OREANDA-NEWS. August 12, 2011. In the first half-year, the number of granted credits intended for the purchase of cars was 1219. The share of PRAVEX-BANK on the market of car credits is growing constantly. At present, PRAVEX-BANK is among the five banks being leaders in the sphere of car credits, reported the press-centre of PRAVEX-BANK.

"It's not only the attractive conditions that allow our Bank to be among the TOP 5 banks extending car credits. We managed to achieve this result also due to honest and transparent crediting conditions. You know, PRAVEX-BANK charges no commissions. As for extending credits in summer, our Bank has not felt the traditional recession in crediting. On the contrary, the number of car credits granted in the recent month has exceeded by 31% in terms of percentage as compared with the preceding month," Oleg Zayats, Director of the Retail Segments Department of PRAVEX-BANK, said.

The purchase of a car on credit is a splendid opportunity to plan one's expenses in an efficient manner. At present, the car credit program of PRAVEX-BANK is one of the most beneficial on the market: the minimum interest rate is 14.99%, the term of credit ranges between 1 year and 7 years, and the minimum primary contribution is 20%. There are no single and monthly commissions or additional insurance. PRAVEX-BANK offers a standard and annuity schedule of repayment of a credit intended for the purchase of a domestic or foreign car as well as cars manufactured in CIS countries. In addition, all our customers can receive a preliminary decision concerning crediting just within several minutes by using a car certificate (one has to apply to the Information Center or a division of the Bank or fill out a special form on the Bank's web site).

"In the second half-year, we plan to increase our car credit portfolio by more than 15% and such figures are feasible since at present, we are one of the key players on the market of car credits and offer profitable and honest conditions," Oleg Zayat0073 summed up.

Also, at the beginning of the second half-year, Pravex-Bank began to develop its mortgage crediting actively, offering one of the most attractive conditions among the offers in this segment.