OREANDA-NEWS. On November 30, 2007 Banque Societe Generale Vostok launched a new product for financial institutions - Financial Institutions Loan Servicing (FILS), reported the press-centre of BSGV.

FILS is a unique product created by BSGV especially for Russian market. This program is aimed at organizations that offer consumer loans (including car loans), but have no license for working with individual clients or for those who would like to use the benefits of wide BSGV network.

FILS provides automatic transfer of credit funds to current accounts in BSGV and guarantees their usage for appropriate purposes. Apart from it, this product allows to execute loan repayments and loan commission payment if needed.

The product will be useful for any company that would like to have its own financial institution and avoid expenses for creation of the infrastructure necessary for it.

DeltaCredit Bank and Toyota Bank have become the first partners of BSGV within the program.