real estate, financial services, infrastructure

Banking, Lending and Asset Management

 

TBIF Group is active in the field of banking, consumer finance, leasing, mortgages, and asset management in Russia, Ukraine, Romania, and Bulgaria.

 

Banking / Consumer Credit

 

In Russia, TBIF is active through its 66% (December 31, 2008: 61%) stake in Sovcombank, a retail bank specializing in the origination of consumer loans. The bank has a nationwide network with approx. 685 branches and outlets throughout Russia, focusing on the regional part of Russia. Furthermore, TBIF provides consumer credit to individuals to purchase consumer goods in retail outlets in Romania and Bulgaria.

 

In the Ukraine, TBIF is active through its 63% shareholding in VAB Bank. The bank, which is active in the corporate, retail, and SME sectors, focuses on developing retail services through its approx. 145 branches.

 

Leasing

 

The TBIF Group also extends credit under leasing arrangements (financial leases and operational leases), mostly for vehicles and equipment. Activities in the leasing field are carried out predominantly in Romania and Bulgaria, and are in the early stages of development in Russia and the Ukraine.

 

Mortgages

 

TBIF Group is active in providing mortgages in Bulgaria via a non-banking vehicle, and in the Ukraine and Russia through VAB Bank and Sovcombank, respectively.

 

Asset Management

 

TBIF Group is active in the asset management market in Bulgaria and supplies services to the pension funds and insurance companies of TBIH Group, as well as to third parties. Services include institutional asset management, asset management for high net worth individuals, management of mutual funds, and brokerage.

 

 

www.tbif.com