trending Market Intelligence /marketintelligence/en/news-insights/trending/38u_d0rtgahdFPshQwO8CA2 content esgSubNav
Log in to other products

 /


Looking for more?

Contact Us
In This List

Bank Aleksandrovsky expands car loan portfolio

Blog

Latin American and Caribbean Market Considerations Blog Series: Focus on LGD

BLOG

Banking Essentials Newsletter: June Edition

Case Study

กรณีศึกษา A Bank Takes its Project Finance Assessments to a New Level

Blog

Financial Institutions Factor Transition Risk into Climate-Related Stress Testing


Bank Aleksandrovsky expands car loan portfolio

PJSC Bank Aleksandrovsky said Dec. 9 that it acquired a car loan portfolio from AO Zauber Bank as part of its strategy to increase the value of quality, high-yield assets.

The lender did not disclose the financial details of the transaction but said the value of its retail loan book reached over 370 million Russian rubles after the deal, a more than tenfold increase since the beginning of 2016.

The value of the acquired portfolio amounts to over 100 million rubles, Vedomosti reported Dec. 9. The lender purchased a 235.3 million ruble car loan portfolio from LLC iMoneyBank in July, noting after the transaction that it had plans to bring the value of its car loan book to 1 billion rubles via acquisitions and organic growth.

As of Dec. 9, US$1 was equivalent to 62.69 Russian rubles.