Background

IBEC finances Russian car leasing

IBEC develops cooperation with the largest Russian auto leasing company Europlan. The Bank opened a credit line for over 2 billion rubles for a period of 3 years. Financing is provided within the framework of the agreement concluded between IBEC and Europlan in June this year on the sidelines of the St. Petersburg International Economic Forum. The funds will be used to expand leasing programs for Russian small and medium-sized businesses.

The infrastructure of Europlan and the geography of sales points make vehicle leasing affordable and easy for any Russian enterprise. Since 2015, Europlan has been a key participant in the government subsidy programs of the Ministry of Industry and Trade of the Russian Federation. Europlan's leasing partners are more than 60 car manufacturers and importers, as well as over 4,000 dealerships throughout the country. The company provides legal entities and individuals with a full range of services for leasing and further operation of cars, trucks, commercial vehicles, and special equipment.

The cooperation of IBEC and Europlan is a partnership for sustainable development. Support for small and medium-sized businesses, which are the main clients of Europlan, is especially relevant in the context of a pandemic, and contribute to optimizing costs, maintaining competitiveness, and ultimately helps to maintain demand, economic growth, and create new jobs.

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