News

PricewaterhouseCoopers Audit has submitted its independent auditor’s report of Center-Invest Bank’s activities for the year 2010. This will be the fifteenth year that the bank has presented its results to its shareholders and partners using International Financial Reporting Standards (IFRS). PWC has confirmed the high quality of our accounting for 2010.

The Association of European Businesses in Russia has published its latest overview of investment processes in Russia, «How to Invest in Russia». For the first time, the regional focus section is devoted to southern Russia and it features an article written by the President and Chairman of Center-Invest Bank, Dr. Vasily Vysokov, entitled «The Post-Crisis Development of Southern Russia» (http://www.centrinvest.ru/ru/pub.html).

On 25 March, the President and Chairman of Center-Invest Bank, Dr. Vasily Vysokov, delivered a lecture to students at the London School of Economics and Political Science (LSE) entitled «Designing Economics Mechanisms». His audience learnt about the theory and methods of producing balanced socioeconomic programmes designed to provide social stability and the integrated approach to their implementation. Center-Invest Bank has been using these methods successfully for many years, to monitor the reforms being carried out in southern Russia, to produce its own sustainable development strategy, and also to assist its customers in the writing of business plans.

In 2010, Center-Invest Bank made more loans to SMEs as part of the Rostov Region SME Development Programme than any other bank: 4896 loans totalling RUR21.2bn.

To promote partnerships between Rostov region businesses and foreign companies,Center-Invest Bank has updated the “Partner” Database and it has developed a new investment programme for SMEs in southern Russia, “Partnership for Modernization”

The magazine The New Economy has announced the winners of its international competition “The Sustainable Finance Awards”. Center-Invest Bank was the only Russian bank to be selected for an award.

Together with the Rostov Region Council of Municipal Districts, Center-Invest Bank held a seminar entitled “PPP for Municipal Districts”.

Center-Invest Bank President, Dr. Vasily Vysokov, met for talks with Dr. Ludwig Scharinger, the CEO of Raiffeisenlandesbank Oberoesterreich AG (RLBOOE) in the Upper Austrian city of Linz. Dr. Scharinger was accompanied by a number of his colleagues. One of the main issues discussed by the parties was how to further build on their experience of cooperation.