31 January 2008
In 2007 Bank Vozrozhdenie added 31 new offices in the regions where the bank is currently presented. The additional offices were opened in St. Petersburg, Volgodonsk, Barnaul, Mineralnye Vody, Pyatigorsk and a number of Moscow Region cities and towns. Moreover Bank Vozrozhdenie entered the market of bank services in Ryazan by opening its first office in the region. The branch network of the bank currently includes 169 offices in 20 regions of Russia.
During 2007 Bank Vozrozhdenie opened 3 mortgage centers, namely in Taganrog, Volgograd and Volzhskiy. The mortgage centre is a new format of offices providing wide range of services to clients and having the infrastructure necessary for preparing documents and concluding mortgage contracts.
The Bank’s ATM network grew in the past year by 80 ATMs and as at January 2008 included 550 ATMs, 140 of which have cash-in function. The Bank continues to develop
Dmitry Orlov, President of Bank Vozrozhdenie, noted, that the banks regional strategy is to build the most convenient and accessible infrastructure in the regions where the bank is currently presented. “By expanding the points of services and making bank services more attractive for clients we create better basis for effective and stable growth than by aggressive expansion to other regions,” — commented Dmitry Orlov.
Bank Vozrozhdenie, a community bank for companies and individuals, was founded in 1991. (General License from the Central Bank of the Russian Federation # 1439, March 24, 2003.) The bank is among the Top 30 Russian Banks in the Central Banks rating.
Bank Vozrozhdenie’s creditworthiness is confirmed by international rating agency, Moody’s, which has assigned it a Foreign and Local currency Deposit Ratings of Ba3, Bank Financial Strength Rating of D- and National Scale Rating Aa3.ru. All ratings have stable outlook.
In 2007 Bank Vozrozhdenie was recognized as one of the winners of “The Company of the Year” award in the category of “Reputation and Trustworthiness” and received the “Big Money” prize as the best bank of mid—capitalization.