foir print


PricewaterhouseCoopers will start audit «Centre-invest»

    The worldwide known PricewaterhouseCoopers will start audit "Centre-invest" annual 1999 balance in July. Bank is interested in international cooperation and needs in recognition of stability, ability to work on equal standards with foreign colleagues. Presence of such bank promotes positions in foreign markets as for clients participating in international economic activity so for all region.

    It is the fourth PriceWaterhouseCoopers audit since 1997. Audit confirms report of bank presented in accordance with international accounting standards. These standards assume particularly creation higher reserves for all types of risks than national canons, recognition of profits and expenses on the "increasing" principle usage of shorter terms for amortization.

    Existence of the bank with the long-term audit history demonstrates that it"s possible to work legally and profitably in Russia. Traditional audit raises investment attractiveness not only for the bank, but Rostov region as a whole.