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Tuesday, January 23, 2018

Rosbank ranked among top 10 Russian banks in cash lending

Rosbank, a universal bank whose majority shareholder is the international financial group Société Générale, was among the 10 biggest lenders of cash in Russia in 2013, according to the Frank Research Group.

The bank came in eighth place, compared to 11th place in 2012, with cash loans amounting to $2.81 billion, an increase of 21.6 percent for the year.

Rosbank provides unsecured loans through the "Simply Money" and "Big Money" programs as well as credit cards.

The volume of unsecured loans - including no-purpose cash loans, POS loans and credit cards - issued by Russian banks in 2013 increased by 29.4 percent, according to Frank Research.

Founded in 1993 and headquartered in Moscow, Rosbank has the ninth largest assets among Russian banks.