Raiffeisenbank’s loan portfolio in the retail segment (before provisioning) increased by 6.9% over the end of 2012 to reach 135,684.9 million roubles at the end of the first quarter of 2013. This increase was primarily due to unsecured products (unsecured loans and credit cards) and car loans.
For the first quarter of 2013, Raiffeisenbank’s unsecured loan portfolio (before provisioning) grew by 10.3% over the end of 2012 to reach 62,746.2 million roubles. At the same time, credit card balances (including overdrafts, before provisioning) increased by 22% over the end of 2012 (9,303.8 million roubles).
«Unsecured loans still remain the main driver for retail growth. According to our estimates, high growth rates will persist in 2013 and reach 20-30% throughout the market», said Alexei Kapustin, Head of Retail Products and Customer Relations at ZAO Raiffeisenbank.
The increase in cash loans is conditioned by a favourable tariff policy, due to which the loan portfolio has been growing faster than the market. Credit card balances have increased, as the number of credit cards in circulation has expanded and the balances of previously issued cards grew as a result of marketing campaigns.
ZAO Raiffeisenbank is a subsidiary of Raiffeisen Bank International AG. Raiffeisenbank ranks 12th among the Russian banks in terms of assets, based on Q1 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.