Vozrozhdeniye Bank has issued the 500,000th bankcard

13 October 2004

In honour of this event the ceremonial presentation of the half million’s bankcard to the Bank’s President Dmitriy Orlov took place.

At the moment all the Bank’s bankcards are international (VISA International and MasterCard International). Among them 74% — chip cards of EMV standard (VSDC and Mchip). The Bank services the network covering 293 ATMs. As at 1st October the bankcard balances amounted to USD 78.9 ml, turnover for 9 months — over RUR 20 billion.

Vozrozhdeniye Bank issues VISA cards since 1996 and is a Principal Member in VISA and MasterCard since 1998. The Bank services the cards through its own certified processing centre. Beginning with September 2001, the Bank performs servicing of the UnionCard bankcards.

Since April 2003 the Bank has been issuing the chip cards of VSDC (VISA Smart Debit/Credit) standard of VISA International payment system.

In April 2004 Vozrozhdeniye Bank completed certification of the MasterCard chip cards and launched their issuing.

Moody’s Interfax Rating Agency upgraded the long-term credit rating for Vozrozhdeniye Bank up to Baa2 (rus) level
Moody’s Interfax Rating Agency upgrades Vozrozhdenie bank to Baa2 (rus)