Pochta Bank plans to expand its customer base to 1 mln until end 2016, Pochta Bank chief executive Dmitry Rudenko told journalists.

"According to the 8-year business model, our target is 15-20 mln customers. Presently, the bank serves 2 mln customers. I think that we'll add a million till the end of year," Rudenko said.

He noted that settlement accounts are now a flagship product of the bank. Also, the bank offers cash loans, credit cards, POS loans and deposit accounts. According to Rudenko, the bank is looking to ramp up its deposit portfolio to Rub 20-25 bln in 2016.