News

To further develop its correspondent banking network, Center-invest Bank has opened correspondent accounts in US dollars and Chinese yuan with the Industrial and Commercial Bank of China (ICBC). ICBC is China’s largest bank and one of the leading banks in the world.

The Black Sea Trade and Development Bank (BSTDB) has agreed to provide Center-invest Bank with a 3-year RUB1bn loan to finance SMEs.

On Saturday 25 March all of Center-invest Bank’s offices switched off their lights from 20:30 to 21:30 in support of World Hour. This is an international event organised by the World Wildlife Fund (WWF) to draw attention to climate change.

On 3 April Moody’s Investors Service upgraded Center-invest Bank’s long-term local- and foreign-currency deposit ratings to Ba3 from B1. The outlook on these ratings remains stable.

Center-invest Bank has presented its results for 2016, based on its IFRS financial statements audited by PricewaterhouseCoopers Audit. The bank improved its balance sheet structure and increased its reliability and investment appeal. Its profits exceeded RUB1bn (+87.7%).

Center-invest Bank has introduced a new product offering the same 10% interest rate as its government-subsidised mortgage programme.

Center-invest Bank won two categories in the recent Kuban Financial Market Leader Competition: «effective credit policy» and «contribution to improving financial literacy in the Kuban region». The awards were presented by the governor of Krasnodar Krai, Veniamin Kondratev, during the Russian Investment Forum in Sochi.

Last month The Banker magazine published its annual ranking of the Top 100 Russian banks. Center-invest Bank has moved up the ranking, thanks to its work with the real economy (lending to the real economy accounts for 86.27% of the bank’s assets).