"Credit factory" refused every third

"Credit factory" Sberbank denies every third candidate. Competitors Savings call such a low figure - they are ready to deny even more. Wrote on Thursday, May 5, the newspaper Vedomosti. Savings Bank launched the technology of "credit factory" in September 2010. The outcome of the "pipeline", he disclosed to shareholders in the materials for the annual meeting. "Factory" examines up to 30 000 loan applications a day, application pendency period was reduced from seven to two days, reports the bank. For the year 2010 with the help of bank processed about 3 million applications and issued about 2 million loans totaling 290 billion rubles. Thus, the bank rejects every third application. "For the average bank is a little more than a lot, but given the scale of the Savings Bank, I think for him it is quite adequate share of failures," - says a board member of Alfa-bank Alexey Marey. The average for the market share of 40-50% failure rate, he says. The bank has more information about customers, said a top manager of a major Russian bank: the majority of his clients last year - are those who apply for a loan again. "From a business perspective, 70% approval - it would be ideal for the bank, but in terms of risk - I would have a little tense," - says Deputy CEO of Absolut Bank, Ivan Anisimov. Although, he admits, the bank can cover risks at the expense of margins, due to the volume of lending and revenues. Margin the bank is really one of the highest in the market - 7,6%. According to the Savings Bank, more than half of all issued during the year of consumer and car loans have fallen to a "factory". Or 40% of all loans disbursed during the year (737 billion rubles).. The largest volume of credits - 99,5 billion rubles. bank has clients in December 2010, when reduced rates for loans under the Credit Factory. " This is the absolute maximum in terms of the issuance of retail loans per month in the history of the bank. As a result, the retail credit portfolio of the Savings Bank increased by 11.3% to 1.3 trillion rubles. Above the average market and, according to the Central Bank, amounted to 14,3%. The main growth was in consumer and housing loans, which led to a decline in the portfolio share of auto loans (from 8,6 to 6,1%). In April the bank has lowered rates on car loans and intends to raise the share of loans in the portfolio, and the market too, said one of the managers of the bank. Since October 2010 regional banks "Sberbank" has been granted the right to cut interest rates on existing housing loans entered into during the crisis. How many customers state bank has made happy in such a way to find out failed. In total, restructuring (15,000 loans) amounted to 6.8 billion rubles., Or 0.5% of the loan portfolio. Prior to that, the bank disclosed the amount of restructured loans in June 2009, when they occupied 0.2% of the portfolio.