Press Releases

POS loan origination by Renaissance Credit in November 2019 exceeded the result of November 2018 by 1.5 times


14.01.2020

In November 2019 Renaissance Credit issued POS loans for 5 billion roubles which is 59.% above the level of November 2018. Share of the bank in the total market origination reached 13.8%.

Total POS loan origination in January – November 2019 attained 40.4 billion roubles. At 1 December 2019 Renaissance Credit ranked number 3 on the market by POS loan origination *.

At the end of November 2019, POS loan portfolio stood at 32.6 billion roubles. This represents growth of 16.1% for the first 11 months of 2019, while the total market grew by 0.5%. At 1 December 2019, the share of Renaissance Credit on the market of POS lending equaled 12.1%.

Comment by Sergey Valisyev, Senior Vice President, Director of Department for Promotion of Banking Products at Renaissance Credit: “For many years our bank has been among the leaders of the POS lending market. We actively continue to develop this business line. At the moment we focus of the quality and profitability of our portfolio in this segment and, first of all, consider the economic viability of our expansion on this market.”

* Estimates by Frank Research Group