HCF Bank to double branch network in Far East in 2012
MOSCOW. Jan 23 (Interfax) - Home Credit and Home Finance (HCF Bank) plans to double its branch network in the Far East in 2012, the bank said in a press-release.
HCF Bank opened its first office in the Far East in May 2011. The bank opened 29 large sized offices in this region in nine months, as well as 53 mobile offices. The bank is currently represented in over 20 populated areas in the Far East Federal District.
The bank's branches in the Far East allocated 3.8 billion rubles in POS-loans and 1.2 billion rubles in cash loans. The bank's deposit portfolio increased by 331 million rubles thanks to deposits from Far East residents, the statement said.
HCF Bank was 36th biggest bank in Russia by assets at the end of the third quarter of 2011, 41st largest for client funds, and fifth biggest for total consumer loans according to the Interfax-100 ranking compiled by the Interfax Center for Economic Analysis.