Rosbank Avto

Rosbank Avto (Russian: Росбанк Авто) is the auto-lending division of Rosbank, a major Russian universal bank. Until January 2021, the entity operated as Rusfinance Bank (ООО «Русфинанс Банк»), a standalone consumer finance bank that focused on car loans, credit cards, and acquiring services. Rusfinance Bank was originally founded in 1992 as Promek-Bank (Промэк-Банк), backed by the Samara-based financial-industrial group SOK. In 2005, the French banking group Société Générale, through its subsidiary Rusfinance, acquired the bank; the name was changed to Rusfinance Bank in 2006. Under Société Générale, Rusfinance Bank became a leading player in the Russian auto-lending market, ranking first by volume of car loans issued through auto dealer networks in the first half of 2011, according to RBC. In January 2021, Rusfinance Bank was merged into Rosbank and reorganized as a branch named Rosbank Avto, concentrating exclusively on car lending. The branch was recognized by dealers as the best universal banking partner of the year at the FinAuto-2021 forum. Rosbank itself was part of Société Générale's international financial group until 2022, when the French group sold its Russian operations. Rosbank Avto continues to provide auto loans and related financial services in the Russian market.

The institution that became Rosbank Avto was founded in 1992 as Promek-Bank (Промэк-Банк), with a core focus on consumer lending, including auto loans and credit cards. It was owned by the Samara-based financial-industrial group SOK. In 2005, the French financial group Société Générale, through its subsidiary Rusfinance, acquired the bank. Following the completion of the deal in 2006, the bank was renamed Rusfinance Bank (Русфинанс Банк). Under Société Générale, Rusfinance Bank expanded its consumer finance operations, particularly auto lending, and also provided acquiring services and issued Visa and MasterCard cards. According to RBC, in the first half of 2011, Rusfinance Bank ranked first in the volume of auto loans issued through the auto dealer network. In January 2021, Rusfinance Bank was merged into Rosbank and reorganized as a branch named Rosbank Avto, specializing exclusively in auto lending. Later in 2021, at the FinAuto-2021 forum "Financial Instruments of the Auto Market," the Rosbank Avto branch was recognized by dealers as the best universal banking partner of the year. Rosbank, the parent, was part of Société Générale's international financial group until 2022, when the French group divested its Russian operations. Rosbank Avto continues to operate as the auto-lending arm of Rosbank in the Russian market.

• 2021

  Merged into Rosbank and reorganized as a branch named Rosbank Avto in January 2021.

• 2021

  Recognized by dealers as the best universal banking partner of the year at the FinAuto-2021 forum.

• 2011

  Ranked first by volume of auto loans issued through auto dealer networks in H1 2011 (per RBC).

• 2006

  Renamed Rusfinance Bank after completion of the acquisition.

• 2005

  Acquired by Société Générale through its subsidiary Rusfinance.

• 1992

  Founded as Promek-Bank, focused on consumer lending including auto loans and credit cards.

Specialized auto-lending branch of Rosbank, recognized as a leading universal banking partner for auto dealers in Russia.

• Auto loans

  Car loans provided through auto dealer networks.

• Consumer loans

  General consumer lending (historical focus before 2021).

• Credit cards

  Credit card issuance (historical).

• Acquiring services

  Payment acquiring services (historical).

• Visa and MasterCard card issuance

  Issuance of cards of Visa and MasterCard payment systems (historical).

1. 1Rosbank Avto - Wikidatawikidata.org
2. 2Росбанк Авто - Wikipedia (Russian)ru.wikipedia.org