In 2006, ABSOLUT BANK led the Russian market in terms of auto loan growth rates, according to the RBC Rating agency. Over the year, the bank’s auto loan portfolio grew 18.5 times as a result of successful implementation of the bank’s strategy, a working relationship with show rooms and dealerships, and a high profile in regions. In 2007, ABSOLUT BANK intends to maintain high growth rates and expand the geography of sales by opening new sales offices across Russia. There are also plans to expand the line of auto loan programs.
Source: ABSOLUT BANK PRESS SERVICE, March 5, 2007
