LOCKO-Bank Increased Auto Loan Portfolio by 25%

LOCKO-Bank’s auto loan portfolio reached RUB 10.79 billion in 1H2014, up more than 24% compared to the previous year. The Bank took the 11th line according to Banki.ru Russian banks auto loan volume ranking.

The rating is based on loan portfolio analysis of the largest retail banks. 46 banks that have total auto loan portfolio of RUB 660.3 billion as of 1 July 2014 provided their data for the research.

Irina Grigoreva, Deputy Chairman of the Executive Board, commented:

“Auto lending is one of the drivers of LOCKO-Bank’s retail business growth, exceeding 55% of total retail portfolio. Flexible lending terms as well as a wide range of loan programs that meet customer needs contribute to the sustainable growth of the segment and promote sales of new auto loans.”

LOCKO-Bank’s auto loans allow buying a new car or used car of any brand with price up to RUB 5 million. It is possible to get a loan without initial payments or without income and employment confirmation. The maximum loan term is five years. Please visit “Auto Loans” page for more details.