ZENIT's turnover under securities transactions at stock exchanges increased by 197% in 2005
Last year Bank ZENIT significantly increased the level of transactions in the securities market, which largely happened due to the growing number of clients operating through the Bank. The clients' aggregate securities turnover at stock exchanges increased by 197% relative to 2004 and amounted to RUR125.27 billion. The turnover in the term market increased by 105% to RUR8.80 billion.
When assessing the turnover growth in the secondary bond market, it is necessary to note that Bank ZENIT was steadily ranked by MICEX among the leading operators of the secondary bond market in 2005. ZENIT's aggregate amount of transactions with corporate, municipal and regional bonds exceeded the 2004 level by 67% totalling RUR97.6 billion in 2005.
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