Monday, June 18, 2018

Nomos Bank doubles AvtoVAZ's factoring operations limit

The Samara branch of Nomos Bank recently doubled its limit on factoring operations for AvtoVAZ, one of Europe's largest car manufacturers.

The limit has been extended to a total volume of $90 million, arranged to increase the amount.

AvtoVAZ is one of Europe's largest car manufacturers with a production capacity of 800,000 cars and car sets per year. The plant has produced more than 27 million Lada vehicles since 1970. Its products are marketed in the price range of $7,600 to $15,200. The company began producing cars for Nissan last year, becoming a multi-brand car manufacturer.