EasyCredit provider team bench with positive figures for 2011

The Bank team as editor of the easy credit consumer credit can look back on a successful fiscal year 2011. As the company announced, has the easy credit-stock in the past year increased by 16 percent to 7.2 billion euros from 6.2 billion euros last year. In comparison, the German market for personal loans to increase by only 1.7 percent to 149 billion €.

Even when profit rose of the easy credit providers significantly. Gross profit grew accordingly by eight percent to € 358.9 million. At the same time, loan loss provisions was 93.5 million euros to 30 million €. The operating profit of the Bank was able to double from 84.8 million euros in 2010 to 167.3 million euros in 2011 almost. In collaboration with the cooperative financial group was the easy credit , according to preliminary figures from EUR 344.8 million compared with EUR 233.3 million last year to the overall success of the cooperation. This represents an increase by 48 percent.


The Bank team sees the continued close cooperation with the local cooperative banks to secure a successful future in the field of credit . Alexander Boldyreff, CEO of Team Bank AG, said:. “We want based growth in the cooperative foundation of values ​​and our partners, the local cooperative banks, further easyCredit Our brand stands for fair and innovative products, integrated advice and excellent processes remain our success factors.

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