GAC will explore the possibility of a corporate bank in Russia

GAC will consider the possibility of introducing a corporate bank on the Russian market to provide financial support to car buyers. This was announced on November 20 by the deputy president of GAC international, Lu Weicong, the Izvestia correspondent reports from the headquarters of the Chinese automaker in Guangzhou.

"We are interested in strengthening GAC's position in the Russian market and will study the need for leasing and the creation of a corporate bank in Russia. We understand that this will allow us to provide consumers with interesting financial products for car purchases. This is a matter of the future development of our services, and this requires an in—depth analysis," he said.

Currently, the company is focused on working with Russian partners who provide financial instruments for the purchase of cars, said the top manager of GAC.

Let's go for a ride, pretty woman: sales of new cars increased by a third

The Russian car market has set a new record and is on the verge of transformation.

On November 17, the National Bureau of Credit Histories (NBKI) estimated that 121.1 thousand car loans for new and used cars were issued in Russia last month. This is 1.4% less than in October last year, but 2.8% more than in September this year.

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