In 1997, AvtoVAZ replaced it with Automotive Banking House, later renamed Lada-Credit (Russian: Лада-Кредит).
RCI Banque entered into the Russian market in 2006, financing Renault and Nissan sales.
[3] In late 1995, following a crisis in the loan market that severely affected it,[4][5] AvtoVAZbank almost stopped trading and started a restructuring, while the Central Bank of Russia appointed an interim management in February 1996.
[9] In April 2007, AvtoVAZbank decided to remove "AvtoVAZ" from its name, as it no longer had a relationship with the car manufacturer.
[11] In July 2015, as its financial situation continued deteriorating, the bank was taken by the government and transferred to Promsvyazbank for restructuring.
[13] In early 1996, as AvtoVAZbank was not able to properly operate in the market, AvtoVAZ partnered with Tolyatti-based Rosestbank as its main financial backer.
[6] In late 1996, the two companies decided to create a new main financial affiliate for AvtoVAZ by using an existing dormant small bank,[7] Moscow-based Volna, which had been established in 1994.
[15] The Renault-owned financial company RCI Banque started activities in Russia in early 2006, launching a loan programme for Nissan cars together with the International Moscow Bank (the present UniCredit Bank Russia) and Nissan's Russian subsidiary.
[22] RCI Banque, UniCredit Russia and Avtoframos also launched a program to finance Renault sales.
[34] As of 2021[update], one-third of the Alliance car sales in Russia were being financed by RN Bank.