In January, VTB clients issued more than 97 thousand cash loans in the amount of over 87 billion rubles. The amount of issuance is almost 1.5 times higher than the result of January last year. Residents of Kaluga issued more than 450 loans in cash in VTB for 398 million rubles, which twice the result of the first month of 2020. The Russians returned to active lending: a serious increase began in another 4 quarter of 2020, when sales of customs increased by 40%.
"The beginning of this year is marked by the restoration of consumer activity of citizens - in January, the issuance of loans in cash at times exceeded additionalmium values. We expect that the growth in demand for them will continue, in many respects, by the normalization of economic activity and the fight against the pandemic. The key factor this year will also be further digitalization of the business - in particular, VTB plans to issue remotely every second cash loan by making a loan offer to VTB online more convenient and simple for users. We expect that this will allow for a quarter to increase the volume of lending at the end of 2021, "comments Evgeny Blagoin, the head of the management of" consumer lending "VTB.
In January, Russians have increased their spending on a network of POS terminals and Internet acquiring, according to VTB acquiring business statistics. Deferred demand and restrictions on trips abroad sent Russian expenses for the internal consumption of goods and services for the house. The spending of Russians in this segment in January rose by 23% compared with January last year and reached 200 billion rubles. Most significantly - by 70% - the costs of Russians for electronics and household appliances increased. At the same time, revenues of restaurants turned out to be 14% less than Dopandamemy.
Cash loan in VTB can be obtained in sum from 50 thousand to 5 million rubles for any purpose and a period of up to seven years. Customers may make a loan under the refinancing program, which allows you to combine several loans from other banks in one and repay the debt in other credit institutions, as well as obtain additional money to 5 million rubles for any purpose. Application is possible in the mobile application VTB online, on the Bank's website, in the contact center or VTB office.
Cash loans are among the popular retailers in the population. Over the past year, the Bank issued more than 1.1 million loans for 829.5 billion rubles to its customers. Of these, 27% accounts for online issuance. The volume of the portfolio of Credits in 2020 increased by 8% and exceeded 1.465 trillion rubles.
Data on issuing loans in cash is provided with regard to funds aimed at refinancing loans in VTB.