OREANDA-NEWS. October 27, 2010. New rates on cash loans came into effect in Raiffeisenbank. At the same time the Bank launched its marketing campaign "Feeling the ease in lending", which reveals the benefits of its new consumer lending offers, reported the press-centre of Raiffeisenbank.

New, lower rates came into effect on this day, making rate determination for new customers of the Bank more flexible. So, if previously the Bank could approve a consumer loan with one of three rates — 14.9%, 19.9% or 30.9% per annum, now new customers can be offered one of four rates: 14.9%, 17.9%, 21.9% or 26.9%.

The more flexible approach to the determination of individual rates will make cash loans a more attractive prospect than ever before.

In addition, the differential rates programme continues to operate, which provides exclusive offers on cash loans (from 13.5% per annum) for clients who wish to develop a long-term partnership with the Bank. Clients who have demonstrated their commitment and ability to make payments to the bank can expect to receive more and more attractive offers.

Since May 2010 the retail credit portfolio of Raiffeisenbank has grown steadily. In the summer it exceeded the market average for the most part thanks to unsecured loans, which increased in the total loan portfolio by 4.4%.