MOSCOW, April 8, 2013 /PRNewswire/ --
National Bank TRUST ("TRUST Bank" or "TRUST"), one of Russia's largest commercial banks, announces the results of its consumer product credit portfolio for 2012 which shows that it is continuing to deliver above market growth figures in the extremely dynamic and fast growing Russian consumer credit market.
TRUST Bank's primary focus is on delivering a range of high quality products in the retail credit market in Russia. Its performance in two of the most exciting segments of this market is particularly noteworthy. These are credit cards and POS-credits (in-store loans for a specific product or products issued at the point of sale). It also continues to conduct "Point of express" crediting (a fast cash credit that can be issued from a pop-up station in place of high consumer traffic). In 2012 TRUST opened over 300 new points of this kind around the country.The Russian credit-card sector in 2012 grew more than 90%, accelerating from a 60% increase in 2011, according to research by the Frank Research Group. In 2012 TRUST delivered around 150% growth in its credit card portfolio. Within this sector TRUST Bank has demonstrated exceptional growth, significantly outperforming the market: TRUST Bank credit card performance
Year Amount Growth 2010 RUB 1.7bn 2011 RUB 4.3bn +RUB 2.6bn +153% 2012 RUB 10.7bn +RUB 6.4bn +148% 2013 RUB 21bn* +RUB 10.3bn +96%* TRUST Bank internal forecast With only about 15% of the economically active population of Russia currently holding a credit card, the likelihood of the continued strong growth of this sector is forecast to continue. In the POS-credits sector in Russia TRUST Bank has also delivered significant growth figures. From a standing start in September 2010 TRUST's growth figures have been exceptional and now has more than 4,000 partners across the country: TRUST Bank POS-credit performance
Year Amount Growth 2010 RUB 659m 2011 RUB 3.9bn +RUB 3.24bn +492% 2012 RUB 6.3bn +RUB 2.4bn +62% 2013 RUB 9.3bn* +RUB 3bn +48%* TRUST Bank internal forecast