foir print

09.06.2000

ANNUAL shareholders meeting

    ANNUAL shareholders meeting

    Annual shareholders meeting "Center-invest" has taken place at 9 June. The main result 1999 is: not only the bank but all main clients forced there positions on the market.

    Tatiana Visokova, director, reported that the main factors are enlarged:

    • Capitalization 1,8 times;
    • Quantity of clients 1,4 times.

    "Center-invest" capitalization becomes one of the largest among banks in Rostov. The leading enterprises of region are shareholders of bank: "Rostovenergo" (electricity), "Rostovelectosviaz" (telecommunications), "Rostovgorgas" (gas supplier). Bank participated in boards "Rostovenergo", "Rostselmas" (machinery for agriculture), "Krasny kotelsik" (machinery for power producers), "Rostov CUM" (central mall).

    In 1999 total of loans is enlarged 1,5 times and reached 267,9 ml roubles (about 10 ml US$). Main borrowers are trade enterprises 50%, manufactures 18,2%, transport and telecommunications 11,4%. Vastly enlarged loans for electricity and gas suppliers.

    Agriculture becomes a new direction in lending. "Center-invest" was approved by the regional government as agent for farmer's loans.

    Clients of the bank became enterprises placed far away from the city due to the system "Client-bank" (telebanking).

    "Center-invest" is the single Rostov bank, accreditated in Europay. In 1999 "Center-invest " has opened new currency-euro accounts in leading banks of Germany and France. Turn on this accounts in 1999 was more than 165 ml US$ and 5 ml Euro.