04.12.2006 /Credit cards
 Alfa-Bank analyst says Retail Lending Priority shifted to Mortgage and Credit Cards in the First Half of 2006
Natalia Orlova, chief economist and macroeconomic and banking researcher at Alfa-Bank, noted demand seemed to be shifted to credit cards, which posted a 300% YTD increase. Mortgage growth also accelerated, driving the market to a total of $6.2 billion. “The list of market leaders has changed substantially. In the coming 12 months we expect Russian banks will be focused on mortgage and credit cards”, said Orlova. Research report «Retail Lending 1H06: Shifting to Mortgage», by Natalia Orlova, 59.9 KB. Natalia Orlova, chief economist at Alfa-Bank, joined the bank in 1998. She is also editor-in-chief of the Alfa Bank Investor Confidence Index, a monthly research publication. She frequently participates in research round tables and speaks at economic conferences focused on Russia and emerging markets. She graduated from Moscow State University with a degree in mathematics and from France’s Clermont-Ferrand University with a diploma in macroeconomics.
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