As the result of 2007 “ORGRESBANK”, JSB, was the first bank in the rating of the banks, which showed the maximum growth dynamics of autimobile credits portfilio, and was included in Top 35 of Russian banks in the volume of loans granted for the acquisition of a car*. As of January 1, 2008, the portfolio of automobile credits of “ORGRESBANK”, JSB, made up more than 1 Milliard Roubles.
“ORGRESBANK” grant its clients the credits for the purchase of new and second-hand cars both Russian and foreign, at the rate of 9% per annum in USD and 10% in Roubles. It is possible to buy a car without initial instalment, to repay the credit in advance without limitations and penalty provivions. These conditions are one of the most attractive at the market, and it is confirmed by the 6th position of the Bank in the rating of the best credit programmes*.
Development of retail business and namely crediting is one of the priority direction of the Bank development. “ORGRESBANK” offers hypothec, automobile and consumer crediting, carries out joint programmes with large car dealers, insurance companies and credit brokers. The total portfolio of retail credits reached the amount of 5 Milliards Roubles in the middle of April.
* “Finance” magazine. Issue No.15 (250), April 14 – 20, 2008, pp. 40-43.