Kutxabank records a default of 1.45% on consumer loans, below the industry average. With a loan portfolio that last November exceeded 1,000 million, the entity chaired by Gregorio Villalabeitia applies a strategy of “responsible granting” of financing.
In one year, the Basque bank’s consumer loans have grown by 10.3%. In the segment of purchases in stores financed in installments, the increase was 31.5%. Last October, more than one and a half million Kutxabank customers had a total of pre-granted cash that exceeded 34,000 million.
About half of the contracting of personal loans is already done through alternative channels to branches, such as online banking. The mobile phone is the most used resource and continues to gain ground from the rest of the digital channels.
Recently, Kutxabank has launched the “Cash Loan for Christmas” campaign to cover extra expenses this holiday season. For clients with pre-granted credits and valid until January 15, 2022. The repayment period is extended to 84 months.
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