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Finance 29/01/2010 Rusfinance Bank become partner of Uz-Daewoo Finance
Rusfinance Bank become partner of Uz-Daewoo Finance
Tashkent, Uzbekistan (UzDaily.com) -- Rusfinance Bank, subsidiary of Societe Generale in Russia, became the partner of Uz-Daewoo Finance, which is realized in Russia. The peculiarity of the programme is complex approach to crediting and insurance.

The bank works on express-crediting scheme, when credit is registered at car sales offices on two documents – passport and driving license. There is no need to confirm income, the bank said. The decision on credit allocation is adopted in 30 minutes. Debtors can repay loan ahead schedule and without sanctions.

Rusfinance Bank also offers additional services line vehicle insurance and life insurance on attractive rates during crediting period. The rate is single for all independently from their age, experience and number of insurance cases. Expenses on insurance are included to monthly credit payments.

GM Uzbekistan JV (former Uz-Daewoo Auto Co.) produces Nexia and Matiz vehicles in Asaka city. The plant was launched in 1996. Localization level is over 60%. Uz-Daewoo dealers’ network exists in the CIS states, including in 76 Russian cities.

According to Automobile Producers’ Committee of the European Business Association, Uz-Daewoo entered to Top-10 of the most sold foreign cars in Russia.

Rusfinance Bank is 100% subsidiary of Societe Generale in Russia and it is part of Rusfinance, which started its activity in June 2004. The Rusfinance Group specializes on allocation of consumer credits through its 8,000 partners and own regional network in 64 regions in Russia. The group services over 2 million clients.

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