LOCKO-Bank Has Minimum Overdue Loans in Mortgage Portfolio

LOCKO-Bank took 2nd line in the Russian mortgage banks ranking in 1H2014 with 0.02% overdue loans in the mortgage portfolio. Mortgage portfolio volume, overdue loans level, number of mortgage loans and loans distribution volumes were analyzed in the ranking. Total number of banks was 52 in the Banki.ru ranking.

Irina Dzyuba, Director of the mortgage business:

“LOCKO-Bank always focuses not only on the highest performance of the service quality but also on the borrowers’ reliability. The low level of overdue loans in the mortgage portfolio demonstrates LOCKO-Bank’s cooperation with reliable borrowers and also responsible attitude of the clients to meet their credit obligations to the bank.”

LOCKO-Bank’s mortgage portfolio exceeded RUB 730 mln. in 1H2014, up more than 57% versus the same period of the last year. The increase was 35%, and the portfolio reached RUB 980 mln. in 3Q2014, thus showing a positive trend.