24 Jul 2019 17:35

VTB saw retail credit portfolio grow 9% in H1, to 3.099 trln rubles

MOSCOW. July 24 (Interfax) - VTB's retail credit portfolio grew 9% in H1, to 3.099 trillion rubles, according to material released by the bank.

"Generally, the growth that we see is growth of unsecured loans, because a mortgage, in terms of sales, looks a bit worse than it did last year," Deputy President and Chairman of VTB's Management Board Anatoly Pechatnikov said.

In H1, the bank issued 377 billion rubles' worth of consumer loans, compared with 310 billion in H1 2018. Mortgage loans rose from 244 billion to 303 billion rubles. Car loans totaled 36 billion rubles, compared with 34 billion in H1 2018.

Retail deposits grew 5% over the course of H1, to 4.061 trillion rubles. According to VTB, the bank's share in the retail credit market is 18.98%, and its share in the retail deposit market is 14.01%.

Its investment product portfolio grew 14% to 816 billion rubles.

Eleven new offices were opened in H1, and there are plans to open 46 in H2. In 2019, VTB is planning to increase its share in the acquiring market 1.3%, to 15.6%.