013, the small and micro business loan portfolio totaled RUR 14.8 billion (a 61% increase over the first half of 2012).
Small and micro business client deposits with Raiffeisenbank increased by 21.4% over the July 1, 2012 figure.
In the first half of the year, the bank completed the integration of network sales channels, and now products and services for small and micro businesses are available across the entire Raiffeisenbank retail network. This led to a significant increase in the bank’s client base, with the number of active small and micro business customers in the first half of 2013 reaching approximately 30,000.
In June, Raiffeisenbank launched its new Business-Auto product — offering loans for Russian and foreign private and commercial vehicles. Furthermore, in the first half of the year Raiffeisenbank developed a special credit programme for individual entrepreneurs. Now customers can obtain a loan of up to RUR 750,000 for an individual enterprise with a minimal set of documents.
«Significant growth in the loan and deposit portfolios is mainly due to the bank’s focus on this segment. Regarding this goal, in the first half of 2013 the bank implemented intensive reforms both in organising direct sales and improving the product line,» said Maxim Lukiyanovich, Deputy Head of Premium Customers and the Small and Micro Business Directorate at ZAO Raiffeisenbank.
ZAO Raiffeisenbank is a subsidiary of Raiffeisen Bank International AG. Raiffeisenbank ranks 11th among the Russian banks in terms of assets, based on H1 2013 results (Interfax-CEA). According to the same Interfax-CEA data, ZAO Raiffeisenbank ranked 5th in terms of liabilities of individuals and 10th with regard to consumer lending.
Raiffeisen Bank International AG (RBI) regards both Austria, where it is a leading corporate and investment bank, and Central and Eastern Europe (CEE) as its home market. In CEE, RBI operates an extensive network of subsidiary banks, leasing companies and a range of other specialised financial service providers in 17 markets. RBI is the only Austrian bank with a presence in both the world’s financial centres and in Asia, the group’s further geographical area of focus. In total, more than 59,000 employees serve some 14.2 million customers through more than 3,000 business outlets, the great majority of which are located in CEE. Raiffeisen Bank International is a fully-consolidated subsidiary of Raiffeisen Zentralbank Oesterreich AG (RZB). RZB indirectly owns around 78.5 per cent of the common stock, the remainder is in free float. RBI’s shares are listed on the Vienna Stock Exchange. RZB is the central institution of the Austrian Raiffeisen Banking Group, the country’s largest banking group, and serves as the group head office of the entire RZB Group, including RBI.