LOCKO-Bank is among the most successful Russian banks on auto lending according to RBC. Rating.

In 1H 2011 the Bank disbursed 3 988 auto loans for total amount of 2,35 bn roubles and became No. 14 in the ranking on the volume of disbursed auto loans. Auto loans portfolio went up to 3,51 bn roubles and the Bank moved up from No. 41 to No. 18 in the ranking.

Auto loans volume went up 25,5 times year on year which allowed the Bank to enter TOP-30 leading Russian banks on auto lending. The Bank is also No. 2 on the number of issued loans, which has gone up 24,3 times. Having increased its auto loans portfolio by 5,5 times the Bank became No. 3 on portfolio growth rate among 30 leading banks in this segment.

Sufficient growth of auto loans resulted in significant increase of retail lending. Throughout 2011 Bank’s credit portfolio demonstrated organic growth across all business lines from 28,58 bn roubles to 31,18 bn roubles.

"The strengthening of retail lending business is driven by the need to diversify Bank's credit portfolio, - explains Konstantin Bogomazov, Deputy Chairman of the Management Board - among all retail lending products only auto lending allows both to increase portfolio and to maintain the required level of risks. By maintaining relatively strict credit policy and offering clients various possibilities to insure against non-payment risks we help the borrowers to develop conscious attitude to lending and lower the rate of non-performing loans.