“The growth was supported, on the one hand, by the expansion of our lending services in partner stores, credit card operations, personal loans granted over the phone, loans for car purchases and, on the other hand, by the development of our online personal loan platform,” the company said.
Cetelem has a portfolio of 330,000 credit cards, of which more than 53,000 were issued last year.
The company didn’t specify the amount or number of loans it granted.
“The first quarter of this year brought a 15% increase in the volume of loans granted, in line with our targets,” the company said in its release.
Cetelem sells consumer loans in stores, credit cards under the Mastercard brand and car or personal loans online and via phone.