Bank Vozrozhdenie is a strategic partner of the Moscow Oblast Government

30 August 2010

Government of Moscow Oblast and Bank Vozrozhdenie have concluded a 5-year Agreement for cooperation.

This agreement anticipates implementation of projects in a key priority areas of social and economic development of Moscow Oblast including development of traffic and transport, fuel and energetic, housing and utility, agro-industry and social complexes.

“Moscow region is a key region for Bank Vozrozhdenie business. This is our home territory where Bank Vozrozhdenie was founded and expanded.” We’ve been working closely with enterprises, municipalities and the Government of Moscow Oblast for about 20 years from the moment of the Bank’s foundation. Nowadays more than 30 thousands enterprises located in the region are among our clients and almost 860 thousands of Moscow region residents receive salaries via our banking cards. We have one of the most developed distribution networks on the territory — 98 branches and 438 ATMs provide services to our clients. Implementing any project we aim at establishment of long term relationships and intend to strengthen our position in Moscow region from now on", — commented Dmitry Orlov, the Chairman of Bank Vozrozhdenie.

For the first time Agreement for cooperation between Government of Moscow region and Bank Vozrozhdenie was concluded in 2005. The present Agreement will have an effect till August 2015.

Bank Vozrozhdenie reports H1 2010 IFRS profit of 218 million rubles, up +25% QoQ
The Board of Directors of Bank Vozrozhdenie held its regular meeting