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06.09.2007 /Auto loans
 BSGV announces decrease of Ruble rates for all car loan programs
Banque Societe Generale Vostok (BSGV) has decreased Ruble rates for all car loan programs. Now they start from 13% in Moscow and from 11% in other regions where the bank is present.
Decreasing the rates BSGV aims at sustaining the strong growth obtained since the beginning of the year. At the moment BSGV car loan portfolio is over RUB 5.5 bln, which is +30% comparing to the beginning of the year. BSGV is ranked 8th in car loan production in the first half of 2007 in Moscow and 4th in Saint-Petersburg (source: RBC Rating, August 2007).
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