News
15.05.2009
Center-Invest Bank attracts USD20m for southern Russia’s post-crisis economy.
In London on 15 May Center-Invest Bank signed loan agreements with the German Investment and Development Company (Deutsche Investitions und Entwicklungsgesellschaft mbH, DEG) and the Development Bank of Austria (Die Oesterreichische Entwicklungsbank AG, OeEB). Under each of these agreements, Center-Invest will receive USD10m for financing post-crisis development projects in southern Russia. Both loans have a term of five years. The funds will be used for lending to SMEs and the agricultural sector, and also for energy efficiency lending.
05.03.2009
Center-invest Bank strengthens positions in the South of Russia
The Bank of Russia published banks’ financials for January 2009. Analysis of these data shows that Center-invest increased its market share among all banks operate in Southern Russia District (SFD) by assets to 5,54%, by loans to 4,08%, by volume of deposits to 3,98%.
27.02.2009
More infrastructure has been commissioned for the post-crisis economy.
The Taganrog district heating company, OAO Teploenergo, has commissioned the town’s sixth modernised boiler house. The project was carried out using a European Bank for Reconstruction and Development (EBRD) loan for the modernisation of Taganrog’s heating infrastructure.