Auto Finance Bank

JSC Auto Finance Bank
Native name
АО Авто Финанс Банк
FormerlyJSC RN Bank
Company typeSubsidiary
PredecessorCJSC Bank Siberia
Founded5 September 2013
HeadquartersMoscow, Russia
Key people
Olga Bodnarchuk (chairman of the board)
ServicesBanking
RevenueDecrease 11,527.03 million[1] (2020)
Increase ₽4,430.22 million[1] (2020)
Increase ₽3,504.73 million[1] (2020)
Total assetsDecrease ₽106,255.87 million[1] (2020)
Total equityIncrease ₽22,916.77 million[1] (2020)
ParentAvtoVAZ
Websiteautofinancebank.ru/

Auto Finance Bank (Russian: Авто Финанс Банк), named until July 2023 RN Bank (Russian: РН Банк), is a Moscow-based bank established in 2013, owned by the Russian car manufacturer AvtoVAZ and aimed at financing its car sales.

The first financial affiliate of AvtoVAZ, AvtoVAZbank (Russian: АвтоВАЗбанк), operated as such from 1988 to 1996. In 1997, AvtoVAZ replaced it with Automotive Banking House, later renamed Lada-Credit (Russian: Лада-Кредит). From the late 2000s onwards, AvtoVAZ partnerered with other banking companies for financing. RCI Banque entered into the Russian market in 2006, financing Renault and Nissan sales. RN Bank was established in 2013 as a joint venture owned by UniCredit Bank Russia (as majority holder), RCI Banque and Nissan to finance Renault, Nissan and AvtoVAZ sales. It was acquired by AvtoVAZ in 2023 and later renamed.

  1. ^ a b c d e "Independent auditor's report on the financial statements of Joint Stock Company RN Bank for the year ended 31 December 2020" (PDF). RN Bank. pp. 9–10, 13. Retrieved 4 February 2022.