Russia’s Sberbank and France’s BNP Paribas Personal Finance have set up a joint “point of sale” (POS) personal finance venture in Russia. BNP Paribas Vostok LLC will operate under the Cetelem brand with Sberbank holding a 70% stake in the business and BNP Paribas Personal Finance owning 30%. The company is headed by Andrey Lykov, [...]
