Uralsib Bank Ranks Among Leading Financial Institutions in Extending Loans to Small and Medium-Sized Enterprises
UralSib Bank Soars to 9th Spot in 2024 SMB Lending
Boosted by a staggering 26% increase in loan issuance, UralSib Bank surged to the 9th spot among banks offering lending services to small and medium-sized businesses (SMBs), according to Expert RA's 2024 ranking. In total, the bank extended loans worth 73.1 billion rubles in 2024.
By year's end, the portfolio of SMB loans ascended by 21% to a whopping 32 billion rubles. UralSib, a bank dedicated to the well-being of businesses—particularly small entrepreneurs—isn't resting on its laurels. The bank is actively refining products and services tailored specifically to SMBs, with an emphasis on digital channels and user-friendly client interactions.
Entrepreneurs can reap the benefits of a diversified financial product and service offering, non-financial perks, and unique opportunities to take their businesses to the next level.
While we can't pinpoint the exact factors propelling UralSib's growth in the SMB lending sector in 2024, several common factors often influence a bank's success in this area:
- Specific financial products tailored to SMB needs
- Streamlined digital platforms, simplifying loan applications and management
- Competitive interest rates and flexible repayment options
- Strong regional presence and solid relationship management
- Government assistance or guarantees supporting SMB loans
- Nuanced credit risk assessments, facilitating speedy loan approvals
However, without specific information regarding UralSib's strategies in 2024, we can only speculate. To learn more about the bank's growth in SMB lending, stay tuned to official UralSib announcements or financial reports.
Disclaimer: PАO "BANK URAISIB" (General Bank of Russia License No.30, issued on 10.09.15)
- UralSib Bank, a dedicated bank for businesses and small entrepreneurs, issued financial products tailored specifically for small and medium-sized businesses (SMBs), contributing to its rise in the SMB lending sector.
- Despite soaring to the 9th spot in 2024 SMB lending, UralSib Bank continues refining its offerings, focusing on digital channels, user-friendly client interactions, and diversified financial products.
- Part of UralSib's success in the SMB lending sector could be attributed to its competitive interest rates, flexible repayment options, and streamlined digital platforms designed to simplify loan applications and management.
- With the 2024 rise in the SMB lending segment, PАO "Bank UralSib" continued to strengthen its regional presence and maintain solid relationship management practices, providing support to SMBs.
