Bank ZENIT Among Private Banking Leaders
Moscow, February 11, 2008.
Bank ZENIT retains its leading positions on the Russian Private Banking Market according to Private Banking and Wealth Management Survey 2008 conducted by Euromoney. Euromoney has been publishing special reviews of international financial market and conducting annual independent regional private banking surveys since 1992.
Private Banking and Wealth Management Survey 2008 was prepared in September-November 2007 based on the results of a poll conducted among top managers of leading financial companies. According to Euromoney, Bank ZENIT has strengthened its positions in the private banking market, moving one notch up from the fourth to the third position since the previous survey. The findings of Private Banking and Wealth Management Survey 2008 are presented in the January issue of Euromoney.
A. V. Likhovid, Director, Directorate of Private Banking, Bank ZENIT, confessed: "This award has come as a pleasant surprise. Recognition by independent experts is always gratifying and exciting. Naturally, this success is not ours alone, it is shared by the entire Bank, and our task is to continue to develop and improve this type of banking services".
FOR REFERENCE:
Banking Group ZENIT relies on state-of-the-art banking technologies to offer a full scale of banking services to corporate and retail customers. According to Bank Group's IFRS consolidated accounts for the first half-year of 2007, it had US$675 mln in equity and US$5.53 bn in assets.
Members of the Banking Group:
OJSC Bank ZENIT (www.zenit.ru) is one of the country's 25 leading private finance and credit institutions in terms of assets, profit and equity (according to Rosbusinessconsulting and Expert RA Rating Agency). Provision of integrated corporate banking services is one of its core areas of operations. Bank ZENIT is actively involved in development and promotion of retail services, and offers its individual customers the full range of banking programs, including deposits, mortgage, consumer and car loans, bank cards, and safe deposit boxes. The Bank also has strong positions in the market for investment and private banking services. Bank ZENIT is rated by international rating agencies at Ba3/Stable (Moody's) and B/Positive (Fitch).
JSB "Devon-Credit" (OJSC) was established in 1992. Today it is one of the best retail and corporate banks in the Republic of Tatarstan. In 2005 OJSC Bank ZENIT and JSB "Devon-Credit" (OJSC) formed a Banking Group.
OJSC Lipetskkombank started up in 1964 as a municipal division of the State Bank of the USSR in the city of Lipetsk. In 1990 it was registered as a social development/construction commercial bank named Lipetskkombank. It joined Banking Group ZENIT in 2007.
Bank ZENIT Sochi (LLC) was founded in 1990 to provide a full spectrum of banking services. It joined the Banking Group ZENIT in 2007.
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