OREANDA-NEWS. September 26, 2008. Bank of Moscow’s retail portfolio has topped the Rub 100 billion mark. Since the beginning of 2008, the volume of private client lending has risen by 45%, meaning that the Bank’s individual loans portfolio has doubled over in just over a year.

“In spite of the difficult situation on the financial markets, we are continuing to develop lending programmes for private clients”, says Alla Tsytovich, Managing Director of the Retail Business block of the Bank of Moscow. “This has been possible largely thanks to a stable resource base (the Bank is among the Top-3 financial institutions in terms of funds drawn from individuals), as well as a sensible programme of external borrowings.”

As of today, the Bank of Moscow is one of Russia’s biggest banks in terms of retail business.