Tinkoff Credit Systems Bank analysts tallied that in the January — June period of 2013 the Russian credit card market expanded 24.7% to Rub 837.4 bln. The absolute increment equals Rub 166.1 bln.
Most of all credit card portfolios were expanded in January — June by Sberbank (up Rub 44.1 bln), Bank Russian Standard (up Rub 33.2 bln) and Tinkoff Credit Systems Bank (a surge of Rub 16.3 bln).
During the first six months of the year the Russian credit card market expanded 24.7% to Rub 837.4 bln (up 36% in January — June 2012), up 67% y-o-y. As regards credit card portfolios and absolute quarterly growth rates, the leaders are Sberbank, Bank Russian Standard and Tinkoff Credit Systems Bank. Sberbank and other market participants continued to post slower growth rates on an annualized basis along with the market. Among Top 10 banks faster growth was reported by HCF Bank, and the most aggressive market participants continued to increase their market shares, keeping growth above average. Alfa-Bank and OTP Bank improved their Top 10 positions.
In the April — June quarter of 2013 the market’s growth accelerated to 12% vs. 11.4% in January — March. In the first and second quarters of 2012 the market expanded 15% and 18.3%, respectively, and a total 82.5% in 2012. The y-
The Russian market’s three leaders are still the same, with Sberbank being number one in terms of the credit card portfolio, followed by Bank Russian Standard and Tinkoff Credit Systems Bank. As of early July 2013 ten leading banks on the credit card market were as follows: Sberbank (the portfolio of Rub 193.4 bln), Bank Russian Standard (Rub 134.1 bln), Tinkoff Credit Systems Bank (Rub 64.3 bln), VTB 24 (Rub 56.7 bln), Alfa-Bank (Rub 42.2 bln), Orient Express Bank (Rub 37.5 bln), OTP Bank (Rub 33.5 bln), Svyaznoy Bank (Rub 33.4 bln), HCF Bank (Rub 27.8 bln) and Rosbank (Rub 17.4 bln).
