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21.02.2007 /Auto loans
MDM Bank Retail Loan Results
- The retail loan portfolio of MDM Bank exceeds USD 1 bln. The Bank’s retail loan portfolio mostly consists of autoloans, where MDM Bank is retaining the leadership position.
02.03.2007 /Auto loans
MBRD is in TOP20 Car Loan Leaders
- In 2006 the Bank originated 10,211 car loans totaling $155,946 USD which is 3.3 times higher that the previous year results. MBRD’s car loan portfolio accounted for $149,575 USD as of January 1, 2007.
14.03.2007 /Auto loans
UkrSibbank has rendered $200 mln. for commercial cars purchase
- Credit portfolio of the SME Department of JSCIB "UkrSibbank" on commercial car lending has topped $200 mln. More than 15000 entrepreneurs have been rendered a commercial car credit.
12.04.2007 /Auto loans
MBRD: 3.5 Fold Increase in Car Loan Origination
- According to the survey held the car loan share in MBRD's retail lending portfolio accounted for 43% as of reporting date. The total volume of loans granted to individuals exceeded 9,135 mln RUR.
23.04.2007 /Auto loans
SLAVINVESTBANK and Russian Insurance Company have signed a cooperation agreement
- This partnership broadens possibilities of insurance for the Clients of SLAVINVESTBANK who are purchasing a car with a loan from the Bank.
16.05.2007 /Auto loans
Raiffeisen closes benchmark securitisation in Russia.
- A securitisation of auto loans in the amount of 400 million US-dollars, originated by ZAO Raiffeisenbank Austria has successfully been placed with international investors. Under the transaction Raiffeisenbank has sold a portfolio of auto loans to a special-purpose entity named ROOF Russia S.A.
30.05.2007 /Auto loans
CREDIT EUROPE BANK and ALLIANCE MOTORS started cooperation in car loans
- CREDIT EUROPE BANK and ALLIANCE MOTORS company, official dealer of HAFEI, CHERY, GREAT WALL and FAW brands, offer to buy new vehicle using car finance programs: autoexpress loan, classical car loan and autoexpress without insurance.
09.06.2007 /Auto loans
The Bank's Saint Petersburg car loan portfolio reached 1 billion rubles
- The volume of car loans issued by Bank "Saint Petersburg" in the last 12 months reached 1 billion rubles. The Bank entered the Saint Petersburg car crediting market in 2006 and declared itself as its serious participant quite quickly.
10.08.2007 /Auto loans
US$ 30,000,000 Car Loans Receivables Backed Syndicated Term Loan Facility
- Credit Bank of Moscow signed an 18 month US$30,000,000 Car Loans Receivables Backed Syndicated Term Loan Facility. The proceeds will be used towards the financing of the Bank's present and future portfolio of car loans.
22.08.2007 /Auto loans
New MRDB's Car Lending Programs
- The annual interest rate for new vehicles is 10.5% for USD loans, maximum tenor - 7 years. And for used foreign vehicles the rate is 11.5% (USD loans), maximum tenor - 5 years.
22.08.2007 /Auto loans
Ruble Tariffs on MBRD’s Car Lending Programs
- Loan amount is 30,000 RUB – 2,400,000 RUB, maximum tenor – 7 years, annual interest rate - 12%. Every client gets MBRD's card as a present.
29.08.2007 /Auto loans
For a half year UkrSibbank has rendered 22 thousand car loans
- or the first half of 2007 the bank granted 22 thousand auto loans in total amount of USD 330 mln. Auto loans rendered in national currency (for the first six months of 2007) amounted to 14%.
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.
07.11.2007 /Auto loans
MBRD at “Car Lending in Russia-2007” Forum
- Alexey Yakushin made a presentation on "Regional Lending Market: growth and development perspectives". It took place during "Marketing. Car Lending Promotion. Consumer Research" plenary session.
05.12.2007 /Auto loans
Average car loan amount for a new vehicle purchase made up $15000 - $16000 in September and November
- The largest niche in "UkrSibbank's" loan portfolio belongs to such brands as CHEVROLET, MITSUBISHI, VŔZ, DAEWOO, HYUNDAI, TOYOTA and KIA, both in terms of the number of cars financed by the Bank, and of the amount of loans rendered.
24.01.2008 /Auto loans
BSGV has decreased car loan rates
- Starting from January 23, 2008 the rates are from 11% in Moscow and Saint-Petersburg. In other regions where BSGV is presented ruble rates for used car purchase have been decreased to 13%.
15.02.2008 /Auto loans
Alfa-Bank made 4.5 bn RUR Auto Loans under GM Finance Program
- Alfa-Bank and General Motors CIS announced first-year results of their joint program on auto lending — GM Finance. Under the program Alfa-Bank made 13,000 loans for the total amount of nearly 4.5 bn rubles. Totally in 2007, Alfa-Bank made 32,000 loans for over 12 bn rubles
19.02.2008 /Auto loans
MBRD Closes Its First Car Loan Securitisation Deal
- MBRD has securitised part of its car loan portfolio. This deal will provide the Bank with the funding in the amount of 1.499 bln RUB.
19.03.2008 /Auto loans
The Bank of Moscow announces changes to the terms of its "Express-autocredit" programme
- The credit term for both Russian-made and foreign-made cars and second-hand foreign-made cars (no more than 2 years old at the time of purchase) has now been extended to 5 years.
24.03.2008 /Auto loans
BSGV Leasing and Major Auto make a special offer for small and medium business
- In the framework of the offer you will be able to buy in leasing Volvo, Land Rover, Volkswagen, Peugeot, Opel, Nissan, Honda, Ford, Mazda, Saab, Chrysler on preferential terms.
26.03.2008 /Auto loans
The Bank of Moscow has announced the launch of a programme for refinancing of auto credits
- Within the framework of the given programme, borrowers may exchange their cars bought on credit for new ones.
23.05.2008 /Auto loans
Absolut Bank improved the terms for the car loan refinancing
- The loan rate makes up from 9% APR in US dollars and Euros and from 11% APR in Russian rubles. The loan is issued to the amount of from 3,000 US dollars or Euros and from 90,000 Russian rubles to 200,000 US dollars or Euros (and 6,000,000 Russian rubles). The loan term may be as long as 7 years.
31.05.2008 /Auto loans
MBRD Launches Federal Wide Car Lending Program
- MBRD initiates "From hands to hands" car lending program in 56 Russian regions with the participation of 16 Bank's branches. According to the program the Bank originates car loans for used foreign-made vehicles ("B" driving category – passenger cars). Deals provided between individuals without participation of any car dealers.
09.06.2008 /Auto loans
BM Bank has launched cooperation with the UkrAUTO corporation
- Inna Matveyeva, Head of the Sales Administration Section of the Department of Retail Business: "We offer our borrowers car loans with or without the initial installment for a period of 7 years. Loan rates vary from 9,49% to 18% depending on the currency, periods and the terms of credit".
05.08.2008 /Auto loans
ORGRESBANKS offers free cards to clients with auto loans
- This offer applies to private individuals, who have taken out a loan in ORGRESBANK to purchase a car. These customers are issued a MasterCard Standard or a Visa Classic card with a broad range of value-added services, namely receiving on-line card account balance information on the Internet.
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