Eurasian Bank Was Awarded Fastest Consumer Loan and Best Bank in Auto Loans Awards
Press release
5 December 2022, Almaty
The International Business Magazine recognized Eurasian Bank as the best one in two categories: The Fastest Consumer Loan and The Best Bank in Auto Loans in Kazakhstan as part of the annual rating of the International Business Magazine Awards.
The expert opinion of the publication was based on the analysis of the services and products of Eurasian Bank and the results of their integration into the country’s market.
According to the 2022-year results, Eurasian Bank occupies a leading position in auto lending in Kazakhstan. Since 2021, the processes of crediting both new and used cars, from filing an application to receiving a final decision, are performed remotely. Customers do not need to come to outlets or points of sale, everything goes online, which they actively use today. There is an increase in demand for the service, for comparison, the volume of crediting used cars for purchase from individuals for 9 months of 2022 increased 7 times compared to the same period of 2021.
Also in 2022, Eurasian Bank presented a solution in which the approval of a consumer loan takes place in 4 seconds. This rapid result was achieved thanks to one of the best in the CIS sector gov-tech and advanced interaction of the Bank with government databases. In consumer lending, more than 90% of applications were accepted online.
“Our Bank continues to hold the primacy in auto loans and show excellent results in consumer lending. We are grateful to international experts for the high appreciation of our two digital products at once,” said Lyazzat Satiyeva, Chairperson of the Eurasian Bank Management Board.
International Business Magazine Awards is an international award established by the International Business Magazine business edition in 2018. The main goal of the International Business Magazine Awards is to celebrate the achievements of the best representatives of emerging markets, world leaders, corporations, as well as members of the business and financial community in the Middle East, Africa, America, Asia and Europe.