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11.08.2011
Moody’s upgrades Center-Invest Bank’s international ratings to Ва3
On 9 August, international rating agencies upgraded the ratings of Center-Invest Bank, southern Russia’s largest bank (Rostov-on-Don). Moody’s Investors Service upgraded the bank’s long-term local currency debt rating and foreign currency deposits ratings from B1 to Ba3. At the same time, Moody’s Interfax Rating Agency upgraded the long-term National Scale Rating of Center-Invest Bank to Aa3.ru from A2.ru (strong creditworthiness relative to other domestic issuers).
14.07.2011
Center-Invest Bank announces 1H 2011 results: loan portfolio up 17%
Center-Invest Bank’s results for 1H 2011 reflect a successful six months. Our loan portfolio increased by 17%, or RUR5.5bn, to reach RUR36bn. More than 10% of Center-Invest loans are used for business modernization projects, which are delivering annual growth for our customers of 30-40%. The growth in the loan portfolio can be attributed to the implementation of the bank’s Strategy for the Modernization of SMEs in Southern Russia, and the use of new financial products and modern information technologies.
21.06.2011
Center-Invest Bank raises RUR2.5bn for the modernization of southern Russia
On 21 June Center-Invest Bank sold RUR2.5bn of commercial papers. Total demand exceeded the initial offer size by three times, at RUR4.4bn. The bonds mature in 2014, the coupon rate is 8.4%, and there will be a put option after 1.5 years. The bank will use the funds raised to implement its strategy for the modernization of southern Russia’s SMEs.
26.05.2011
Center-Invest Bank Rewards Southern Russia’s Best Young Lecturers
As has become traditional, on 26 May, Russian Entrepreneurs’ Day, Center-Invest Bank held an award ceremony for the winners of the third annual competition “Best Young Lecturer”, organised by Center-Invest Bank and the Endowment Fund for Science and Education in the Southern Federal District.
20.05.2011
The Rostov region and the European Union: Opportunities for Cooperation
On 20 May, in Center-Invest Bank’s conference hall in Rostov-on-Don, the South Regional Committee of the Association of European Business (AEB) presented its recent achievements and introduced its new Rostov Sub-Committee. The event was held as part of “Europe Days”, celebrated in Rostov on 20-22 May.
16.05.2011
Partnership for economic development in southern Russia
A EUR1.117m trade finance deal has been agreed under the “Partnership for Modernization” programme being implemented by Center-Invest Bank and partner banks. ОАО Rezmetkon (Bataisk, southern Russia) has signed an agreement with its Austrian partner, Linsinger Maschinenbau Gesellschaft m.b.H (a customer of Raiffeisenlandesbank Oberösterreich AG), for the supply of equipment using the products of Center-invest Bank Trade Finance Programme.
10.05.2011
Strategy for the Post-Crisis Development of Southern Russia and Center-Invest Bank’s Annual Results discussed by City of London Bankers
On 9 May, in the City of London, President and Chairman of the Board of Center-Invest Bank, Dr. Vasily Vysokov, and head of the bank’s London representative office, Olga Vysokova, presented the strategy for 2011-2015 “The Post-Crisis Development of Southern Russia” to our partners and investors.
27.04.2011
Center-Invest Bank’s shareholders approve its 2010 results.
Center-Invest Bank held its Annual General Meeting of Shareholders on 27 April 2011. Our shareholders elected a new Board of Directors and approved our annual report and the decision to pay dividends on ordinary and preference shares.