credit card and auto abs sector review tõnu pekk, ebrd russian securitisation forum new york, 10...
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Credit Card and Auto ABS Sector Review Credit Card and Auto ABS Sector Review
Tõnu Pekk, EBRDTõnu Pekk, EBRD
Russian Securitisation ForumRussian Securitisation Forum
New York, 10 September 2007New York, 10 September 2007
Previous TransactionsPrevious Transactions
Auto loan and credit card receivables ABS out of Russia to date:
Credit Card and Auto ABS Sector Review
Date Transaction Asset Type Originator Amount
Jul 2005 Russian Auto Loans Finance
Auto Loans Bank Soyuz USD 49 mln
Oct 2006 Taganka Car Loan Finance
Auto Loans MDM Bank USD 403 mln
Nov 2006 Russian Car Loans
Auto Loans Russian Standard Bank
EUR 220 mln
May 2007 ROOF Russia Auto Loans Raiffeisenbank USD 392 mln
Aug 2007 Eurasia Credit Card Funding
Credit Card Receivables
Home Credit & Finance Bank
RUR 5.35 bln (USD 200 mln)
Main CharacteristicsMain Characteristics
Key characteristics of previous transactions:
Credit Card and Auto ABS Sector Review
Transaction AvgLoanSize ($)
AvgSeason. (m)
AvgTerm(m)
AvgAssets Yield
Avg LTV
Losses(hist.)
Russian Auto Loans Finance
14,929 7.75 35.45 9.90% 70.81% n/a
Taganka Car Loan Finance
13,360 8.40 21.60 14.63% 95.00% 4.0%
Russian Car Loans
3,733 5.15 43.11 13.50% 73.15% 9.5%
ROOF Russia 12,680 10.70 44.20 9.30% 67.21% 1.2%
Auto and Credit Card Market OverviewAuto and Credit Card Market OverviewCredit Card and Auto ABS Sector Review
Credit Cards:
Reached USD 3.3 bln in 2006
Amounted to 0.3% of GDP in 2006
Visa & MasterCard over-perform local brands
Auto Loans:
Reached USD 9 bln in 2006
Amounted to 0.9% of GDP in 2006
Represented 11% of total retail lending in 2006
-
2.0
4.0
6.0
8.0
10.0
0.0%
0.2%
0.4%
0.6%
0.8%
1.0%
2005 20062004USD bln % GDP
2005 20062004USD bln % GDP
-
1.0
2.0
3.0
4.0
0.0%
0.1%
0.2%
0.3%
0.4%
+44 20 7338 6105Fax:DIRECTOR
+44 20 7338 6638Tel:Jonathan Woollett
+44 20 7338 6199Fax:SENIOR BANKER
+44 20 7338 7516Tel:Tõnu Pekk
+44 20 7338 6105Fax:PRINCIPAL BANKER
+44 20 7338 6718Tel:Andreea Moraru
[email protected] Email:
+44 20 7338 7163Fax:ASSOCIATE BANKER
+44 20 7338 7647Tel:Yerbolat Rakhmetov
EBRD Structured Finance & Securitisation Team
Contact DetailsContact Details