Vysokov Sees No Financial Crisis in South Russia Economy
Vasily Vysokov, chairman of Bank Center-Invest, talks with Bloomberg's Nina De Roy about the bank's lending activity in southern Russia.
How can we survive the crisis?
Of late, people keep asking, "How can we survive the crisis?" Scenario No.1 proposes total relaxation until better times arrive. Scenario No.2 requires a concerted effort to control liquidity, monitor markets, reconsider plans and projects, and establish new business in new markets which will allow them over time to join those who opted for the first scenario and to relax. In either case, the main thing is to stay calm.
Professor in the Bank
Question everything, the young Marx taught. The Cossack woman, grandmother of Vasily Vysokov, the Doctor of Economics, inspired him with the same principles: "Theory and practice are sometimes completely different things" Her grandson learnt the lesson well and in 1991, keeping on his theoretical research, he went to the Center of Economic Support to transfer to market economy under the Rostov Region Administration to see how the theory fights with practice.
Deal. Center-invest has another shareholder Another Austrian Bank
The Austrian Erste Bank has signed the agreement to purchase 9,8% of the shares of the Rostov Center-invest Bank and will introduce its representative to the Board of Directors, as Erste Bank informed. Dmitry Gorchakov, the head of the Public Relations department of Center-invest Bank, proved the fact that the agreement had been signed but refused to give any other comments till the end of the deal.
Center-invest pleases the farmers
Center-invest has obtained RUB600m from the European Bank of Reconstruction and Development for the support of the agriculture, as Alan Pillow, EBRD Business Group Director for Russia, reported. The credit line is launched with the maturity of five years, it was stated by Dmitry Gorchakov, the chief of the PR service. The parties do not disclose the terms of loan.
Southern Russia: New Area of Growth for the Russian Economy
Russia is one of the four rapidly growing BRIC economies. Some parts of the country are developing particularly quickly, including the Southern Federal District, which covers the area of 591 thousand km2 and has the population of 23 million people.
Summarised International Financial Reporting Standards Consolidated Financial Statements
Center-invest Bank Group
Independent auditor's report