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Financing
Businesses
GB Auto has always aimed to create
a full-f ledged financial arm that par-
tially serves its core business while
competing with other non-bank finan-
cial service providers. At the forefront
of this strategy is
GB Capital
, which
today oversees the operations of the
Group’s five non-bank financial service
providers.
Overall, the Financing Businesses line
has been growing steadily, with GB
Capital’s strategy being to benchmark
its operations against the best in the
field, buildingonstrict and robust credit
policies specifically developed for each
industry. All GB Capital companies are
staffed with veterans of the financial
services industry to provide the re-
quired expertise and know-how in their
distinctive areas, and all companies
work on a non-exclusive basis with GB
Auto to ensure the competitiveness of
their operations.
The companies’ credit approval and
disbursement mechanisms are highly
advanced and fully comply with the
best practices observed by financial
institutions in the country.
Furthermore, asset quality and col-
lections — being the backbone for the
success of any financial institution —
are closely monitored and controlled
within each company, with results that
match and exceed industry norms.
The aim of GB Capital is to develop a
well-diversified and synergetic group
of financial services, building on the
spirit and strategy of GB Auto, while
maintaining a high level of focus and
specialized expertise within each com-
pany. GB Capital is constantly on the
lookout for new additions to comple-
ment its portfolio.
GB Lease
is GB Auto’s first financing
venture, established in 2008 to provide
financing to GB Auto’s commercial
vehicles and corporate f leet clients.
The company started active opera-
tions in 4Q09 and has now grown into
a well-developed organization with a
diversified lease asset base that covers
all asset classes, including real estate,
construction equipment, production
lines, automotive and others. Tenor
is medium-term, and the company
focuses on risk diversification by asset
class, industry sector, and client; oper-
ating with prudent risk management
practices with regards to provisions
and risk recognition.
GB Lease provides business-to-business
financial leasing solutions that are non-
exclusive to GB Auto, catering to a diver-
sified client base ranging from top-tier
multinationals to local corporations of
various scales, as well as small and me-
dium enterprises. GB Lease is regulated
by andoperates under the auspices of the
Through GB Capital, GB Auto’s aims to create a full-fledged
financial arm that serves its core business while competing
with other non-bank financial service providers.
2016 ANNUAL REPORT
40
Our Business Units