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Sberbank: Sberbank and BNP Paribas Personal Finance have agreed to expand the activity of their joint venture after its good performances in the Russian car financing market - Seite 2
transfer will support credit sales, one of the main drivers for the Russian
car market. This will make loans more accessible to the public and will
increase not only the share of cars sold on credit in Russia, but also the
car market'.
Thierry Laborde, CEO of BNP Paribas Personal Finance: 'By transferring all
Sberbank's POS car loan activity to Cetelem Bank, the business portfolio of
the JV will significantly grow compared to what was initially planned. This
strategic project will deliver additional revenue in the next 5 years to
BNP Paribas Personal Finance in Russia. This new development is the
testimony of BNP Paribas Personal Finance's know-how in finance on the
point of sale and partnership with distributors and shows the satisfaction
and trust shared by both shareholders about Cetelem.'
Andrey Lykov, CEO, Cetelem Bank Llc: 'Cetelem Bank has clear advantages in
the car loan market. We operate on a modern instant credit decision
technology in the dealership. Our clients get best in class services
including simple and transparent client products and comprehensive
consulting as well as a wide range of repayment channels. Our partners can
rely on an individualized approach, diverse forms of cooperation in issuing
car loans, tailor-made credit solutions and services'.
***
Sberbank of Russia is the largest bank in Russia and holds almost one-third
of aggregate Russian banking sector assets. The Central Bank of the Russian
Federation is the founder and principal shareholder of Sberbank owning 50%
of the Bank's authorized capital plus one voting share. The rest of the
shares are held by international and domestic investors. More than 100
million individual customers bank with Sberbank and about 1 million of
businesses. The Bank has the largest distribution network in Russia with
more than 18,000 offices as well as subsidiaries in 20 countries including
the CIS, Central and Eastern Europe and Turkey.
The Bank holds the general banking license No.1481 issued by the Bank of
Russia.
The official website is www.sberbank.ru.
For further information: Alexander Baziyan - tel. +7(495) 957 5721,
media@sberbank.ru
***
Cetelem Bank Llc offers a wide range of consumer lending products to its
customers that includes personal loans, auto loans, credit cards and cash
loans. Products are available in Cetelem Bank's points of sale - retail
stores and auto dealers. Cetelem Bank is constantly expanding its
geographical presence. Currently the bank operates across 67 regions of
the car loan market. We operate on a modern instant credit decision
technology in the dealership. Our clients get best in class services
including simple and transparent client products and comprehensive
consulting as well as a wide range of repayment channels. Our partners can
rely on an individualized approach, diverse forms of cooperation in issuing
car loans, tailor-made credit solutions and services'.
***
Sberbank of Russia is the largest bank in Russia and holds almost one-third
of aggregate Russian banking sector assets. The Central Bank of the Russian
Federation is the founder and principal shareholder of Sberbank owning 50%
of the Bank's authorized capital plus one voting share. The rest of the
shares are held by international and domestic investors. More than 100
million individual customers bank with Sberbank and about 1 million of
businesses. The Bank has the largest distribution network in Russia with
more than 18,000 offices as well as subsidiaries in 20 countries including
the CIS, Central and Eastern Europe and Turkey.
The Bank holds the general banking license No.1481 issued by the Bank of
Russia.
The official website is www.sberbank.ru.
For further information: Alexander Baziyan - tel. +7(495) 957 5721,
media@sberbank.ru
***
Cetelem Bank Llc offers a wide range of consumer lending products to its
customers that includes personal loans, auto loans, credit cards and cash
loans. Products are available in Cetelem Bank's points of sale - retail
stores and auto dealers. Cetelem Bank is constantly expanding its
geographical presence. Currently the bank operates across 67 regions of
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