January 18th, 2006. Moscow. - DeltaBank (a wholly owned subsidiary of GE Consumer Finance) reports the opening of 56 additional offices for the sale of credit products and services in its distribution network encompassing major Russian cities in September-December, 2005. At the same time, the distribution network grew 30% on 2004 this year. A total of 149 DeltaBank offices are currently open for business across the country. New points of sales opened in September to December 2005, include classic points of sale where customers are offered a complete set of consumer loan and credit card services as well as mobile kiosks where bank staff accepts applications and other documents from customers required for the issue of Visa Classic credit cards.
Aside from Moscow and Moscow region, new sales offices were opened in Yekaterinburg, Kazan, Krasnodar, Nizhniy Novgorod, Novosibirsk, Rostov-on-Don, Samara and St. Petersburg. New DeltaBank offices are traditionally launched in the most popular and highly attended retail trade outlets. In fourth quarter, bank offices were made operational in the newly opened trade centers of renowned retail chains: Eldorado, IKEA, Sportmaster, Perekryostok, Mosmart, OBI, Domino, Domotechnika, etc.
New offices offer clients a wide spectrum of consumer credit products under the most popular and demanded credit programs. These include, in particular, the issue of revolving VISA credit cards for the purchase of mass demand products in accordance with the 10-10-10 credit program, as well as "17% per annum" and "20% per annum," "Five-Year Loan" and "Typical" programs.
According to DeltaBank's Business Development Director Sergei Sinkevich, "DetaBank intends further active expansion of its presence on the market, both centrally and in the regions of the country during the coming months creating additional jobs for local residents."
About DeltaBank
Founded in 1997, DeltaBank provides a variety of consumer finance products through branches and 149 imbedded points of sale in established retail outlets, such as IKEA, Ramstore and other major retailers. DeltaBank is a leading issuer of Visa Cards in the Russian market, with over 290,000 credit cards issued. In addition to bank cards, DeltaBank also provides personal loans and sales finance. The bank has representative offices in Yekaterinburg, Kazan, Krasnodar, Nizhniy Novgorod, Novosibirsk, Rostov-on-Don, Chelyabinsk, Samara and St. Petersburg. As of November 2004, the bank is a wholly owned subsidiary of GE Consumer Finance, a business of General Electric, Co
About GE Consumer Finance
GE Consumer Finance is a leading provider of credit services in 41 countries, with assets of $117 billion. GE Consumer Finance meets the needs of over 100 million customers worldwide with products including private label credit cards and promotional retail finance to the world's leading retailers and manufacturers, personal loans, auto financing, corporate cards for commercial customers, and mortgages. GE Consumer Finance is headquartered in Stamford, Connecticut, USA.
Contacts:
Mikhail Loskutov,
DeltaBank, Moscow;
Tel.: +7 (495)-258-0400;
[email protected]
Kirill Golubkov,
Global Works, Moscow;
Tel.: +7 (495)-143-0308;
e-Mail: [email protected]
Corporate Communications
[email protected]
business unit
tags