| Cetelem | |
| Type |
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|---|---|
| License |
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| Participation in the CER |
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| Exchange listing |
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| Activity |
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| Year of foundation |
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| Former names |
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| Location |
France 22x20px France |
| Key figures |
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| Authorized capital |
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| Equity |
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| Assets |
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| Net profit |
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| Number of employees |
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| Main Society |
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| Controlling company |
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| Subsidiaries |
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| Dependent companies |
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| Auditor |
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| Sources data about the bank |
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| Website | |
| Closing year |
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Cetelem(abbreviation for " C r E di T"a l" ELE ctro- M enager" (French) "Loan for the purchase of electrical household appliances") - the first company to enter the consumer lending market in 1953 and the online lending market in 1997.
Story
BNP Paribas Personal Finance - has 29,000 employees in 30 countries on 4 continents. The company is a recognized partner of the largest international retail chains, banks and insurance companies - Carrefour, MediaMarkt, IKEA, Conforama, Dell, etc. The company actively implements the policy of responsible lending.
Activities in Russia
| Setelem Bank | |
| Type | |
|---|---|
| License | |
| Participation in the CER |
participates |
| Exchange listing |
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| Activity |
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| Year of foundation | |
| Former names |
BNP Paribas |
| Location |
Russia 22x20px Russia Moscow |
| Key figures |
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| Authorized capital | |
| Equity |
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| Assets |
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| Net profit |
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| Number of employees |
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| Main Society | |
| Controlling company |
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| Subsidiaries |
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| Dependent companies |
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| Auditor |
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| Sources data about the bank |
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| Website | |
| Closing year |
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Cetelem began operating in Russia in 2007 as a structural division of CJSC BNP Paribas. The bank is represented in 77 regions of the country and provides a full range of products in the field of consumer lending at points of sale and car loans at dealerships.
On September 1, 2012, a merger took place with Sberbank, as a result of which the subsidiary of BNP Paribas, Cetelem Bank LLC, with a Sberbank share of 79.2%, now operates under the Cetelem brand.
Write a review about the article "Cetelem"
Notes
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Excerpt characterizing Cetelem
- And you know her?.. Do you know who she is?“Of course!.. She is a very unhappy queen,” the little girl became a little sad.
- Why unhappy? Looks like she’s very happy to me,” I was surprised.
“This is just now... And then she will die... She will die very scary - they will cut off her head... But I don’t like to watch that,” Stella whispered sadly.
Meanwhile, the beautiful lady caught up with our young Axel and, seeing him, froze for a moment in surprise, and then, blushing charmingly, smiled at him very sweetly. For some reason, I had the impression that the world froze for a moment around these two people... As if for a very short moment there was nothing and no one around for them except the two of them... But the lady moved on , and the magical moment fell apart into thousands of short moments that wove between these two people into a strong sparkling thread, never to let them go...
Axel stood completely stunned and, again not noticing anyone around, looked after his beautiful lady, and his conquered heart slowly left with her... He did not notice the looks of the passing young beauties looking at him, and did not respond to their shining, inviting smiles.
Count Axel Fersen Marie Antoinette
As a person, Axel was, as they say, “both inside and out” very attractive. He was tall and graceful, with huge serious gray eyes, always amiable, reserved and modest, which attracted both women and men equally. His correct, serious face rarely lit up with a smile, but if this happened, then at such a moment Axel became simply irresistible... Therefore, it was completely natural for the charming female half to intensify the attention towards him, but, to their common regret, Axel was only interested in there is only one creature in the whole wide world - its irresistible, beautiful queen...
– Will they be together? – I couldn’t stand it. - They are both so beautiful!..
Stella just smiled sadly and immediately plunged us into the next “episode” of this unusual and somehow very touching story...
We found ourselves in a very cozy, flower-scented, small summer garden. All around, as far as the eye could see, there was a magnificent green park, decorated with many statues, and in the distance a stunningly huge stone palace, looking like a small city, could be seen. And among all this “grandiose”, slightly oppressive, surrounding grandeur, only this garden, completely protected from prying eyes, created a feeling of real comfort and some kind of warm, “homely” beauty...
Intensified by the warmth of the summer evening, the dizzyingly sweet smells of blooming acacias, roses and something else that I could not identify were in the air. Above the clear surface of the small pond, as if in a mirror, huge cups of soft pink water lilies and the snow-white “fur coats” of lazy, royal swans, ready for sleep, were reflected. A beautiful young couple was walking along a small, narrow path around a pond. Somewhere in the distance, music was heard, cheerful women's laughter shimmered like bells, the joyful voices of many people sounded, and only for these two the world stopped right here, in this small corner of the earth, where at that moment the gentle voices of birds sounded only for them; only for them a playful, light breeze rustled in the rose petals; and only for them, for a moment, time helpfully stopped, giving them the opportunity to be alone - just a man and a woman who came here to say goodbye, not even knowing whether it would be forever...
Sberbank clients who want to take out a loan have discovered that the Sberbank Online system offers them the opportunity to use the services of a third-party organization. The proposal is so veiled that not everyone will immediately understand that the contract will be signed not with the most authoritative financial organization in the country, but with its little-known “daughter,” the correspondent reports.
Perhaps the whole point is that the Cetelem bank, where Sberbank sends its clients, has recently been experiencing problems and the “parent” company decided to help it. At the same time, Sberbank, of course, is not going to bear any responsibility for the activities of its subsidiary.
A bank that is about to burst... From profit
A week after the announcement of new US sanctions, the head of Sberbank, German Gref, estimated the losses of the banking sector due to volatility in the markets in the amount of 80 to 100 billion rubles.
At the same time, Sberbank itself is living well and even increased the size of dividends at the end of 2017 to 36.2% of net profit. Last year the dividend was 25%. RUB 271 billion will be spent on interest payments. Against this background, the bank's shares rose.
German Gref saved Sberbank from problem borrowers in time and avoided inflating a credit bubble
Against this background, redirecting clients to a subsidiary where they are offered to take out a loan looks somewhat strange. If you don’t remember what Gref said about the problem of retail loans three years ago. And he literally said the following: in 2015, against the backdrop of the crisis, Sberbank sharply reduced the number of approvals of loan applications from 80 to 30%. Only reliable clients received money. If not for this, Gref said, in a year and a half (that is, by mid-2017), the bank would have problems and there would be a risk of inflating a credit bubble.
By a strange coincidence, it was during this time that problems began for Setelem.
Hitchhiking to Cetelem
Sberbank began sending its clients for loans to its subsidiary Sberbank a long time ago. Cetelem, which arose as a result of the union of a Russian bank with BNP Paribas Personal Finance, by 2013 was 74% owned by Sberbank and relied on car loans. And he even succeeded in this, taking leadership in the market. Not least due to the fact that the parent structure transferred its car loan programs to him, created in partnership with car manufacturers and car dealers.
However, by November 2017, Cetelem unexpectedly lost its leadership in car lending to VTB. And this despite the fact that car sales in Russia did not show any noticeable growth against the backdrop of the ongoing crisis. The gap from VTB, which had taken the lead, was small, but Setelem’s problems did not stop there.
Didn't live up to mother's trust
At the end of 2017, rumors appeared that Sberbank was dissatisfied with how its subsidiary was doing in the POS lending market, that is, issuing express loans in retail chains. Instead of 25% of the market, they managed to win no more than 8%, and according to experts, the problem was precisely in the methods of work of the new player in it. As a result, since the beginning of 2017, the volume of Setelem POS loans has decreased by almost 1 billion rubles. It was reported that by mid-2018, Cetelem would close down its POS business.
Later, both banks denied this information and even stated that “new opportunities for the development of this segment are being considered.” Now, as it turns out, the problem of increasing Setelem clients was solved as simply as possible - by sending Sberbank clients there.
If you try to apply for a loan in the Sberbank Online system and select an interesting offer, the system will offer to sign an agreement with another legal entity - Cetelem Bank LLC. And so that clients don’t suspect anything ahead of time, a mention of it will appear closer to the middle of the text.
If you don’t read the text, as most Russians usually do, you can only find out that the loan was not taken from Sberbank when problems with the loan begin. And judging by the reviews of Setelem’s clients, they will definitely begin.
If you are interested in the offer and you decide to take advantage of it, then you will be offered to enter into an agreement not with Sberbank, but with Cetelem
Bad bank
Those who took out car loans from Setelem remember the bank with horror and do not advise anyone to contact it. They say that the desire to repay the loan ahead of schedule causes strong hostility towards the client in this organization. The bank may announce one amount of the remaining debt, then demand to pay another, explaining that this is an extra charge for premature termination of the loan. The contract, as the borrowers assure, says nothing about surcharges.
In their comments, people write that Cetelem often issues fines to clients for allegedly late delivery of CASCO insurance documents. Even if everything is done on time. Getting a written-off fine back is extremely difficult, if not impossible. They also write that the bank is deceiving customers with interest rates. For example, it promises a loan at six percent per annum if all required conditions are met. And when signing the contract, it turns out that the rate is two and a half times higher.
And Sberbank has nothing to do with it
According to clients, Cetelem does not really value either its clients or its reputation. And why, if all this is more than compensated for by the parent structure.
Many are also dissatisfied with the work of the company headed by German Gref. But many people still associate Sberbank with the state and are confident in its reliability. Apparently, Sberbank decided to monetize this image of theirs. And, taking advantage of the trust of clients, they send them to a subsidiary without risking anything.
In fact, in the loan agreement with Cetelem, Gref’s structure is not mentioned, therefore, he is not going to be held responsible for his relationship with the client. At the same time, Sber is successfully inflating the same credit bubble of Setelem, which, according to Gref, could turn into big problems in just a year and a half.
And so what? This will not affect the reputation and financial position of Sberbank in any way. And the fact that clients will suffer, as Gref once said: “In Russia, clients are divine. In the West, companies would not be forgiven for the mistakes we sometimes make.”
Registration number: 2168
Date of registration by the Bank of Russia: 27.11.1992
BIC: 044525811
Main state registration number: 1027739664260 (02.12.2002)
Authorized capital: RUB 8,700,000,000
License (date of issue/last replacement) Banks with a basic license are banks that have a license whose name contains the word “basic”. All other operating banks are banks with a universal license:
License to carry out banking operations with funds in rubles and foreign currency (without the right to attract funds from individuals on deposit) (06/27/2013)
License to attract deposits from individuals in rubles and foreign currency (06/27/2013)
Licenses
Participation in the deposit insurance system: Yes
Cetelem Bank is a joint venture of Sberbank (80% shares) and the French group of companies BNP Paribas (20% shares). It was founded in 1992. The Saratov holding Avangard, specializing in the development of modern mechanical engineering technologies, took part in the establishment. Then the bank changed owners several times before it received its current name and was bought by Sberbank.
The bank is present in 74 regions of Russia (there are also ATMs there) and cooperates with a large number of retail chains and large car dealers. It is planned that in addition to the bank's own programs, Cetelem will produce all of Sberbank's affiliate programs.
The Chairman of the Board is now Sergey Larchenko.
The bank is not large, so credit ratings were not assigned to it. Thus, in terms of quantitative indicators of net profit, the bank is only in 597th place in Russia.
Bank products
Main services of the bank:
- providing ;
The bank's balance sheet is formed by the receipt of funds from the client base and attraction of interbank loans.
Adhering to the concept of “responsible lending”, according to which loans are provided to clients at a reasonable rate, the bank is confidently increasing the number of its clients and developing.
Cetelem Bank LLC* is a joint venture between Sberbank PJSC and BNP Paribas Personal Finance, the consumer lending division of the BNP Paribas Group.
Cetelem Bank LLC has been part of the Sberbank group of companies since September 2012, when Sberbank PJSC acquired a stake of 70% of the authorized capital of Cetelem Bank LLC. Today, Sberbank PJSC owns a share of 79.2% of the authorized capital of Cetelem Bank LLC.
"Cetelem Bank" LLC carries out activities to provide consumer loans on the territory of Russia, including loans for the purchase of vehicles And loans for urgent needs. The unique combination of experience of Sberbank PJSC and modern European technologies allows Cetelem Bank LLC to offer clients a high level of service in the process of processing and further servicing of loans. Today, Cetelem Bank LLC is represented in 74 regions of Russia.
According to the “Monitoring of the Retail Banking Services Market” by the research company Frank RG as of 01/01/2018, Cetelem Bank LLC is the largest bank in the Russian market in terms of the volume of car loans issued in 2017 and is the leader in terms of the volume of the car loan portfolio. As of 01/01/2018, the share of Cetelem Bank LLC in issuing car loans among the TOP-150 banks in terms of retail loan portfolio was 16.6%, the share in the car loan portfolio was 12.9%, respectively.
Car loans are issued on the territory of Cetelem Bank LLC’s partners – dealer centers. To obtain a loan, the client requires a minimum set of documents: a passport and driver’s license, as well as 15 minutes of free time**. Thanks to cooperation with the most popular automobile brands and presence in almost all dealership centers of the Russian Federation, car loans from Cetelem Bank LLC are available to the widest range of clients.
In the field of consumer lending, Cetelem Bank LLC and Sberbank PJSC are implementing a joint program, the purpose of which is to provide Sberbank PJSC clients with additional opportunities to obtain consumer loans from Cetelem Bank LLC.
How it works:
- The client submits an application for a consumer loan at Sberbank PJSC.
- If Sberbank PJSC makes a negative decision on the application, the client may receive an offer to apply for a cash loan from Cetelem Bank LLC. The offer will be sent to the client in the form of an SMS message or announced during the presentation of the loan terms by an employee of Cetelem Bank LLC by phone.
- If the client agrees to apply for a loan at Cetelem Bank LLC, confirmation of the loan terms is made over the phone within one phone call.
- Loan documentation is completed at a time convenient for the client by courier or in the partner network of Cetelem Bank LLC. For registration, the client only needs a passport and the second document from the list.
- Credit funds are transferred to the Cetelem Bank LLC card and can be used immediately after concluding a loan agreement.
Additional Information: Offer to conclude an Agreement on the use of a simple electronic signature.
Contact Information:
Location: Russian Federation, 125040, Moscow, st. Pravdy, 26
Information center: 8-800-500-99-00
Official website www.cetelem.ru
*Cetelem Bank LLC, OGRN 1027739664260, Bank of Russia license for banking operations No. 2168 (perpetual) dated June 27, 2013.
**the deadline for making a decision can be changed at the discretion of Cetelem Bank LLC.
Cetelem(abbreviation for " C r E di T"a l" ELE ctro- M enager" (French) "Loan for the purchase of electrical household appliances") - the first company to enter the consumer lending market in 1953 and the online lending market in 1997.
Story
BNP Paribas Personal Finance - has 29,000 employees in 30 countries on 4 continents. The company is a recognized partner of the largest international retail chains, banks and insurance companies - Carrefour, MediaMarkt, IKEA, Conforama, Dell, etc. The company actively implements the policy of responsible lending.
Activities in Russia
| Setelem Bank | |
| Type | |
|---|---|
| License | |
| Participation in the CER |
participates |
| Year of foundation | |
| Former names |
BNP Paribas |
| Location |
Russia Russia : Moscow |
| Authorized capital | |
| Main Society | |
| Website | |
Cetelem began operating in Russia in 2007 as a structural division of CJSC BNP Paribas. The bank is represented in 77 regions of the country and provides a full range of products in the field of consumer lending at points of sale and car loans at dealerships.
On September 1, 2012, a merger took place with Sberbank, as a result of which the subsidiary of BNP Paribas, Cetelem Bank LLC, with a Sberbank share of 79.2%, now operates under the Cetelem brand.
Write a review about the article "Cetelem"
Notes
Links
Excerpt characterizing Cetelem
The silence was quite long. Prince Bagration, apparently not wanting to be strict, had nothing to say; the rest did not dare to intervene in the conversation. Prince Andrey looked at Tushin from under his brows, and his fingers moved nervously.“Your Excellency,” Prince Andrei interrupted the silence with his sharp voice, “you deigned to send me to Captain Tushin’s battery.” I was there and found two thirds of the men and horses killed, two guns mangled, and no cover.
Prince Bagration and Tushin now looked equally stubbornly at Bolkonsky, who was speaking restrainedly and excitedly.
“And if, Your Excellency, allow me to express my opinion,” he continued, “then we owe the success of the day most of all to the action of this battery and the heroic fortitude of Captain Tushin and his company,” said Prince Andrei and, without waiting for an answer, he immediately stood up and walked away from the table.
Prince Bagration looked at Tushin and, apparently not wanting to show distrust of Bolkonsky’s harsh judgment and, at the same time, feeling unable to fully believe him, bowed his head and told Tushin that he could go. Prince Andrei followed him out.
“Thank you, I helped you out, my dear,” Tushin told him.
Prince Andrei looked at Tushin and, without saying anything, walked away from him. Prince Andrei was sad and hard. It was all so strange, so unlike what he had hoped for.
"Who are they? Why are they? What do they need? And when will all this end? thought Rostov, looking at the changing shadows in front of him. The pain in my arm became more and more excruciating. Sleep was falling irresistibly, red circles were jumping in my eyes, and the impression of these voices and these faces and the feeling of loneliness merged with a feeling of pain. It was they, these soldiers, wounded and unwounded, - it was they who pressed, and weighed down, and turned out the veins, and burned the meat in his broken arm and shoulder. To get rid of them, he closed his eyes.
He forgot himself for one minute, but in this short period of oblivion he saw countless objects in his dreams: he saw his mother and her big white hand, he saw Sonya’s thin shoulders, Natasha’s eyes and laughter, and Denisov with his voice and mustache, and Telyanin , and his whole story with Telyanin and Bogdanich. This whole story was one and the same thing: this soldier with a sharp voice, and this whole story and this soldier so painfully, relentlessly held, pressed and all pulled his hand in one direction. He tried to move away from them, but they did not let go of his shoulder, not even a hair, not even for a second. It wouldn’t hurt, it would be healthy if they didn’t pull on it; but it was impossible to get rid of them.
He opened his eyes and looked up. The black canopy of night hung an arshin above the light of the coals. In this light, particles of falling snow flew. Tushin did not return, the doctor did not come. He was alone, only some soldier was now sitting naked on the other side of the fire and warming his thin yellow body.
“Nobody needs me! - thought Rostov. - There is no one to help or feel sorry for. And I was once at home, strong, cheerful, loved.” “He sighed and involuntarily groaned with a sigh.
- Oh, what hurts? - asked the soldier, shaking his shirt over the fire, and, without waiting for an answer, he grunted and added: - You never know how many people have been spoiled in a day - passion!
