News

Two investment vehicles managed by Switzerland-based responsAbility Investments have purchased a 10% stake of PJSC Center-Invest Bank. The new shareholder of Center-Invest Bank will strengthen the authority of the bank and expand access to financing sources for the growing global market for environmental and socially responsible investments, including energy efficiency projects, agribusiness development, loans for apartment building repairs, women and youth entrepreneurship.

Center-invest Bank is proud to sponsor a unique exhibition, "Ivan Aivazovsky: 200 Years of Triumph", which opened at the Rostov Region Museum of Fine Arts on 18 August 2017. To mark this event and inspire the younger generation, the bank is also holding a children’s art competition.

Center-invest Bank has received a Certificate of Approval from the State Labour Inspectorate for the Rostov Region and the Union of Employers. The certificate attests that the bank is listed in the register of employers known to observe employment rights.

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%).