LOCKO-Bank increased SME lending in 2013, up 37.1% compared to 2012. Amount of loans provided for individual entrepreneurs and companies was RUB 85.3 bn. The Bank took 6th line in the ranking published by Expert RA Rating Agency.
LOCKO-Bank had 2,780 deals in the SME segment in 2013. Amount of requests from business representatives grew by 31%. Key sectors were wholesale trade, financial activity, manufacturing, real estate business, transport & communications. The main amount of deals was in the Central and Northwest Federal District.
Irina Loskutova, Deputy Chairman, commented:
“SME business in Russia continues to be the main priority for LOCKO-Bank in 2014. We plan to increase financing of SME segment due to product line modification and long-distance service channels’ development. Providing the most suitable service for our clients will positively affect the business dynamic.”