News

In accordance with the terms and conditions of the US$ 12 million Credit Line facility approved by BSTDB for the support of Small and Medium sized Enterprises (SMEs) and expanding businesses in southern regions of Russia - Stavropol, Krasnodar and Rostov -the first loan of up to US$ 500,000 will be extended to the Center-Invest bank (Rostov) for the period of 3,5 years.

On 15 March Sir Roderick Lyne, the Envoy Extraordinary and Plenipotentiary of the United Kingdom of Great Britain and Northern Ireland in the Russian Federation was a guest of the Center-Invest Innovational and Finance Group.

An authoritative Rostov weekly 'The Gorod N' names the Center-Invest Bank the most successful bank in the Rostov Province based on the results of the year 2000.

On Monday, 12 March, the Volgodonsk Office of the Center-Invest Bank was presented to the public. The presentation was attended by V.V.Vysokov, Deputy Chairman of the OJSC CB Center-Invest, F.A.Kushnarev, Director General of OJSC Rostovenergo, and representatives of the Administration and the business circles of Volgodonsk.

Another ABM of the Center-Invest Bank was installed last week. This ABM performs operations with the plastic cards of the Europay Int. and Visa international payment systems. Moreover, in Rostov-on-Don only the Center-Invest ABMs accept the American Express and Diners Club cards.

February, 15 Minister of economic development and trade German Gref together with the governor of the Rostov region Vladimir Chub has visited the informational - educational complex «Center- internet».

On 26 January 2001 the Agreement on Crediting of Investment Projects for Small and Medium Businesses in the Rostov Province was signed by the Ministry of Economics, International and Foreign Trade Relations of the Rostov Province, the Center-Invest Bank, and the Rostov Regional State Fund for Support of Small Businesses.

The Euromoney Magazine sponsored the Forum of Central and East European Issuers and Investors held on 16-17 January in Vienna. That was the first European meeting at such a high level after Christmas. The Forum was attended by a record number of participants - more than 800. The only representative of the Russian South was Prof.V.V.Vysokov, Vice President of the Center-Invest Bank, who was invited as the author of the article published in the October issue of the Euromoney Magazine under the title of 'The Center-Invest: a Russian Bank Working to International Standards'.