On December 6 the Bank of Russia has registered a report on the results of XXIII issue of Center-invest Bank shares. During this issue 25 million shares have been allocated amounting to RUR 1,35 billion. All the shares were allocated via closed subscription among Bank shareholders. As a result Center-invest Bank capital increased by 59% and equaled to RUR 3,65 billion.
The growth of Bank’s capital will give a new impetus to industrialization of the South of Russia and it will allow increasing credit portfolio up to RUR 62 billion.
During the conference that was devoted to the growth of capital Center-invest Bank presented its new development strategy – “South of Russia+”. To realize this strategy foreign shareholders of the Bank invested RUR 1,35 billion.
After the capital increase shareholder structure (by voting shares) ofCenter-invest Bank looks the following way (according to the information onDecember, 1st 2006):
- EBRD 27.45%
- DEG 22.45%
- Raiffeisen Landesbank Oo 3.58%
- "Service" Ltd. (Firebird investment fund) 9.9% Vasily V. Vysokov andTatiana V. Vysokova 17.84% other minority shareholders 18.78%.
New strategy is aimed at development of branch network in the South of Russia, development of services, products and operations of Center-invest Bank basing on SAP for Banking and it is closely integrated with priority national projects.
Center-invest Bank participates actively in realization of national projects. Credit portfolio of the Bank in the frames of national projects exceeded RUR 4,5 billion.
Health protection. The amount of loans, which have been granted by Center-invest Bank for medical services, exceeds RUR 11 million. The Bank has also granted bank guarantees for the delivery of medicines and repair of hospitals to the amount of over RUR 14 million.
Education. Students of the largest higher educational establishments receive their scholarships via plastic cards, 138 best students of Rostov higher educational establishments are bursars of Center-invest Bank. The Bank has granted 2500 loans for education to the total amount of over RUR 125 million, on annual basis Bank grants a premium to the winner of contest “The teacher of the year in Don region” in nomination “For the best methodical programs”.
Reasonable and comfortable dwelling. A wide range of mortgage programs, including those with a land plot as a collateral. The Bank has granted 1153 mortgage loans amounting to over RUR 780 million; 532 loans were granted for the gasification of the houses in rural country to the total amount of RUR 39,2 million.
Development of agroindustrial complex. Credit portfolio for agroindustrial complex equals to RUR 3,4 billion.
After realization of the strategy “South of Russia+”, by 2010 the Bank’s specialists forecast the growth of mortgage lending volumes – 6 times, of retail lending – 4 times, investment project lending – 3 times and lending to SMEs – 5 times. Growth rates of settlement and cash services will increase 6 times and clientele – 3 times.