ZAO Raiffeisenbank and SUZUKI MOTOR RUS, LLC will expand lending under Suzuki Finance program. The offer is available for all official Suzuki dealerships in the Russian Federation.
As part of the program, Raiffeisenbank offers its customers three different lending options. For a one-year loan, the upfront payment equals 40% of the car’s proce with interest rate at 2.5% (5.5% for a simplified documentation process). For a two-year loan, a customer will pay 30% of the car’s price upfront with a 5.5% (8.5% for a simplified documentation process). A customer wishing to get a three-year loan will have to pay 20% of the car’s price as initial installment, with interest rate set at 9.5% (12.5% for a simplified documentation process).
«Raiffeisenbank has always held a strong position in the car finance market,» says Andrey Stepanenko, member of the Board of ZAO Raiffeisenbank, Head of Retail Private Individuals Directorate. «Now that this segment is recovering after the crisis, the conditions are right to offer new loan products to customers. And it is particularly pleasing to develop specialized programs together with a large and reliable member of the car industry like Suzuki.»
«We are glad to have a trusted and experienced partner such as Raiffeisenbank join Suzuki Finance program,» commented Shodji Shigeru, general director of SUZUKI MOTOR RUS, «This has helped us create special lending terms for Suzuki aficionados which will make purchasing our cars a particularly lucky decision.»
Loans under Suzuki Finance program are issued for purchase of Suzuki SX4 HB, Suzuki Splash and Suzuki Kizashi.
Car makers Suzuki were founded in 1909. Today Suzuki’s production focuses on compact fuel-efficient cars, as well as motorbikes, boat engines etc. Every year, Suzuki sell over 2mn cars and 3mn motorcylces worldwide. The corporation is respesented in 196 countries. Suzuki cars are produced in 23 countries. Suzuki employ over 51,000 people.
Suzuki has operated in Russia since 1998. SUZUKI MOTOR RUS, LLC is the official importer of Suzuki Motor Corporation products in the Russian Federation. Currently, over 57 official Suzuki dealerships operate in the country.
ZAO Raiffeisenbank is a subsidiary of Raiffeisen Bank International AG. Raiffeisenbank ranks 9th among the Russian banks in terms of assets, based on 2010 results (Interfax-CEA). According to the same Interfax-CEA data, ZAO Raiffeisenbank ranked 6th in terms of private deposits and 8th with regard to consumer lending.
Raiffeisen Bank International AG regards both Austria, where it is a leading corporate and investment bank, and Central and Eastern Europe (CEE) as its home market. In CEE, RBI operates an extensive network of subsidiary banks, leasing companies and a range of other specialised financial service providers in 17 markets. More than 59,000 employees service about 15 million customers through around 3,000 business outlets, the great majority of which are located in CEE. RBI is the only Austrian bank with a presence in both the world’s financial centres and in Asia, the group’s further geographical area of focus. Raiffeisen Bank International is a fully-consolidated subsidiary of Raiffeisen Zentralbank Oesterreich AG (RZB). RZB indirectly owns around 78.5 per cent of the common stock, which is listed on the Vienna Stock Exchange; the remainder is in free float. RZB is the central institution of the Austrian Raiffeisen Banking Group, the country’s largest banking group, and serves as the group head office of the entire RZB Group, including RBI.