OREANDA-NEWS. December 22, 2011. The Bank of Moscow has provided two bank guarantees of payment to the Genser Group companies in favour of Pariba Vostok BNP CB for the total of RUR 96 mln for 1 year.

In May 2011 the Bank of Moscow made an agreement with the Genser Group on the provision of loan funds for RUR 400 mln. In September 2011 the maximum limit under the agreement was increased to RUR 1 bln.

The Bank of Moscow is ready to offer modern high tech products to the trade companies, which will allow optimizing financial flows of enterprises.

Note:

Genser Group of Companies presents Nissan, Infiniti, Chevrolet, Opel, Cadillac, Hummer, Saab, Mazda, Volkswagen, Ford, Land Rover, Hyundai and Toyota brands in the Russian market. It is among the world and Russian leaders of sales of Infiniti, Nissan, Chevrolet and Opel cars, and holds the leading positions of Ford, Hyundai, Cadillac and Mazda sales.

In 2010 the overall amount of car sales in the auto centres of the group reached 35 438. 26 932 cars were sold in Moscow and 8 506 cars were sold in the regions. The proceeds (exclusive of VAT) from all the types of services stood 30.4 billion roubles. The margin from sales reached 3.3 billion roubles or 10.74% from the proceeds.