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Transition to Transformations

Dr Vasily Vysokov, the chairman of the Board of Directors of Center-invest Bank, attended the Europe Summit held by the Institute of International Finance (IIF) in Frankfurt on 25-26 June.

At the 2010 Summit Center-invest Bank had presented its initial proposals on changing the landscape of the financial markets1. While just five years ago these ideas were considered surprising, at this latest summit they were discussed in the normal course of business.

Dr Vysokov pointed out to delegates that most European countries have experience not only of transition from an administrative to a market economy, but also of transitions from crisis A to crisis B. Transformational banking allows people to work with ease and confidence amid continual change and crises. Center-invest Bank is actively introducing transformational approaches into the work of its customers, partners and employees.

At a round table for heads of Central and Eastern European banks, Dr Vysokov spoke specifically about Center-invest Bank’s experience of providing free online training in the basics of entrepreneurship to more than 11,000 people.

The IIF Europe Summit provided Center-invest Bank with an opportunity to assess development trends in European financial markets. This helps the bank to transform its products and technologies for southern Russia’s financial services market.

1. Transformational Banking: made in Russian