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Car loans

Car loans provide customers with the easy financing of new or used cars. The loan is typically a 3-4 year product issued at the car dealerships (“point of sales”) and collateralized by the Security Transfer Ownership of the financed car. In Russia, car loans were temporarily suspended in October 2008 for risk management reasons in response to current market conditions. Their underwriting continues being untouched in the Czech Republic and Slovakia. The strategy of this product re-introduction in Russia is under continuous review as the market evolves.

Typical distribution channels:

• point of sales (car dealerships)

Distribution channels may vary in individual countries.