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Don`t You Know That Bank ZENIT

in the second half 2005, Bank ZENIT purchased over 90% of shares in Almetyevsk-based Devon-Credit Bank In detail…

Financial Reports

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Bank ZENIT draws up its financial statements in accordance with both Russian Accounting Standards (RAS) and International Financial Reporting Strandards (IFRS). The decision in principle to draw up financial statements in accordance with international standards was made soon after the establishment of the Bank.

Financial statements drawn up by Bank ZENIT are certified by independent auditors. Currently the Bank's IFRS statements are certified by CJSC Deloitte and Touche CIS, RAS statements - by Energy Consulting company.

Deloitte & Touche CIS is one of the nation's leading professional services firms, providing audit, tax, consulting, and financial advisory services through over 3 500 people in 13 offices across 9 countries of the region. Known as an employer of choice for innovative human resources programs, it is dedicated to helping its clients and its people excel.

Energy Consulting is a Russian Audit and Consulting Group providing a wide array of professional services for Russian companies of different branches on the territory of Russia, European and CIS countries. Today according to «Expert RA» Rating Agency the Energy Consulting Group is ranked among TOP-10 major Audit and Consulting Groups of Russia.

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Reports in accordance with IFSR

Reports in accordance with RAS

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