trending Market Intelligence /marketintelligence/en/news-insights/trending/jJbFASQqB1IY7j2kCnvc-g2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

SocGen's Russian unit to exit point of sale lending amid slowing growth

StreetTalk – Episode 70: Banks' Liquidity Conundrum Could Fuel M&A Activity

Street Talk Episode 70 - Banks' Liquidity Conundrum Could Fuel M&A Activity

StreetTalk – Episode 69: Banks left with pockets full of cash and few places to go

Street Talk – Episode 69: Banks left with pockets full of cash and few places to go


SocGen's Russian unit to exit point of sale lending amid slowing growth

Société Générale SA's Russian unit, PJSC ROSBANK, decided to exit the point of sale, or POS, lending segment to focus on business areas with greater growth potential.

The lender said in its Oct. 15 filing that the segment has been growing slowly during the last few years and has limited prospects for further development due to increasing penetration of digital banking services among clients and changes in customers' behavior.

LLC Rusfinance Bank, through which Rosbank Group offers POS lending services, will maintain its partnership with local retail chains until the end of 2019, after which it will terminate this type of service and focus on car loans, a segment in which it already holds a strong position.

Rosbank will continue to operate in other retail banking segments in Russia and will also develop its transactional business, focusing on the digitalization of services.

Similar decisions to exit the POS lending segment were taken by PAO Sberbank of Russia in 2017 and JSC Alfa-Bank in 2018, Kommersant said Oct. 17.

However, Russia's top POS lending market players — OOO Home Credit and Finance Bank, PJSC Post Bank, Commercial bank Renaissance Credit (LLC), PJSC MTS Bank and OTP Bank Nyrt. unit JSC OTP Bank — believe POS lending still has potential and they have no plans to exit the segment, the newspaper noted.