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20.10.2008

Center-invest Bank: Your Reliable Partner in Southern Russia

In October Center-invest Bank published its Q1-Q3 2008 results. The financial statements were produced in accordance with International Financial Reporting Standards (IFRS), with which Center-invest has been working for the past twelve years.

Leading international investors are already working with Сenter-Invest Bank: the EBRD, KfW, DEG, IFC, FMO. One of Europe's oldest savings banks, Erste Group (Austria), recently became a shareholder in Сenter-Invest.

Since the beginning of 2008 Сenter-invest Bank has provided companies operating in the real economy with loans totalling RUR45.7bn. This includes more than RUR13.5bn in loans to SMEs. Thirty thousand small businesses and sole traders bank with Center-Invest.

Сenter-invest's customers are using the loans to upgrade their equipment, in part by installing energy efficient technology. The bank's energy efficiency loan portfolio is RUR1bn.

Сenter-invest's customers that have carried out energy efficiency programmes have managed not only to modernize their equipment, but also to reduce their energy costs by 40-70%.

So far in 2008 more than 3,000 new business accounts have been opened. (As at 01.10.08 Center-Invest was managing 35 672 business accounts.)

The number of retail depositors has risen: 334 000 residents of southern Russia bank with Center-Invest, and 108,000 people are using MasterCard International and Visa International cards issued by the bank.

Center-invest's improved financial performance is also due to the continuing expansion of its branch network. The bank opened a new office in the centre of Rostov-on-Don, the capital of the Southern Federal District, and another nine new branches are scheduled to open by the end of the year.

Key financial indicators (IFRS), RUR millions

 

01.01.01

01.01.02

01.01.03

01.01.04

01.01.05

1.01.06

01.01.07

01.01.08

01.07.08

01.10.08

Shareholders' equity

209.5

413.8

678.3

779.1

1140.8

2178.6

4187.8

5226.7

5462.8

5742.1

Assets

960.3

1635.3

3124.0

5257.3

8492.6

13637.2

23832.6

39461.1

44294.4

48549.8

Loans and leases

515.4

891.1

1928.0

3127.2

5323.6 

8202.2

15819.7

28723.3

34131.8

34229.6

Customers accounts

690.5

1072.7

1750.2

2904.9

4858.7

7727.1

12361.0

19245.1

20850.5

23037.1

Profit

(6.8)

3.9

14.2

93.5

131.1

305.7

513.3

700.9

393.8

673.1