Turnover on Bank Vozrozhdenie card accounts grew by 15 % in 2010

2 February 2011

Bank Vozrozhdenie summarized results of banking cards business for 2010. Turnover on card accounts exceeded RUB 155.9 bln in 2010 which is 15% higher than in 2009. Number of circulating banking cards amounted to 1 392 thsd as of January 1, 2011.

“We managed to maintain our client base and during 2010 the Bank issued more than 250 thsd of new cards. Card business is one of the Bank’s main source of income, thus according to 2010 results it comprised 25% of the Bank’s total non-interest income.” — noted Mark Nakhmanovich, Deputy Chairman of the Management Board. — “In 2010 the Bank arranged its 10 000th payroll project, now total number of payroll cards amounts to 1.3 mln.”

The Bank’s ATM network consisted of 730 ATMs including 151 ATMs with cash-in function as of January 1, 2011.

The Bank renders its services to about 2 400 points of sale with a possibility of payment via banking cards. At the same time volume of transactions in such points of sale grew by 47% against 2009 and exceeded RUB 5.8 bln.

Bank Vozrozhdenie has been a Principal Member of international payment systems Visa and MasterCard since 1998. All issued cards are smart cards. The Bank’s has it’s own processing center since 1998.

Bank Vozrozhdenie participated in Deutsche Bank Russia One-on-One Conference
The Board of Directors of Bank Vozrozhdenie held its regular meeting