Locko-Bank improved its position in SME lending ranking by "Expert RA"

According to preliminary results of the research of lending to small and medium-sized enterprises in 2015 in Russia, published by «Expert RA" agency, LOCKO-Bank took 12th place in the ranking of the 30 largest Russian banks in terms of lending to SMEs.

The study showed that SME loan portfolio decreased by 6% in Russian banks during 2015, while LOCKO’s SME loan portfolio had increased over this period by 10% that equaled RUB 3.2 billion in absolute terms. As of January 01, 2016 SME loan portfolio of LOCKO-Bank totaled RUB 34.5 billion.

In the midst of overall market contraction the SME portfolio growth partly obtained due to effective cooperation with SME Bank allows LOCKO-Bank to improve its ranking position by 2 points and maintain a positive trend of growth. Thus at the end of 2013 LOCKO-Bank was in 18th place in the ranking, and in 2014 raised 4 positions up to 14th place. LOCKO had managed to grow by 6 positions during 2013-2014 and to increase SME loan portfolio for more than 56% on RUB 12.4 billion.

Banks ranking by volume of SME loan portfolio was made within the study of lending to small and medium-sized enterprises in 2015 on the Russian market held by "Expert RA" agency. In the study were involved more than 60 banks actively working with SMEs.