Rosbank trade finance portfolio exceeded RUB 103 bn
As of the 1st of February 2016, Rosbank trade finance portfolio exceeded RUB 103 bn, showing 32% growth year-on-year 2015 vs. 2014. Sustainable business growth in one of the bank’s focus business areas is associated with demand for documentary products on the domestic and international markets, as well as a significant expansion in Tier 2 and Midcap customer segment in addition to traditionally strong client base of the largest companies. The number of corporate clients actively using trade finance products has increased to 380 in 2015.
In 2015, Rosbank continued strong development of trade finance services in the regions. A special attention has been paid to portfolio diversification and targeted product offering based on specifics of regional clients. Due to contribution of trade finance teams in North-West, Volga, South, East-Siberia, Ural and Far East branches the share of documentary operations, performed by branches, has been sufficiently increased as well as the number of international deals with Societe Generale participation.
“The 2015 results exceeded our expectations – all the growth indicators, included in the strategic plan of the bank, were accomplished with a significant excess, particularly, in terms of expanding regional client base and maximal employment of Societe Generale Group advantages in international business. We see potential for further growth of trade finance business, given the increased demand for documentary products”, commented Rosbank Head of Trade Finance Department Marianna Kuzanova.
In 2015, Rosbank has entered TOP-3 winners list of TFR Awards, organized by Trade & Forfaiting Review, the dedicated international business magazine. The Bank received a bronze medal as Best Trade Bank in Russia and the CIS, that confirms the achievements in this business area.