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Russia’s Raiffeisenbank lowers interest rates on Hyundai and KIA car loans

Raiffeisenbank customers are being offered a special promotion in which interest rates on Hyundai and KIA car loans will be from 11% per annum in roubles under the standard programme and from 13% under the «Autoexpress» programme. This promotion will run until August 31, 2013.

«Joint programmes between banks and car makers will soon be one of the key drivers of growth in the car loans market. In such programmes interest rates may be reduced by an average of 2-3 percentage points compared to the standard rates, which makes these loans more accessible to our customers,» said Natalia Morozova, head of the Car Lending Development Division at ZAO Raiffeisenbank.

For more information about the special terms and conditions of Raiffeisenbank car loans, go to the site.

ZAO Raiffeisenbank is a subsidiary of Raiffeisen Bank International AG. Raiffeisenbank ranks 12th among the Russian banks in terms of assets, based on Q1 2013 results (Interfax-CEA). According to the same Interfax-CEA data, ZAO Raiffeisenbank ranked 5th in terms of liabilities of individuals and 10th with regard to consumer lending.

Raiffeisen Bank International AG (RBI) 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. 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. In total, more than 59,000 employees serve some 14.2 million customers through more than 3,000 business outlets, the great majority of which are located in CEE. 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, the remainder is in free float. RBI’s shares are listed on the Vienna Stock Exchange. 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.


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