Uniastrum Bank Posts 67% Surge in Auto Loan Demand
OREANDA-NEWS. April 25, 2013. Figures released by RosBusinessConsulting news agency show Uniastrum placing among Russia’s Top-20 biggest auto financers in 2012. As of January 1, 2013, the Bank’s auto credit portfolio weighed in at around Rb 5.5 bn, earning Uniastrum the number 17 slot in the RBC rankings.
Last year the Bank issued Rb 2.7 bn in auto finance, of which over Rb 2.1. bn was spent on new vehicles and Rb 552 mn on second-hand buys. In the upshot, Uniastrum placed 19th and 18th for new and second-hand automobile purchase loans in 2012.
Uniastrum’s auto finance department reports that new-buy loans are most commonly used for Mazda, Chevrolet, Toyota, Nissan, and Honda, while the most popular second-hand purchases are Toyota, BMW, Mercedes-Benz, Nissan, and Ford.
“Uniastrum’s auto finance options for retail customers include loans for passenger and commercial vehicles,” notes Egor Shkerin, Head of the Bank’s Network Sales and Development Division. “Our impressive rankings and the sustained annual uptrend in auto loan volumes show that our programs are perfectly attuned to the current mood of the general public”.
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