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Bank ZENIT extends network with its new «Surgutsky» branch

Moscow, October 17, 2007

Bank ZENIT announces that its new branch, opened in Surgut, has become its 134th location including branches, affiliates, subsidiary branches, credit-cash offices and operating cash desks out of cash offices. ZENIT banking group is now present in 18 of 85 administrative regions of the Russian Federation.

The «Surgutsky» branch provides the full range of banking services for both corporate entities and individuals.

Commenting on the opening of new branch, the Chairman of the Management Board of Bank ZENIT Kirill O. Shpigun underlined: «Development of a regional branch network is one of the top priorities and one of the strategic missions for Banking group ZENIT. The economic growth potential of the Khanty-Mansiysk Autonomous District and the Tyumen Region gives the surety for further dynamic development of the regional financial system. Under these circumstances the opening of a new branch office will not only make banking services closer and more convenient for our customers, but it will also reduce running and operating costs and increase the efficiency of transactions.»


REFERENCE:

OJSC Bank ZENIT (www.zenit.ru) is one of the leading private financial institutions in Russia offering - a universal banking service for corporate customers based on advanced banking technologies. Bank ZENIT is a dynamically developing Russian bank assigned the ratings by international rating agencies as follows: Bа3/Stable (Moody's) и B/Positive (Fitch).

Apart from Bank Zenit, the following banks are the members of the Banking Group:

Joint Stock Bank «Devon-Credit» (OJSC) - established in 1992; one of the leading retail and corporate banks in the Republic of Tatarstan.

OJSC «Lipetskcombank» - started its commercial activity in 1964 as a municipal branch of the State Bank of USSR. In 1990 it was registered as a commercial bank for social development and construction «Lipetskcombank». The priority of the business activity of the bank is end-to-end service of corporate customers and active development of retail banking business.

OJSC CB «Sochigazprombank» - established in 1990; focused on the provision of services to all categories of customers - from private depositors to large manufacturing outfits and enterprises.


Banking group ZENIT press-centre
Tel. + 7 (495) 937 07 37, + 7 (495) 777 57 07,
e-mail info@zenit.ru

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