OREANDA-NEWS. December 6, 2011. Renaissance Credit, a leading Russian consumer finance bank, today announced a partnership with Tehnosila, one of Russia’s largest electronics and household appliances retail chains.

Renaissance Credit has launched a targeted lending program at Tehnosila stores. Beginning December 1, 2011, Renaissance Credit products will be available to Tehnosila customers at 95 locations in 60 cities of Russia.

“Targeted lending has always been a priority for our business. We are very enthusiastic about this new partnership with one of the leading companies in the electronics and appliance retail sector. Our clients will now have access to Renaissance Credit products in the Tehnosila chain. This will bring us closer to our goal of extending 120,000 more targeted loans via sales networks in the coming year. This new partnership is particularly advantageous as it comes at the beginning of a high season for sales in our segment,” said Nikolay Teplyakov, Vice President and Head of Private-Consumer Lending at Renaissance Credit.

Presently, there are approximately 18,000 Renaissance Credit lending outlets at sales networks. In addition to Tehnosila, the bank has partnerships with Euroset, Svyaznoy, M.Video, Сastorama, Kika, MTS and other chains and stores throughout Russia. The Renaissance Credit distribution network includes 102 branches.