Arval, the BNP Paribas group company specialising in the operational leasing of multi-brand corporate vehicles, has just opened a Russian subsidiary based in Moscow. Arval’s goal is to become a leading player in the country.
Russia has the largest land area of any country in the world and, with a population of 143 million people and over 24 million cars, the Russian market offers real opportunities for long-term corporate leasing with over 45,000 registered business vehicles in 2005.
In addition to developing its market in this region of the world, this new subsidiary will also enable Arval to serve its international clients operating in Russia, and guarantee them the same service offered in the other countries where Arval does business.
Sergei Dianin, 40, will be Managing Director of the new entity. Prior to joining Arval, Sergei worked as Managing Director of Moscow-based Rolf Leasing. He will be assisted by Renaud Warluzel, previously Arval’s Manager of International Coordination of Operations, who has been appointed Director of Development for Arval Russia.
A BNP Paribas company, Arval is a European leader in the long-term leasing of multi-brand corporate vehicles and fleet management market. With a mission to design and implement long-term leasing solutions for both small/medium-sized entities and large groups, Arval has over 3,500 employees in 19 countries and is present on five continents via subsidiaries and partners. Arval manages a total of over 600,000 vehicles.
About BNP Paribas in Russia
BNP Paribas Zao has been active in market transactions, corporate financing and international trading since 2002. In 2006, BNP Paribas is launching a programme of organic growth in retail banking and will open 150 agencies in Russia over the next 6 years. In insurance, Cardif has been present in Russia since 2003 via the joint venture Russian Standard Insurance. Cardif offers credit insurance and private casualty insurance products. This structure was recently enhanced with the opening of a Trade Center in Moscow.
About BNP Paribas
BNP Paribas (www.bnpparibas.com) is a European leader in banking and financial services, with a significant and growing presence in the United States and leading positions in Asia.
BNP Paribas is the first bank in the Euro zone in terms of net income (2004). The group has one of the largest international banking networks, a presence in over 85 countries and employs more than 105 000 employees, including approximately 80,000 in Europe.
BNP Paribas enjoys key positions in its three core businesses: Corporate and Investment Banking, Asset management & Services and Retail Banking.