OREANDA-NEWS. December 24, 2012. Assets of Tatfondbank grew by 22.6% from the beginning of the year to total, as at 1 December 2012, RUB 102.8 billion.

The capital totalled RUB 11.9 billion and the charter capital of Tatfondbank reached the mark of RUB 8.6 billion, having increased by 17.8%.

From the beginning of the year, the Bank’s lending portfolio grew by 24.6% to exceed RUB 64.3 billion, with retail lending portfolio having grown by 95% for 11 months of 2012 to exceed RUB 16 billion, and with corporate lending portfolio having grown by 11.2% from the beginning of the year to total, as at 1 December 2012, RUB 48.3 billion.

This year, Tatfondbank began issuing co-branded cards in cooperation with Bely Veter Tsifrovoy, a federal system of chain stores selling digital consumer products, Bakhetle, a large homemade food supermarket chain, and TECHNO (Republic of Bashkortostan), a system of chain stores selling electronic goods.

Compared to the beginning of the year, the number of plastic cards in issue grew by 24%. The Bank issued over 110 000 new cards. The total number of cards issued by Tatfondbank exceeded 500 000.

The Bank’s regional network currently includes 119 offices. In 2012, Tatfondbank opened its offices in Saratov, Izhevsk, Yoshkar-Ola, Novosibirsk, Kazan, Nizhny Novgorod, Voronezh, Ufa, Neftekamsk, Perm, and Surgut.

“The growth achieved for basic performance indicators proves that we have chosen the right development strategy for the Bank, which envisions the strengthening of positions held in the main lines of business. Our priority for the coming years will be the intensive development of the Bank’s retail business, as well as the support of the small- and medium-sized business sector”, said Ildus Mingazetdinov, Chairman of the Board of Directors and President of JSC AIKB Tatfondbank.