foir print

21.02.2008

Bank Center-invest has attracted $145 million into the economy of the South Russia

On February 21th, 2008 Center-invest Bank has successfully extended its syndicated loan originally arranged by Standard Bank PLC (London) and Commerzbank AG (Frankfurt) in February 2007.

As a result of high demand from participating banks the amount of the loan grew to $145 million which is almost double of the amount of the original financing. Term of the loan and other conditions remained unchanged.

Thirty seven banks from Europe, Asia, Africa and the United States participated in the syndication. (Please refer to attachment #1)

According to Kristina Tchoufarova, Senior Vice President, Debt Capital Markets, Standard Bank Plc, the Bank Center-invest “Extension was one of the first CIS bank loans (and one of the few ones) to be launched into the difficult market of January 2008. Bank Center-invest has always been a popular name with investors. Since its first international syndicated loan in 2006 Bank Center-invest has developed strong relationship with partner banks across the globe. This is normally a good foundation for any extension. However, a 81% oversubscription from the initial amount of US$80m has certainly exceeded all our expectations and has truly demonstrated an outstanding work by the Borrower and arrangers (Commerzbank AG and Standard Bank Plc). Through their joint efforts the extension has not only kept the majority of the existing lenders in but also attracted a large number of new lenders. We are very pleased with the result of this Extension. This will undoubtedly enhance the profile of Bank Center-invest in the international capital markets."

The facility will be used to increase lending to the small businesses of the South of Russia and to develop trade finance operations in the region. The syndicated loan will help to realize the main goals of Center-invest Bank’s strategy “South of Russia+”:

  • Raising the living standards and developing entrepreneurship in the South Russia
  • Investing in energy efficiency technologies
  • Introducing modern technologies in the agriculture and construction sectors as well as in the industrial and transport infrastructure of the South Russia

Participants of the syndication

DIRECT LENDERS:

1. STANDARD BANK PLC
2. FBN BANK (UK) LTD
3. COMMERZBANK AKTIENGESELLSCHAFT
4. ANGLO-ROMANIAN BANK LTD
5. ZAO BANCA INTESA
6. COMMERCIAL BANK OF INDIA LLC, MOSCOW
7. DEMIR-HALK BANK (NEDERLAND) N.V.
8. GARANTIBANK INTERNATIONAL N.V.
9. NATIONAL BANK OF EGYPT (UK) LIMITEDN.V. DE INDONESISCHE OVERZEESE BANK HAMBURG BRANCH
10. RAIFFEISEN ZENTRALBANK ЦSTERREICH AKTIENGESELLSCHAFT
11. HSH NORDBANK AG LUXEMBOURG BRANCH
12. NATIONAL CITY BANK
13. VTB BANK (DEUTSCHLAND) AG
14. LANDESBANK BADEN-WURTTEMBERG, LONDON BRANCH
15. LHB INTERNATIONALE HANDELSBANK AKTIENGESELLSCHAFT
16. WACHOVIA BANK, NATIONAL ASSOCIATION
17. WGZ BANK AG WESTDEUTSCHE GENOSSENSCHAFTS - ZENTRALBANK
18. ZAO CITIBANK
19. ADRIA BANK AKTIENGESELLSCHAFT
20. AKA AUSFUHRKREDIT – GESELLSCHAFT M.B.H.
21. ABN AMRO BANK N.V.
22. BANK AUSTRIA CREDITANSTALT AG
23. ERSTE BANK DER OESTERREICHISCHEN SPARKASSEN AG
24. COOPERATIEVE CENTRALE RAIFFEISEN-BOERENLEENBANK B.A.
25. CLOSED JOINT STOCK COMPANY UNICREDITBANK
26. HYPO ALPE-ADRIA-BANK INTERNATIONAL AG
27. VAKIFBANK INTERNATIONAL AG
28. INDOVER BANK

FRONTED LENDERS:

29. BANK SINOPAC
30. FIRST GULF BANK
31. MEGA INTERNATIONAL
32. EXPIRT -IMPORT BANK OF CHINA
33. BANQUE BIA
34. HUA NAN COMMERCIAL BANK
35. LAND BANK OF TAIWAN
36. ATLANTIC FORFAITIERUNGS ZURICH
37. OVERSEAS CHINESE BANKING CORPORATION

Bank Center-invest

Your strong partner in the South of Russia

Shareholders:

EBRD – 27,5%

DEG – 22,5%

Firebird Investment Fund – 9,9%

Renaissance Capital – 8,2%

Raiffeisenlandesbank Oberösterreich – 3,6%

Bank management and employees – 21%

Other shareholders – 7,3%

Main financial indicators

11 years PricewaterhouseCoopers has been auditing the Bank in accordance with IFRS.

Bln. Rub.

01.01.05

01.01.06

01.01.07

01.01.08

01.01.11 plan

Capital

1,2

2,2

4,2

5,0

8,8

Assets

8,5

13,6

23,8

38,5

89,6

Loans

5,3

8,1

15,8

29,1

62,2

Deposits

4,9

7,7

12,4

22,7

44,7

Profit

0,1

0,3

0,5

0,7

1,9

RATINS

Agency   

Credit rating

Rating

Moody’s Investor’s Service

international

В1 «positive outlook»

Moody’s Interfax Rating Agency

national 

А1.ru

RusRating

national

BB+