SMP Bank will shift from public funding to retail lending

SMP Bank will shift from public funding to retail lending


The Bank intends in the coming years to increase its assets by approximately 2.3 times. The Bank will increase the share of retail business in loan portfolio from the current 8% to 20%.

MOSCOW, 26 Jan. SMP Bank brothers Arkady and Boris Rotenberg caught in 2014 under the international sanctions, approved its development strategy until 2020, assuming a gradual decline in the share of crediting of subjects of different levels and municipalities, the press service of the Bank.

“The strategy envisages the launch of the credit conveyor, work actively with large companies and a gradual reduction in the loan portfolio the share of state financing”, — reported in SMP Bank.

The Bank has set an ambitious target — in the coming years to increase its assets to approximately 2.3 times — up to RUB 700 billion. The new strategy assumes that the Bank will increase the share of retail business in loan portfolio from the current 8% to 20%. Also, the Bank would actively lend to small and medium businesses, bringing the share of this segment in its portfolio to 10% by 2020.

Income structure will also change: now if the ratio of interest income to Commission is 65/35, the strategy provides for changing this ratio to 44/56.

Within the work group, SMP Bank provides vzaimoraschety its member credit institutions, as well as improvement of the management system.