Add to favorite
Subscribe to our Newsletters Subscribe to our Newsletters Get Daily Updates RSS

Renaissance Group opens a subsidiary in Nigeria
27.10.2012 20:09
Renaissance Group opens a subsidiary in Nigeria



For the first time a Russian bank has entered the Nigerian financial market. A subsidiary of Renaissance Group has started working in this country, reports The Kommersant. Renaissance Credit Nigeria is working in the sphere of crediting at point of sale (POS-crediting). Among other products are credit cards, general purpose loans, installment loans and deposits, informs the official bank’s Facebook page.


The bank is registered in Lagos, one of the largest cities in Nigeria. It is wholly owned by Renaissance Group.


Renaissance Group says the Nigerian market of crediting at points of sales is developed weakly. It takes about some weeks for getting a credit for a purchase, while in Russia it takes about some minutes.


Renaissance Group includes a retail bank Renaissance Credit and an investment bank Renaissance Capital. The half of the Renaissance Capital is owned by the Onexim Group owned by Mikhail Prokhorov. 


Author: Irina Fomina

Tags: Russian banks Russian business    

Next Previous

You might also find interesting:

Russian Budget And Companies Will Have Additional Income From the Reduction In Oil Production
Sberbank Launched Open Data Project
Russia Increased the Amount Of Investments In the US Treasury Bonds
TDA Signed a Memorandum Of Cooperation With Japanese New Energy And Industrial Technology Development Organization
Growth Of Oil Prices May Be Temporary

comments powered by Disqus

Comment on our site

RSS   twitter   facebook   submit

Bookmark and Share

Russian Parliament in Action

search on the map
Russian history  Strogino  Russian sanctions   Karl Brullov  Tsaritsyno  Vladivostok  E.coli  The Far East  Russian cities  Leningrad Region  Zenit  Transport Tickets  Roman Abramovich  HIV  Valery Gergiev  Artemy Lebedev  Russian Museum  Russian Literature  Robert Falk  Economic Crime  Moscow  Russian business  Russian trains  Concerts in Moscow  protest actions  Exhibitions in Moscow  Krasnoyarsk  tobacco  Enem  Marina Makaron  Real hypermarkets  Russian football team  Russian Cinema  ski tourist route   Moscow Kremlin   Archeology  mobile communications  Smolensk  Electronics  Crimea  Russian Poetry  Manors  Russian tourism  Novosibirsk  Open Data Portal  Russian circus  Floating University  Yaroslavl Museums  Painting  Mercedes-Benz Fashion Week Russia 

Travel Blogs
Top Traveling Sites