 |
|
| By Rachel Morarjee |
| Russia's regional banks are often closer to their customers than the Moscow-based giants, but they can be hampered by a lack of both capital and transparency. While a new development fund is intended to change that, some critics argue that new capital adequacy requirements threaten their very existence. |
| Read in full |
|
|
 |
|
Dr. Vasily Vysokov
Russia Banking
WORLD FINANCE REVIEW, December 2011 |
| The crisis triggered a search for alternatives to speculative banking, resulting in, for example, a revival of the system of state-owned banks and the increased popularity of Islamic banking1. At the same time, we see continuing efforts to restore the reputation of speculative banking through tighter regulation. Amid the volatility of the speculative markets, the sustainable banking business model is ever more appealing. |
| Read in full |
|
|
 |
|
| Roland Oliphant, The Moscow Times |
| For two months earlier this summer, workmen made life difficult for the residents of his 13-floor apartment building in the southern port of Taganrog, replacing windows, installing heating meters and insulating pipe |
| Read in full |
|
|
 |
|
Dr. Vasily Vysokov
Theoretische und praktische Hinweise fuer Ihre Investitionstaetigkeit in Russland 2011
AEB guide "INVESTIEREN IN RUSLAND", 2011 |
| Association of European Businesses has published the annual review of investment processes "INVESTIEREN IN RUSLAND 2011" for german region. For the first time regional aspects of investing are presented in special section devoted to the Southern Russia Vasily Vysokov, President and Chairman of the Board of Directors of Center-invest Bank presented the article "The post-crisis development of Southern Russia" Vysokov's article gives short, but very capacious analysis under the maintenance of investment potential of the South of Russia (Southern and North Caucasian federal districts). |
| Read in full |
|
|
 |
|
Sina finance, 14/04/2011 http://www.sina.com.cn Publication in Chinese |
| The south of Russia plays to economy of the Russian Federation the same role, as the countries BRICS in global economy: low cash incomes of the population, but positive dynamics of all economic indicators increases a region share in economy of Russia. Foreign investors are usually begin acquaintance to the country in it capital. But after visiting of the southern Russia they have always spoke: пїЅIf Moscow is the center, the South is a pearl of RussiaпїЅ. The southern Russia is bordered with the rivers Don and Volga, Black and Caspian sea. Here comes the border between Europe and Asia. During ancient times here passed the well-known silk way. |
| Read in full |
|
|
 |
|
| The AEB guide "HOW TO INVEST IN RUSSIA", 2011 |
| Association of European Businesses in Russia has published the annual review of investment processes "HOW TO INVEST IN RUSSIA". For the first time regional aspects of investing are presented in special section devoted to the Southern Russia Vasily Vysokov, President and Chairman of the Board of Directors of Center-invest Bank presented the article "The post-crisis development of Southern Russia" Vysokov's article gives short, but very capacious analysis under the maintenance of investment potential of the South of Russia (Southern and North Caucasian federal districts). The author underlines that along with favorable natural and environmental conditions and a successful geographical possition on crossing of the major transport and trading streams, the South of Russia has more diversified economy, both on sectors, and on the leading part of SME. |
| Read in full |
|
|
 |
|
|
 |
|
| Russiafinance. Autumn 2010 |
| The formula for successful post-crisis development is: know your own business, your markets, and your advantages in these markets; have a development strategy. Center-Invest Bank chose the пїЅsustainable bankingпїЅ business model to effectively manage risks in southern Russia and it has produced a development strategy for the region. By Dr. Vasily Vysokov, Chairman of the Board of Directors of Center-Invest Bank. |
| Read in full |
|
|
 |
|
| "CNBC" |
| CenterInvest is seen as the top bank for lending to Russian SMEs, Vasily Vysokov, chairman of CenterInvest Bank told CNBC |
| Read in full |
|
|
 |
|
| Dr. Vasily Vysokov, Chairman of the Board of Directors of Center-Invest Bank |
| This book presents an analysis of the impact of the global financial crisis on the regional economy, taking as its example the Southern Federal District of the Russian Federation. |
| Read in full |
|
|
 |
|
| Dr. Vasily Vysokov, Chairman of the Board of Directors of Center-Invest Bank |
| Today, analysts are studying the current economic crisis in Russia by comparing statistical indicators with the pre-crisis year, 2008, which was a very successful year. Experts are predicting that the Russian economy will have recovered from the downturn by 2013. But the crisis has its own trends, analysis of which is important if we are to properly assess conceptions of post-crisis development. |
| Read in full |
|
|
 |
|
|
| Dr. Vasily Vysokov, Chairman of the Board of Directors of Center-Invest Bank |
| Read in full |
|
|
 |
|
|
 |
|
|
|
|
| Dr. Vasily Vysokov, Chairman of the Board of Directors of Center-Invest Bank |
|
| Read in full |
|
|
 |
|
|
| Commercial Bank Center-invest achieved impressive success on world financial markets this year - the company obtained a syndicated loan for $80 million; issue of credit notes (CLN) for $175 million was carried out; a subordinated loan for $10 million was raised; the first long-term syndicated loan for 1.25 billion RUR was signed; and Center - invest Bank won second prize in an international competition by the Financial Times and IFC "2007 Sustainable Banking Awards" |
| Read in full |
|
|
 |
|
| |
| Of late, people keep asking, "How can we survive the crisis?" Scenario No.1 proposes total relaxation until better times arrive. Scenario No.2 requires a concerted effort to control liquidity, monitor markets, reconsider plans and projects, and establish new business in new markets which will allow them over time to join those who opted for the first scenario and to relax. In either case, the main thing is to stay calm. |
| Read in full |
|
|
 |
|
| |
| Open Joint Stock Company Commercial Bank Center-invest (Rostov-on-Don) declared about its intention to grant loans for the companies which are expand with the construction of the Olympic objects in Sochi, where the bank is going to expand the branch network in the resort city and to draw loans from the internal and external markets in the amount of USD100-300m. The market analysts and participants consider that it will take the bank about 1,5-2 years to enlarge the customer base significantly, after the regional companies, i.e. the traditional clients of the bank, will enter the number of the participants of the Olympic project besides the huge federal companies. |
| Read in full |
|
|
 |
|
| |
| Question everything, the young Marx taught. The Cossack woman, grandmother of Vasily Vysokov, the Doctor of Economics, inspired him with the same principles: "Theory and practice are sometimes completely different things" Her grandson learnt the lesson well and in 1991, keeping on his theoretical research, he went to the Center of Economic Support to transfer to market economy under the Rostov Region Administration to see how the theory fights with practice. |
| Read in full |
|
|
 |
|
| |
| The Austrian Erste Bank has signed the agreement to purchase 9,8% of the shares of the Rostov Center-invest Bank and will introduce its representative to the Board of Directors, as Erste Bank informed. Dmitry Gorchakov, the head of the Public Relations department of Center-invest Bank, proved the fact that the agreement had been signed but refused to give any other comments till the end of the deal. |
| Read in full |
|
|
 |
|
| |
| Center-invest has obtained RUB600m from the European Bank of Reconstruction and Development for the support of the agriculture, as Alan Pillow, EBRD Business Group Director for Russia, reported. The credit line is launched with the maturity of five years, it was stated by Dmitry Gorchakov, the chief of the PR service. The parties do not disclose the terms of loan. |
| Read in full |
|
|
 |
|
| |
| Russia is one of the four rapidly growing BRIC economies. Some parts of the country are developing particularly quickly, including the Southern Federal District, which covers the area of 591 thousand km2 and has the population of 23 million people. |
| Read in full |
|
|
 |
|
| Center-invest Bank Group |
| Independent auditor's report |
| Read in full |
|
|
 |
|
| Dr. Vasily Vysokov Prof. PhD |
| Banking crisis is not a crisis of subprime. Not a crisis of liquidity. Crisis in banking sphere is always associated with a crisis of confidence. |
| Read in full |
|
|
 |
|
|
| The general idea of the "sustainable development" envisages that sustainable business is aiming at the maximization of not just instant profit, but also long-term profit, thus entailing additional obligations concerning environment, society, clients, shareholders, staff and business development. Since 2006, FT and IFC have introduced "FT Emerging Markets Sustainable Bank of the Year Award". The Center-invest Bank has applied for this competition in 2007. The winner will be announced on the 7th of June in London. |
| Read in full |
|
|
 |
|
| Craig Mellow |
| Russia's economic boom is bringing prosperity to its far-flung provinces and driving a boom in regional lending. |
| Read in full |
|
|
 |
|
| Euromoney:: September 2007 :: Russia |
| "If Moscow is the centre of Russia, then the south is the pearl." That's the mantra that Vasily Vysokov, chairman of Bank Center-Invest, likes to chant about the Krasnodar Krai federal district where his bank is the pre-eminent private sector player. As a native of Rostov-on-Don where Center-Invest is headquartered, he's clearly biased in his opinion of his home region but there's no denying the fact that he and his wife Tatiana, who founded the bank back in 1992, have built a successful banking franchise that has propelled Center-Invest into the top 150 banks in Russia. |
| Read in full |
|
|
 |
|
| Mittelstandsberater sieht "Perspektiven ohne Ende" / Früherer Bundesbankchef Welteke: Genau hinzuschauen lohnt sich |
| FRANKFURT. Rollt der Rubel? Ja, er rollt. Zumindest für Ernst Welteke, den früheren Bundesbank-Präsidenten Er arbeitet mittlerweile für die Bank "Center- invest". Für die Bank wie? Das haben sich vermutlich einige der Wirtschaftsleute im ?Hotel Kennedy" in Frankfurt-Sachsen-hausen gefragt, die sich dort Aufklärung über die Marktchancen in Rußland erhofften. |
| Read in full |
|
|
 |
|
| Sustaining Market Share through Lending to SMEs and Energy Efficiency Projects |
| Established in 1992 in the city of Rostov-on-Don, Bank "Center-invest" ranks among the largest 150 Russian banks and is the largest privately owned bank in the Rostov Region. It has 9 branches and 33 sub-branches, mainly in the Rostov region, which service both large corporations and SMEs. Since 2004, the bank has been expanding to neighboring regions and has established representative offices in Moscow and in London. Since 2002, it has received investments and trade finance from IFC, EBRD, DEG, KFW, and USAID, along with technical assistance in the areas of credit underwriting, risk management, international accounting standards, business organization, and social and environmental management. |
| Read in full |
|
|
 |
|
| V. Vysokov |
| Basing on the analysis of strategic indicators of the South Federal District this scientific practical handbook discloses main tendencies of socio-economic development and evaluates investment attractiveness of commodity and service markets of the SFD, describes line of activities to liven up investing in the region basing on experience of cooperation of JSC Center-Invest Bank with international financial organizations. The book is aimed at public authority leaders, entrepreneurs, economists, professors and students. |
| Read in full |
|
|
 |
|
| V. Vysokov |
| Center-Invest is the largest private bank headquartered in the Rostov region, an important economic centre in southern Russia. Here the bank's Chairman, Professor Vassily Vysokov, explains why the most interesting banking activity is taking place in Russia's regions |
| Read in full |
|
|
 |
|
|
| Dr Vasily Voskov talks about the advantages of the Southern Federal District of Russia, and, based on the Bank's Center-Invest own experience, introduces the opportunities for potential investors |
| Read in full |
|
|
 |
|
| Ernst Welteke und Wassilij Wysokow über die Bank Center-Invest und die Investitionspotentiale der Südregion |
| Center-Invest in Rostow am Don ist die größte Regionalbank Südrusslands. An der Bank sind unter anderem die European Bank für Reconstruction and Development und die Deutsche Entwicklungsgesellschaft aus der KfW-Bankengruppe beteiligt. Center-Invest fördert kleine und mittlere Unternehmen mit Beratung, Krediten und Leasingfinanzierungen. Redakteurin Diana Püplichhuysen sprach mit dem Direktor der Bank, Wassilij Wysokow sowie dem ehemaligen Bundesbankpräsidenten Ernst Welteke, der heute Mitglied des Verwaltungsrats von Center-Invest ist. |
| Read in full |
|
|
 |
|
| "Center-invest is a regional bank, which efficiently manages regional risks. It is open for international cooperation." |
| EBRD - new shareholder of Center-invest In June 2004 European Bank for Reconstruction and Development extended its partnership with Center-invest by acquiring 25% of the voting shares for $8.15 million and approving a 5 year $5 million loan targeted to SMEs. That moving reinforces cooperation between the two institutions initiated in 2002 when EBRD launched its TFP program and granted a $5 million loan, which was extended to $8 million in 2003. |
| Read in full |
|
|
 |
|
The Ministry of Higher and Middle Education of Russian Federation;
Rostov State Economic University.
JSC Center-invest Bank. Rostov-on-Don, Russia. 2003. |
| This practical-scientific manual explores questions of investment activities and investment policy. The author proposes original approaches to analysis of investment activities and structurization of regional investment policy targets. This manual presents methodic developments for composing investment projects and increasing efficiency in management of marketing, industry, finances, and staff. This manual is useful for managers of enterprises, specialists, students and post-graduates. |
| Read in full |
|
|
 |
|
| V. Vysokov |
| Small business plays a big part in social-economical development of South Russia (includes North Caucasian region, Astrakhan and Volgograd regions, Kalmykian Republic) and South Federal District. It allow to increase manufacture, guaranteeing employment for the population, development in sphere of trade and services |
| Read in full |
|
|
 |
|
| |
| Der Suden Russlands ist eine der dynamischsten Regionen des Landes. Chancen gibt es auch fur osterreichische Betriebe, meint Banker Wassilij Wysokow. |
| Read in full |
|
|
 |
|
|
