LOCKO-Bank is among largest Russia’s banks on assets

RBC.Rating published rankings of 500 largest Russia’s banks for the first six months 2012. Based on 1H 2012 results LOCKO-Bank assets totaled 53 833.65 m roubles and enabled the Bank to become No. 75 in RBC ranking. Bank’s assets went up 13,03% year-on-year. "Key performance indicators continue to grow steadily. We are actively working in all business areas: we successfully develop general-purpose lending while maintaining high growth rate of auto loans, continually upgrade our product range and improve operational efficiency and service standards. In late 2011 – first half 2012 we entered the market of micro-lending to small businesses - a totally new segment for the Bank. At the same time LOCKO-Bank is still highly efficient in medium size business and corporate client segments. In 2H 2012 we will continue to implement long term financial sustainability model focusing on organic growth in key segments.”- comments Konstantin Bogomazov, LOCKO-Bank Deputy Chairman of the Management Board.