OREANDA-NEWS. May 31, 2011. The Bank of Moscow has entered into a credit agreement with Genser Group, the amount of credit being RUR 400 mln. The fund are intended to support the current business of the auto dealer. The duration of the agreement is 2 years.

The agreement signed with the leading car retail business in Russia is the beginning of a long-term partnership.


The Bank of Moscow offers trading companies up-to-date financial products aimed at the optimisation of the companies’ cash flow.

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Genser Group represents on the Russian market Nissan, Infiniti, Chevrolet, Opel, Cadillac, Hummer, Saab, Mazda, Volkswagen, Ford, Land Rover, Hyundai and Toyota. The Group is among the world’s and Russia’s leaders in the sales of Infiniti, Nissan, Chevrolet and Opel, and holds a leading position in the sales of Ford, Hyundai, Cadillac and Mazda.

In 2010 the volume of car sales in the Group’s auto centres amounted to 35 438 cars. 26 932 cars were sold in Moscow and 8 506 cars in the regions. The proceeds (exclusive of VAT) from all the services amounted to RUR 30.4 bln. The sales margin reached RUR 3.3 bln or 10.74% of proceeds.