Drive Click Bank (formerly Cetelem Bank)
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Owners
Drive Click Bank (until December 2022, Cetelem Bank) operates in the Russian consumer lending market, specializing in providing loans in customer service locations organized on the territory of the trading space of the Bank's partners.
The bank offers its clients targeted consumer loans, including car loans, as well as credit cards and loans for urgent needs. The bank is a participant in the car loan market and offers a wide range of credit products.
- The Bank is represented in 74 regions of Russia.
- Bank of Russia Banking Licences No. 2168 of 27.06.2013 (perpetual), OGRN 1027739664260.
History
2022: Renaming Drive Click Bank
On December 09, 2022, Cetelem Bank changed its name to Drive Click Bank. The new name more accurately reflects the principles of the bank's operation - a simple and fast process of obtaining a loan for purchasing a car in one click.
2020: Sberbank became the owner of 100% of Cetel Bank
On October 15, 2020, Sberbank announced the purchase of a 20.8% stake in Cetelem Bank from a subsidiary of the French financial group BNP Paribas Personal Finance. As a result of the transaction, the largest credit institution in Russia becomes the sole owner of Cetel Bank.
Today's deal is the result of agreements with BNP Paribas Personal Finance - Leval 20 S.A.S stipulated by the 2012 agreement. I am convinced that integration and the possibility of using Sberbank services will open up new opportunities for Cetel Bank and allow us to provide customers with an even greater range of services, "Kirill Tsarev, head of Sberbank's Retail Business unit, commented on the deal. |
The deal will close in accordance with generally accepted legal procedures, including review and approval by Russian and French regulators. The price of the BNP Paribas package purchased by Sberbank is not indicated.
It is noted that at first Sberbank acquired a 70% stake in Cetelem Bank from BNP Paribas Personal Finance. Then its size was increased to 79.2%, according to data from SPARK-Interfax.
As indicated in the press release, an increase to 100% of Sberbank's share will allow Cetelem Bank to integrate as much as possible with Sberbank's technologies and services and offer customers new products.
The message circulated by Sberbank also notes that Cetelem Bank is the leader in the Russian car loan market in terms of portfolio size and sales. Thus, the "daughter" of "Sberbank" provides loans to individuals in partnership with large automakers and their partners in 75 regions of the country.
From the statements on the Bank of Russia website, it follows that Cetelem Bank's equity in Basel III amounted to 23.8 billion rubles as of September 1, 2020.[1]
Notes
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