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in 2005, Fitch Ratings upgraded the Bank's long-term rating from 'В-' to 'В'. In detail…

History

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History of the Banking Group ZENIT

1994

  • Bank ZENIT is established

1995

  • Bank ZENIT obtains a license from the Central Bank of the Russian Federation that allows it to conduct banking operations in rubles and foreign currency

1997

  • Bank ZENIT becomes a member of the Association of Russian Banks (ARB)

1998

  • Bank ZENIT becomes an official advisor to the Finance Ministry of the Republic of Tatarstan
  • The Bank opens its first branch in Almetyevsk (the Republic of Tatarstan) and its first additional office in Moscow

1999

  • The Bank changes its organisational structure and becomes an Open Joint-Stock Company
  • The Bank opens a branch in St. Petersburg

2000

  • Bank ZENIT is OJSC Tatneft's financial advisor in negotiations with foreign lenders to restructure US$1 bn in debt
  • The Bank's branch in Gorno-Altaisk openes

2001

  • Bank ZENIT is the first Russian bank to raise a syndicated loan after the 1998 financial crisis
  • The Bank starts Private banking operations
  • The Bank starts bank card operations and becomes a member of the VISA and MasterCard payment systems

2002

  • The Bank opens branches in Kemerovo and Kursk. The number of its regional branches reaches five

2003

  • The Bank makes its debut US$125 mn. eurobond issue
  • The Bank now offers a full range of retail services to individuals
  • Branches in Nizhni Novgorod and Rostov-on-Don are opened which brings the number of the Bank's regional branches to seven

2004

  • The Bank makes its debut 1 bn rubles bond issue
  • The Bank joins the State Deposit Insurance System
  • Bank ZENIT obtains the status of an Authorized Bank of the Moscow Government
  • The bank opens branches in Chelyabinsk, Samara and Kazan. The number of its regional branches reaches 10, the total number of outlets (including branches, additional offices and mini-offices) reaches 38

2005

  • Bank ZENIT acquires JSB Devon-Credit (OJSC), one of the leading financial/lending institutions in Tatarstan
  • The Banking Group is formed which comprises OJSC Bank ZENIT and JSB Devon-Credit (OJSC)
  • As of the end of 2005 the total number of the Banking Group's outlets increased to 78

2006

  • Bank ZENIT arranges the first issue of foreign securities for a client (CLN for Mirax Group)
  • Bank ZENIT becomes the first Russian bank to manage a US$ 250 mn CDO issue linked to a Russian debt portfolio
  • As of the year end of 2006 the Banking Group's equity reached US$ 528 mn
  • By the year end of 2006 the total number of the Banking Group's outlets rose to 91

2007

  • Bank ZENIT acquires LLC CB Sochigazprombank (renamed into Bank ZENIT Sochi) and OJSC Lipetskkombank. The number of the Banking Group's members rises to four
  • 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.
  • Bank ZENIT's regional branch network expands as a result of establishment of 5 more own branches - in Kaliningrad, Surgut, Saratov, Perm and Novosibirsk. The number of the Bank's own branches reaches 15. The total number of the Banking Group's points of sale increases to 150
  • The Banking Group maintains presence in 21 out of 84 Russian regions

2008

  • Bank ZENIT acquires OJSC Spiritbank (the city of Tula). The number of the Banking Group's members rises to five
  • The bank opens branches in Ekaterinburg. The number of the Bank's own branches reaches 16. The total number of the Banking Group's points of sale increases to 164
  • Banking Group ZENIT maintains presence in 23 out of 84 Russian regions
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9, Banny pereulok, Moscow, 129110, Russia
tel.:(495) 937-07-37



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E-mail: info@zenit.ru