Sogelease Bulgaria Launches 'Leasing Protection' to Guarantee Security in Unforeseen Circumstances*

Finance | June 22, 2012, Friday // 10:39|  views

The leasing company of Societe General Expressbank - Sogelease Bulgaria, in cooperation with Societe Generale Insurance, launched a brand new joint project on the market, focused on customer care – "Leasing Protection".

The newly offered service is a combination of a leasing contract for individuals, including Loss of Employment, Temporary Disability, Permanent Disability protection, and Life Insurance.

"Leasing Protection" provides security to the clients in case of occurrence of most adverse circumstances.

"In times of unstable economic situation and record levels of unemployment in Bulgaria, we manage to offer additional security to our customers who want to buy a new car on a leasing programme", said Mihail Komitski, General Manager of Sogelease Bulgaria.

The new product on the leasing market was developed jointly with Sogelife Bulgaria (the representative of Societe Generale Insurance in Bulgaria) and ensures a possibility for ownership of the car by paying off all debts of the customer in case of an unfortunate event or a fatal ending and covers the leasing monthly payments to Sogelease in case of temporary difficulties.

In case of unemployment due to dismissal, "Leasing Protection" ensures that the insurer will assume the payment of the monthly installments instead of the client to 6 months per event or a year for the entire lease term. In case of temporary disability, the installments are covered during the sick leave period, again up to 6 months.

In case of death or permanent disability, the entire outstanding amount of the leasing is covered by the insurance and the customer or the heirs of the customer can acquire the ownership of the vehicle.

Based on the service "Leasing Protection", the pilot programme „Тоyota Optimal Leasing Protect" was successfully developed, which includes the above-mentioned insurance covers for the first two years of the period of the leasing.

"Leasing Protection" is to be offered in the offices of Societe Generale Expressbank, as well as by all new car dealers that are official partners of Sogelease Bulgaria.

Societe Generale Expressbank Group (consolidated results)

Societe Generale Expressbank Group is one of the top ten leading financial institutions in Bulgaria. It is composed of the bank Societe Generale Expressbank and its subsidiary companies – Sogelease Bulgaria, Societe Generale Factoring and its associate life insurance company Sogelife Bulgaria.

Together with its 1500 employees, Societe Generale Expressbank aims to offer customers comprehensive, flexible, high quality, innovative products and services on advantageous price conditions.

- 99,72% of the capital is property of Societe Generale Group;
- BGN 31 M Net profit of Societe Generale Expressbank as for 2010;
- BGN 151.9 M Net banking income as for 2010;
- BGN 3 B Total assets as for 2010
- 150 sales points;
- more than 360 000 clients.

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Tags: Sogelease, Societe Generale Expressbank, societe generale, Societe Generale SA, Leasing Protection, leasing


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