30 LEARN MORE Clients from the vehicle rental sector are in tune with the latest market developments and are demanding an ever-newer fleet. In 2010, the average age of vehicles was 15 months, 90 days younger than in 2009. In order to constantly renew the fleet, the vehicle rental companies expect credit lines from banks which are specific to the industry. Banco VW knows how important this segment is and offers benefits for vehicle rental companies, such as greater flexibility in credit approval and very competitive rates. With an active portfolio of more than 300,000 clients, Banco VW has been in business for more than five decades, and is recognized as one of the most credible institutions on Brazil’s financial market. The vehicle rental industry accounts for 70% of its corporate client portfolio. Improving and expanding services for this segment are among the bank’s goals. Currently, in addition to finance and a number of payment options, the institution offers in Direct Credit to Consumers (CDC), the bank offers vehicle rental companies property loss insurance and optional civil liability insurance. For greater convenience, the institution has a nationwide structure, which serves customers in the car dealerships themselves and provides specific consultants for fleet segment, who visit clients. Banco VW is alert to the vehicle rental market 2011 ABLA YEARBOOK Vehicle rental companies account for 70% of the corporate client portfolio Banco VW’s competitive advantages are a distinguishing feature on the automotive market. Today, the bank has over 30,000 active clients
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