Rosbank merged with Rusfinance Bank

    03 March

Rosbank has completed reorganization in a form of merger with Rusfinance Bank LLC. The entry on the reorganization of PJSC Rosbank and termination of the activities of the organization controlled by the issuer was made today in the Unified State Register of Legal Entities.

The decision to merge was made taking into account the successful experience of integrating the mortgage business and the formation of unified centers of expertise in Rosbank. Simultaneously with the reorganization, the bank opened a branch called Rosbank Auto, which provides a full range of car lending services, based on the long-term expertise of Rusfinance Bank LLC, one of the leaders of the Russian car loan market.

Taking into account the creation of Rosbank Auto branch, the simplified structure of Rosbank opens up new opportunities for car loans to customers and partners, gives access to all the services of a universal bank, as well as to leasing products and long-term car rental.

The concept of "Auto" reflects the essence of the ecosystem, which provides access to a wide range of services and products related not only to the purchase of a car, but also to the comfortable further use. Clients will have access to a marketplace for remote booking and purchase of cars for cash or credit, the possibility of online registration of an application for a car loan and insurance products, a selection of offers from maintenance partners, remote assessment of the cost of the vehicle and many other useful options.

"The process of merger of Rusfinance Bank with Rosbank has been completed. Thanks to the reorganization, additional resources are available for the growth of Rosbank car loan business, reducing the time for launching new products and services to the market, and digitalizing them. Due to this competitive advantage, as well as greater synergy and cross-sales, we plan to remain the leaders of the car loan market in Russia, anticipate the needs of clients and continue to work together with partners-dealerships and brands",  commented Alexey Lola, Member of the Management Board - Retail Director of Rosbank.

After merging with its subsidiary, Rosbank became the legal successor for all rights and obligations of Rusfinance Bank. The format and terms of client service have not changed.