Groupe PSA and Rosbank Group are extending their cooperation in Russia

    11 September

Groupe PSA and Rosbank Group are extending their cooperation in Russia with a new partnership between the two groups in order to boost the development of their commercial and financial activities. Rusfinance Bank, leader in car financing in Russian market, will finance Peugeot, Citroen and Opel dealers in Russia and will provide, with Rosbank Leasing, retail financing offers to Peugeot, Citroen and Opel customers.

Commenting on this announcement, Paul Willcox, Chairman of Groupe PSA for EURASIA Region, declared: “This agreement is key to support Groupe PSA strategic ambition in Russia. This partnership with Rusfinance Bank and Rosbank Leasing will enable to offer competitive interest rates to dealers and to customers of Peugeot, Citroën and Opel brands in Russia.”

“We are glad to announce this cooperation agreement between our two companies with French roots. This transaction is fully in line with our development strategy in car loan business. Rusfinance bank as a part of Rosbank Group is ready to provide wholesale financing to the dealers as well as competitive retail loan offers and high quality service to Groupe PSA customers, as we have wide expertise in this sphere. I’m sure that this agreement will make a positive impact on both Groups’ businesses”, - Serge Ozerov, Rusfinance Bank CEO said.

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