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Russia’s Raiffeisenbank and Mitsubishi Motors offer new lending terms

Raiffeisenbank and ROLF Import, the exclusive distributor of Mitsubishi Motors cars in Russia, offer an extended financing solution under Mitsubishi Motors Finance.

As part of this joint offer, Raiffeisenbank makes two lending programmes available to its customers.

At the downpayment of 40% of the car price, the loan rate is 4.99% for all Mitsubishi cars.

Customers who prefer to take out a two-year loan will be paying a 7.99% interest on their loan, with the 40% downpayment. This programme applies to purchase of a Mitsubishi ASX 1.8 litres.

The special car financing offer will be available in all official Mitsubishi Motors dealership centres in Russia.

We are trying to make buying of Mitsubishi cars more convenient, accessable and quick. It is for this reason that we are offering our customers new car financing solutions designed to help finance purchase of a car at a reduced interest rate, said Andrey Pankov, CEO of ROLF Import.

Banks are offering car loans on nearly pre-crisis terms. This has resulted in a revived demand for car finance solutions. We are launching special programmes together with major companies in the car market and are constantly working to improve the lending terms, as we are determined to follow the current market trends and react promptly to changes in customers needs and demands, commented Andrey Stepanenko, member of the Board of ZAO Raiffeisenbank, Head of retail private individuals directorate.

ROLF Import
  the General Distributor of Mitsubishi in the Russian market, a member of the ROLF group of companies. The dealership network of Mitsubishi Motors is one of the best developed in Russia and includes 96 dealership centres in 73 cities across the country. In accordance with projected development targets for the network in 2011, the company is going to expand its partnership connections, making purchase and servicing facilities accessible for 95% of Russias population. In September, 2010, Mitsubishi Motors started its own production in Russia, near the city of Kaluga, where it assembles its medium-sized crossover Outlander XL models. In 2011, Mitsubishi Motors plans to reach an output of 9,000 cars at its Russian facility. The car maker has set out to sell 75,000 in 2011 in Russia, winning a 5-per cent share of the local market.

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 worlds financial centres and in Asia, the groups 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 countrys largest banking group, and serves as the group head office of the entire RZB Group, including RBI.


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