OREANDA-NEWS. In May 2007 private individuals loan portfolio of IMPEXBANK exceeded 1 billion US dollars. 2006-2007 increase of retail loan portfolio shows the rapid development of this area of IMPEXBANK activity. In the beginning of 2006 the volume of PI loan portfolio was USD 435,7 mln., and by the beginning of 2007 it nearly doubled in size to USD 824,5 mln. As of May 1, 2007 the volume of retail loan portfolio of the Bank was one billion and one million USD, reported the press-centre of IMPEXBANK.


Stanislav Voloshin, Head of IMPEXBANK Retail has commented on the increase of retail lending portfolio: "Considerable increase in volume of private individuals lending portfolio over the period of two years is a sound indicator of a balanced range of lending products, capable of satisfying various needs of our clients - from purchasing real estate to arranging an overseas vacation. IMPEXBANK offers these lending products in 44 regions of Russia, which allows our clients to get the lending product they need the most".
Currently the most popular lending programs of the Bank are "Narodniy Kredit" and "Narodniy Kredit +". Their volume of over half a billion US dollars equals 52% of the portfolio.
Car lending programs of IMPEXBANK are always popular with the Bank's clients. With USD 300 mln. car lending portfolio totals 30% of the overall retail portfolio.


Mortgage lending has demonstrated a quantum leap as well. In 2006 IMPEXBANK introduced a new range of mortgage products, which immediately became very popular with the clients, leading to an increase of IMPEXBANK mortgage portfolio from 3 to USD 145 mln. in less than 1,5 years. IMPEXBANK is a universal commercial bank, offering a wide range of lending products to its customers. There is a considerable potential for further growth in such vital areas as tourism and travel lending ("My Ideal Vacation" lending program), payroll projects, credit cards.

IMPEXBANK was established in 1993. Based on 2006 results it is ranked 28th among the leading banks of Russia in terms of assets (INTERFAX-CEA). The Bank is rated 4th in the volume of small enterprises lending, according to RBK Bank Rating. Countrywide branch network of IMPEXBANK includes 45 regional branches. IMPEXBANK is a subsidiary of Raiffeisen International Bank-Holding AG (Raiffeisen international) – holding company managing its subsidiary banks and leasing companies on 16 local markets of CEE. Over 12 million customers are attended to via more than 2 850 outlets. Representative offices in Lithuania and Moldova expand the reach of the Group in the region. Raiffeisen International is a fully consolidated subsidiary of Raiffeisen Zentralbank Austria AG (RZB), which holds 70% of ordinary shares of RI, the remaining 30% are traded on Vienna Stock Exchange. RZB - parent bank of the Raiffeisen Group, largest banking group in Austria, - is the principal corporate and investment bank, as well as the leading bank in Austria.