OREANDA-NEWS. On August 07, 2008 Bank of Moscow’ Retail Portfolio has topped 95 billion roubles. Since the beginning of 2008, the volume of loans extended to individuals has risen by 38%. The most dynamically developing segments are credit cards, consumer loans and mortgages, reported the press-centre of Bank of Moscow.

"Bank of Moscow has confidently secured its position among the Top-5 banks in terms of the volume of consumer loans extended", says Managing Director of the Bank of Moscow Retail Block Alexei Kletsko. "Recently, the share of the regions in the Bank’s retail portfolio has been rising and this explains why we are actively developing a network of sales outlets outside Moscow and the Moscow Region."

During the first 6 months of 2008, the Bank opened 15 offices (the majority in the regions), with five of them opening their doors within the first quarter in Ulan Ude, Petropavlovsk-Kamchatskiy, Ekaterinburg, Moscow and Cherepovets, in the Volgograd Region. These were followed in the second quarter by ten offices in Moscow and the Moscow Region, Novosibirsk, Ufa, Tyumen, Rostov-on-Done, etc.