RAIFFEISENBANK is implementing a refinancing program jointly with the MUSA MOTORS international automotive association. The bank has begun refinancing other banks’ auto loans. Under the set procedure, clients may exchange an automobile bought on credit for a new car at any of MUSA MOTORS car show rooms, provided the automobile is under five years old. As a result, the RAIFFEISENBANK crediting program enables a client to become the owner of a new car. Loans for car purchases will be released for up to five years. Foreign currency loans will cost 9.0% annually and rouble ones 11% to 14% a year.
Source: M3 MEDIA, August 15, 2006
