News

On September 12-13th Center-invest Bank hosted an international conference dedicated to the sustainable banking business model. The conference was attended by Center-invest Bank shareholders (EBRD, DEG), partners from IFC and BSTDB, banks from Austria, Germany, the USA and Azerbaijan, and representatives of the Central Bank of Russia, academic circles, and business.

Center-invest Bank is to receive a total of USD15m under a loan agreement signed with ResponsAbility Social Investments AG (Zurich, Switzerland). The loan will be used to help develop micro businesses and SMEs in southern Russia. The first tranche of the loan has already been provided (USD4m, three year term).

Center-invest Bank has been ranked 31st in the rating “The Most Effective Bank Staff”, compiled by the portal Banki.ru. The bank’s team of more than 1600 employees are fulfilling their civic and professional responsibility for the immediate and long-term wellbeing of the region, its population, and environment, effective economic development and social stability.

Center-invest Bank has won two prestigious banking awards: the Citibank STP Award 2012 for the excellent quality of its international payments in US dollars, and a Relationship Award 2012 from Commerzbank for the high quality of its international payments in euros.

In 1H 2013 Center-invest Bank made loans totalling RUB44.2bn to businesses and households in southern Russia. The bank’s loan portfolio increased by 18% and exceeded RUB61bn (calculated under Russian Accounting Standards). This growth can be attributed to the advantageous loan terms offered by Center-invest Bank, and also to its use of new financial products and modern information technologies.

Center-invest Bank was the runner-up in its category in the FT/IFC Sustainable Finance Awards, receiving a special commendation for leadership in Eastern Europe. Center-invest Bank was the only Russian bank to win an award.