Societe Generale to buy Russia's Promek

Newswire

PARIS, March 30 (Reuters) - French bank Societe Generale said on Wednesday it was buying Russia's Promek Bank, a provider of consumer credit particularly for car loans, but gave no financial details of the transaction. Societe Generale said the deal should be completed in the coming months, and would be submitted to Russia's central bank and competition authorities for approval. The bank has $75 million in consumer credits, two-thirds of which are for car loans -- an area in which ...

Premium Content (PAID Subscription Required)

"Societe Generale to buy Russia's Promek" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:

  All of WardsAuto's reliable, in-depth industry reporting and analysis
  Hundreds of downloadable data tables including:
  •   Global sales and production data by country
  •   U.S. model-line inventory data
  •   Engine and equipment installation rates
  •   WardsAuto's North America Plant by Platform forecast
  •   Product Cycle chart
  •   Interrelationships among major OEMs
  •   Medium- and heavy-duty truck volumes
   •  Historical data and much more!


For WardsAuto.com pricing and subscription information please contact
Amber McLincha by email: amclincha@wardsauto.com or phone: (248) 799-2622
 

Current subscribers, please login or CLICK for support information.

Sponsored Introduction Continue on to (or wait seconds) ×