March 22, 2017, Moscow - Sberbank provided financing for Russian auto leasing company CARC ADE. This is a debut credit line worth 600 million roubles. Obligations as part of this transaction are to be fulfilled by March 2020. CARCADE will use the attracted funds to finance new auto leasing transactions.

Olga Klyachko, Senior Managing Director, Head of the Financial Institutions Divisions, Sberbank CIB, said: 'Sberbank and CARCADE have been cooperating since 2007, and this credit line is a good continuation of mutually beneficial relations. We have always paid special attention to financing projects in the area of retail leasing, trying to offer companies of the industry the most advanced comprehensive financial services.'

CARCADE is launching a pool of new joint offers with car manufacturers and forecasts an increase in auto leasing applications. The company is planning to finance as many new purchases of car transportation for clients as possible, using loans issued by partner banks for this purpose, too.

Sberbank published this content on 22 March 2017 and is solely responsible for the information contained herein.
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