Consumer Finance
Company Overview of BNP Paribas Personal Finance
Company Overview
1 Boulevard Haussmann
Paris, 75009
France
6,517 Employees
Key Executives for BNP Paribas Personal Finance
BNP Paribas Personal Finance Key Developments
Sberbank and BNP Paribas Personal Finance announced the finalization of the creation of their joint Russian POS (Point of Sale) finance bank. The joint bank is headed by Andrey Lykov, former advisor to president and chairman of the board of Sberbank. The joint bank will use a concept of 'responsible lending' developed by Cetelem and supported by Sberbank that looks to provide simple and transparent products with reasonable interest rates which will also benefit the successful growth of the Russian POS market.
Sberbank and Cetelem have signed a binding partnership agreement for a Russian POS, or Point of Sale, finance bank. The Partnership will operate under the Cetelem brand. Sberbank will have a 70% stake in the Partnership, the remaining 30% stake being owned by BNP Paribas Personal Finance France, which owns the Cetelem brand. Partnership operations are planned to start in the summer of 2012 under the retail banking license of BNP Paribas in Russia, Vostok, after the transfer of Cetelem business from ZAO BNP Paribas. During this transfer period, the Parties will apply for all necessary approvals for the joint venture and will continue preparation to ensure a smooth and quick start of the Partnership promptly after closing of the transaction in the summer of 2012. The Partnership will use the concept of "responsible lending" developed by Cetelem and supported by Sberbank that implies providing simple and transparent products to customers with reasonable interest rates.
BNP Paribas Personal Finance Presents at 7th Annual Conference on CEE Card Markets 2012, Mar-19-2012 . Venue: Sheraton Sofia Hotel Balkan, Sofia, Bulgaria. Speakers: Andras Bakonyi.
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