foir print

09.08.2005

Bank Center-invest opened correspondent account in one of the largest banks of the world.

Wachovia Bank is the fourth largest bank of the USA; it takes the 39th position of the world rating. The volume of bank assets is USD 389 billion; shareholders’ equity exceeds USD 30 billion.

At present Bank Center-invest possesses eight correspondent accounts in Germany, France, Italy, Great Britain and in the USA.

Bank Center-invest has been cooperating with American financial institutions since 1996. US Agency for International Development (USAID) acts as a guarantor of Bank Center-invest in the sphere of lending to SMEs to the amount of USD 6 million.

International Finance Corporation (IFC is a World Bank structure) has granted to Bank Center-invest credit lines to finance SMEs of South Federal District to the total amount of USD 7 million and USD 5 million of subsidized credit.

According to the rating of Bankers Almanac, Bank Center-invest has ascended by 243 positions and took 2370th position of the rating “The best banks of the world” according to the results of 2004. Thus, OJSC Credit Bank Center-invest became the best bank of Don region of the world rating.