The agreement was signed by Mr. V.V. Vysokov, D. Sc. Economics, Professor, Chairman of the Board of Directors of Center-invest Bank, and Mr. Yu. I. Razorenov, Professor, Doctor of Engineering, Rector of the University, during the Cossack Village-2022 meeting held by the Association of Cossack Higher Education Institutes in Novocherkassk.
The agreement provides for Center-invest Bank to make a donation in the amount of 3 million rubles to form the SRSPU (NPI) endowment fund, and for provision of advisory and legal support for the fund operation in favor of the students of the Platov Cossack Sotnia. The parties to the agreement will continue efforts to combine the intellectual potential, material and financial resources to train specialists having not only technical competencies, but also Cossack skills and traditions that are in demand in modern management systems.
“Centre-invest Bank has been cooperating with South-Russian State Polytechnic University (NPI) for many years and is a partner of the Platov Cossack Sotnia Project established at the Novocherkassk University,” emphasized Mr. V. V. Vysokov at the signing ceremony. “We taught students the basics of municipal management, new financial technologies, flexible management methods, taking into account the combat traditions of Don Cossacks. Today, we are co-creating a financial support mechanism for the university students."
“Long-term cooperation with Center-invest Bank has found a fresh impetus today,” pointed out the Rector of the South-Russian State Polytechnic University (NPI). The bank's contribution will accelerate the registration of the university endowment fund, and help to attract new funds for the implementation of SRSTU (NPI) development programs, including scientific and educational work based on the Cossacks' principles and traditions.
The support of SRSU (NPI) endowment fund formation is part of the bank's transformation strategy. In 2022, Center-invest Bank expanded its social investments in education and development of the regions where it operates by increasing the capital of the Southern Federal District's Education and Science Fund up to 216 million rubles, and contributing 3 million rubles to each of the endowment funds of the largest universities — the Southern Federal University, the Don State Technical University, and the Rostov State University of Economics (RINH).
Center-invest Bank successfully implements the ESG model of responsible business in transformation economy and effectively manages continuous changes in the face of ongoing crises on the basis of creative, socially responsible solutions for the benefit of present and future generations.