OJSC Bank ZENIT to deposit the funds of OJSC "Novgorodoblgaz"
On May 15, 2008 in Nizhny Novgorod they totaled the results of the open tender to choose an organization to render the services of depositing the funds of OJSC "Novgorodoblgaz" in 2008 - 2009. OJSC Bank ZENIT won the tender.
The other participants in the tender, besides Bank ZENIT, were the RF Savings Bank OJSC and "AK BARS" OJSC.
The assessment of the applications from these organizations was done on the basis of a set of criteria, which allowed the contest commission to award each bank the final aggregate points. In accordance with the stipulations of the Federal Law "On order placement, execution of works, and rendering of services for state and municipal needs", as well as in compliance with the other terms of selection, Bank ZENIT, which was the first to file the application, was announced by the organizer of the tender to be the winner.
FOR REFERENCE:
Banking Group ZENIT was formed in 2005 as a result of the purchase by Bank ZENIT of a controlling stake in JSB Devon-Credit (OJSC). In 2007, the Banking Group acquired OJSC Lipetskkombank and JSB Sochigazprombank LLC (later renamed into Bank ZENIT Sochi). According to the consolidated statement of the Banking group for 2007, made in accordance with IFRS, the equity capital of the Banking group amounts to $738 mn, the assets amount to $6,645 bn. The Group provides a full-scale range of banking services in the following areas: comprehensive services to the corporate clients, retail services, private banking, investment banking and interbank business. Banking Group ZENIT is represented in 21 of 83 regions of the Russian Federation; its own retail network consists of 150 points of sale. The Group has created a wide international correspondent network of banking partners, with co-operation from more than 80 international institutions in Europe, America and Asia. Bank ZENIT is currently rated Bа3/Stable by Moody's and B/Positive by Fitch. Being an active debt market player, Bank ZENIT arranged 8 international syndicated loans, 2 Eurobond issues (the debut issue was repurchased in 2006) and 5 ruble bond issues (the debut issue was repurchased in 2007).
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