Rosbank announced that it has strengthened its position in lending to small- and medium-sized enterprises (SMEs) in its first nine-month report of 2014, the bank said Thursday.
According to the report, loans to SMEs increased by 11.7 percent from the same reporting period in 2013, which amounted to $583 million, as of Oct. 1. In a ranking of loan portfolios that was conducted by small businesses, the bank placed sixth, having increased its loan balance by 14.8 percent.
"This year, we have revised the credit process, an automated algorithm for decision-making on credit applications, as well as differentiated the approach to pricing, depending on the rating of the customer, which has a positive impact on the performance of our business," said Marina Polyakova, deputy director of the Rosbank Department of Entrepreneurial Relations. "In addition, we appreciate the quality of the employees of our sales network, which, undoubtedly, is another success factor."