Loans to Customers

  As of 31 December 2010 As of 31 December 2009 Change, %
RUB m Amount % of amount Amount % of amount  
Commercial loans to legal entities 2,708,692 43.7 2,206,322 40.5 22.8
Specialised loans to legal entities 2,163,486 34.9 2,059,984 37.8 5.0
Corporate loans 4,872,178 78.6 4,266,306 78.3 14.2
Consumer and other loans to individuals 635,689 10.3 564,364 10.4 12.6
Mortgage loans to individuals 603,778 9.8 512,787 9.4 17.7
Car loans to individuals 80,265 1.3 100,388 1.9 (20.0)
Loans to individuals 1,319,732 21.4 1,177,539 21.7 12.1
Total loans 6,191,910 100.0 5,443,845 100.0 13.7

The group’s loan portfolio structure at year-end

The Group’s total loan portfolio increased by 13.7% to RUB 6,191.9bn in 2010.

The corporate loan portfolio was up 14.2% over this period to reach RUB 4,872.2bn, driven primarily by an increase in commercial loans in the Group’s portfolio. Most of these loans were extended to Russia’s largest companies in machine building, metallurgy, food processing and agriculture.

The retail loan book increased by 12.1% to RUB 1,319.7bn in 2010 on the back of 12.6% and 17.7% growth in demand for consumer and mortgage loans, respectively.

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