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Center-invest Bank increases its funds due to international standard operations

Center-invest bank gets positive international standard audit report 7th year in a row. Center-invest Bank was traditionally examined by audit company PriceWaterhouseCoopers. As the international specialists' s estimation the bank funds (RUB678, 3mln) exceeded comparable index in Russia by RUB50mln.

The growth of funds is connected with market assets valuation including increasing of loan portfolio quality. In conformity with international practice the bank buildings land value was counted up. Let us remind that Center-invest has become first of Rostov banks in the year of 2002 to purchase in ownership the land it stands on.

Results of international standard auditing also confirmed fulfillment all of requirements of western partners: EBRD, IFC, USAID. It allows to expect in a current year doubling of credit and warranty limits opened in 2002 by international financial organizations for Center-invest bank. Appropriate preliminary agreements were reached during talks between heads of Center-invest bank and its international partners on yearly EBRD meeting in Tashkent on 4-5 May, 2003.