OREANDA-NEWS. For 9 months of 2013, Bank Petrocommerce's retail loan portfolio increased up to RUB 27 bln, with its growth rate outrunning the market average by almost twofold - 42% versus 22%. The share of retail loans in the Bank's gross loan book exceeded 17% (12.6% at the beginning of the year). Simultaneously, the quality of the retail loan portfolio continued to improve with the share of overdue retail loans having declined from 5.2% as at year-start to 3.6%, as of 01 October 2013. This ratio is significantly below the market average of 4.3%.

“In retail lending Bank Petrocommerce is not aimed at increasing its market share at any price”, says Oleg Shvetsov, Senior Vice President of Bank Petrocommerce. - “Against the background of retail loans quality deterioration in the market, mostly caused by an increase in the level of debt burden of the Russian population, we manage to reduce overdue loans gradually, while enhancing the profitability of retail business in general. Implementation of new products for individuals as well as new sales channels allows us to achieve the required pace of development in terms of business volume and quality in all regions of the Bank's presence”.

Car loans (176%) and mortgages (70%) still enjoy the highest growth rates among retail products.

“Bank Petrocommerce goes ahead of the market by fourfold in terms of mortgage lending. For 9 months of 2013, the number of granted mortgage loans increased by 128% as compared with the same period of 2012. At the same time the banking sector grew by average 20%”, says Sergey Postnov, Vice President of Bank Petrocommerce. - “We are planning to strengthen our market position among the leading mortgage banks of Russia, and there are all necessary prerequisites to achieve it”.

As of 01 October 2013, mortgage loan portfolio of Bank Petrocommerce reached RUB 10.6 bln, which accounted for 39% of gross retail loan book. Consumer lending also remains one of the largest product segments in retail lending, with its volume amounting to RUB 15.1 bln and 56% share in the retail loan book. Credit cards and car loans follow. The Bank enjoys the stable growth in the number of individual borrowers - by 17% to almost 100,000 borrowers since the year-start.

For 9 months of 2013, interest income from retail lending increased significantly - by 61% comparing with the same period of 2012. Fee and commission income from retail business grew by 64%.

In 2013, the Bank also demonstrated good pace in attracting individual depositors. Since the year-start, the number of retail customers has increased by 12% to 181,000 people, and the volume of retail deposit portfolio amounted to RUB 77 bln, as of 01 October 2013. As a result, nowadays retail deposits account for 32% of the Bank's total liabilities.