foir print

30.03.2015

Center-invest Bank Recognised as Southern Russia’s Most Reliable Regional Bank

Center-invest Bank ranks 33rd in the annual bank reliability rating published by Forbes business magazine. This is two places higher than last year. Center-invest Bank is the only bank in southern Russia to be in the Top 50 most reliable Russian banks.

The rating’s compilers ranked the 100 largest Russian banks by assets, capital, capital adequacy and return on equity as at 1 January 2015. The rating is based on information from the Russian rating agencies Expert RA and Interfax. It also reflects whether a bank has long-term international ratings from Moody’s, Standard & Poor’s and Fitch.

Center-invest Bank is the only bank in southern Russia to have a Ba3 global scale rating from Moody’s, which it has held for nine years.

This is the nineteenth year that the bank has reported under IFRS. Our auditor is PricewaterhouseCoopers Audit. Center-invest Bank recently announced its 2014 results: net assets increased to RUB91.3bn (+20.2%); the loan and lease portfolio reached RUB72bn (+17%); and capital increased to RUB9.6bn (+9.5%). The bank’s net profits for 2014 were RUB1.1bn.

Center-invest Bank is one of the banks trusted by the Bank of Russia to service the accounts of strategically important companies and pension and government budget funds. Both the Bank of Russia and the Federal Customs Service accept guarantees from Center-invest Bank, and we provide cash services to the Federal Treasury in Krasnodar Krai and the Rostov and Volgograd regions. Center-invest Bank is also listed by the Bank of Russia as a “significant bank in the payment systems market”.

A highly reliable and efficient company, Center-invest Bank is successfully applying a transformational banking business model. The banking industry and regulators now recognise the considerable benefits offered by this approach.