News

At the AGM on 3 June 2014, the shareholders of Center-invest Bank, one of the TOP 50 largest banks in Russia, agreed on a dividend payout for 2013. They also approved the joint stock company’s financial statements and annual report for 2013.

The Austrian-Russian Friendship Society held its jour fixe in the Palais Kaiserhaus in the Austrian capital. Chairman of the Board of Directors of Center-invest Bank, Dr Vasily Vysokov, was an honoured guest. He delivered a presentation entitled “Austria and Southern Russia: Banks and Business in the New Environment”.

Center-invest Bank ranks among the TOP 50 banking brands in Russia. The rating was produced by Brand Finance together with BrandLab and Banki.ru, and it is the first of its kind for the Russian market.

The Board of Directors of Center-invest Bank has recommended that its shareholders agree at the AGM on 3 June 2014 to pay RUB274m in dividends for 2013, equivalent to 20% of the bank’s annual profits. This is 20% on preference shares and 33% on ordinary shares.

Center-invest Bank co-organised Russia’s first “Start-Up Week” for new entrepreneurs. The bank held a number of events to develop financial literacy and entrepreneurial potential in southern Russia.

Rostov State Economics University has published a new book by the chairman of Center-invest Bank’s Board of Directors, Dr Vasily Vysokov, entitled “Information and Communications Technology in Southern Russia”.

At a business breakfast for partners and investors held in Moscow, the President and Executive Board of Center-invest Bank presented the bank’s audited IFRS financial statements for 2013 and signed a new three-year loan agreement with the International Finance Corporation (IFC).

Moscow, Russia, March 19, 2014—IFC, a member of the World Bank Group, will provide a loan of 600 million Russian rubles ($16.5 million) to Center-Invest Bank to help it expand access to finance for small and medium enterprises in the agribusiness sector in southern Russia.