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VTB finances Europlan

 
26 June 2013
VTB Bank has opened a four-year RUB 5bn credit line to finance ZAO Europlan’s leasing deals.
 
 
 
 
«VTB works closely with some of Russia’s biggest leasing companies. I am confident that the financing that VTB provides to Europlan will promote its stable growth and strengthen its leading position in the Russian retail auto leasing market.»
Yuri Soloviev,
First Deputy President and Chairman of VTB Bank Management Board

For reference:

Founded in 1999, Europlan is the biggest 100% foreign-owned auto leasing company in Russia. Owned by Baring Vostok Private Equity Fund and Capital International Private Equity Funds, Europlan specialises in providing a full set of auto financial services to individuals, businesses and entrepreneurs across the Russian Federation. Its regional network, which includes over 80 offices and branches in 80 regions of Russia, has been expanding steadily. The company has signed more than 100,000 contracts with 52,000 corporate and individual clients representing dozens of Russian economic sectors, varying from major international operations to small family businesses. This is facilitated by a wide range of leasing products offered by Europlan and its large-scale leasing operations under programmes covering more than 40 vehicle models. Financial indicators (IFRS 2012): RUB29.4bn in assets; RUB5.4bn in capital assets; RUB5bn in leasing revenues.


Tags:
lending

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