foir print

04.09.2003

"Center-invest" Bank: foreign investments for the business of Don and Kuban

On September, 4, 2003 within the framework of visit of Rostov Region business circles to Krasnodar "Center-invest" bank has presented the project of international cooperation on support of investments into small and medium enterprises of South of Russia. This project has been already presented to foreign investors on "The Global Forum of Borrowers and Investors" in London and on presentation of Russian regional banks in Frankfurt by professor V. Vysokov, the Head of Directors Board of "Center-invest" bank.

"Center-invest" Bank has a great experience on operating by international standards of financial reporting (7 years of positive auditing by PriceWaterhouseСоореrs) and cooperation with international financial organizations: World Bank, European Bank of Reconstruction and Development, United States Agency of International Development, International Financial Corporation, first-rate state insurance company HERMES, Federal Corporation of Italy Ministry of Industry SIMEST, largest banks of Europe and USA. Since 1997 "Center-invest" bank is a member of international payment system Europay Int. (MasterCard, Cirrus/Maestro plastic cards).

For today the bank managed to involve more than 30 million dollars of foreign investments for the enterprises of the south of Russia. These fund also work in Krasnodar Region. Within the framework of the agreement with bank GESELLSCHAFT BERLIN, that has granted purpose-oriented credit line for "Center-invest" Bank, 15 German combines CLAAS and a plenty of hinged techniques have been bought for the agricultural enterprises of Region. First-rate state insurance company HERMES (the largest in Germany) has emerged as warrantor under this agreement for bank "Center-invest". The credit for the period of five years has allowed Kuban clients of "Center-invest" bank to get not cheap, but known for its high quality German techniques. The western supplier has independently trained to work on CLAAS combines, it also provides full service of supplied machines.

This year summer, in Krasnodar the branch of bank "Center-invest" Bank started its operations. It will allow the Krasnodar enterprises to strengthen business ties with the Don partners, to speed up calculations for the goods, sold in Rostov Region, to get access for investment funds of international financial organizations.