Native name | АО Авто Финанс Банк |
---|---|
Formerly | JSC RN Bank |
Company type | Subsidiary |
Predecessor | CJSC Bank Siberia |
Founded | 5 September 2013 |
Headquarters | Moscow, Russia |
Key people | Olga Bodnarchuk (chairman of the board) |
Services | Banking |
Revenue | ₽11,527.03 million[1] (2020) |
₽4,430.22 million[1] (2020) | |
₽3,504.73 million[1] (2020) | |
Total assets | ₽106,255.87 million[1] (2020) |
Total equity | ₽22,916.77 million[1] (2020) |
Parent | AvtoVAZ |
Website | autofinancebank.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.