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Raiffeisenbank resumes issuing USD car loans

Raiffeisenbank has resumed issuing USD loans under its new-car-purchase programme.

Under the terms of its programme for the purchase of new foreign cars, interest rates are from 11.5% to 13.5% APR if the borrower takes out payment-protection insurance, and from 14% to 16% if he does not do so. The minimum deposit is 20% of the car’s cost.

USD car loans can be taken out in any region where the Bank operates.

Raiffeisenbank made changes to its car-loan tariffs in October 2009, when it lowered the interest rates on all roubles programmes by 4.5%.

You can find full information on the terms of all Raiffeisenbank car-loan programmes on the Bank’s website, under «Car Loans for Individuals».

ZAO Raiffeisenbank is a subsidiary of Raiffeisen International Bank-Holding AG. Raiffeisenbank is ranking 9th in terms of assets among the Russian banks based on 2009 results (Interfax-CEA). According to Interfax-CEA, ZAO Raiffeisenbank ranked 5th in Russia in terms of private deposits and 8th in consumer lending in Russia based on 2009 results.

Raiffeisen International operates one of the largest banking networks in CEE, covering 17 markets across the region through subsidiary banks, leasing companies and a range of other financial service providers. The group’s nearly 59,000 employees service around 15 million customers via more than 3,100 business outlets. Raiffeisen International is a fully-consolidated subsidiary of Raiffeisen Zentralbank Osterreich AG (RZB), which owns about 70 per cent of the common stock. The remainder is in free float, with the shares listed on the Vienna Stock Exchange. RZB is a leading corporate and investment bank in Austria and the central institution of the Austrian Raiffeisen Banking Group, the country’s largest banking group.


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