In 2006, the retail credit portfolio of IMPEXBANK more than doubled to top E625 million at the start of 2007 from E366m in January 2006, IMPEXBANK press service reported. At present, the bank’s programs related to auto loans are enjoying most demand. The volume of credits issued over the year rose by 80%. Still popular are the bank’s non-purpose credits such as People’s Credit and People’s Credit+, whose overall amount rose almost 50% over the last year. There was qualitative upsurge in the field of mortgage credits. In 2006, IMPEXBANK rolled out several new mortgage products, which boosted the mortgage constituent of IMPEXBANK’s credit portfolio from E2.0 to E63m.
Source: WWW.NOVECON.RU, January 12, 2006
