The RUSSIAN STANDARD Bank has lent over $1.0 billion in car credits since launching the program in 2003, the bank’s press service reported. In 2006, RUSSIAN STANDARD issued over $690 million worth of car credits. Product line modification and sales network development last year enabled the bank to sizably boost car credits and to augment the relevant credit portfolio more than sevenfold. RUSSIAN STANDARD currently cooperates with over 3,000 car showrooms throughout Russia.
Source: WWW.NOVECON.RU, March 13, 2007
