Wednesday, August 16, 2017

Discovery banking group ranked among Expert RA's top five for loan portfolio

Expert RA recently included Discovery banking group in its list of top five financial groups in regards to loan portfolios in cash for the first half of 2014.

Discovery banking group is comprised of Discovery retail bank as well as recently-acquired subsidiaries Otkritie Bank, Khanty-Mansiysk Bank and Novosibirsk Municipal Bank. Expert RA has ranked the group fifth in terms of loan portfolio in cash and sixth for its portfolio of unsecured loans to individuals.

As of July 1, 2014 Discovery banking group held a balance of $3.4 billion in debt on unsecured loans-- an increase of 47 percent over the first half of 2013. Its total portfolio of individual loans increased 46 percent over the first half of 2013 to reach $3.6 billion.

Additionally, Expert RA ranked Discovery banking group 10th among banks in terms of portfolio debt on bank cards. By the end of the first half of 2014, Discovery banking group held $230 million in debt on loans provided by bank card, representing a 33 percent increase over the same period in 2013.