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

Corporate values and social responsibility

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Corporate values are the basic elements of corporate culture which guide the company's activity. They differentiate it from other companies, consolidate its personnel, and largely determine development of its business. Success of the Banking Group ZENIT is based on compliance with the following fundamental principles:

  • Transparency for the market and potential investors, implementation of best international corporate governance practices.
  • High quality of products based on prompt provision of services, knowledge of customer business, and comprehensive personal servicing aimed at establishment of long-term mutually beneficial partner relations.
  • Active involvement in the life of the professional community, and assisting federal government bodies in improving banking law.
  • Social responsibility and attention to the needs of employees, proper recognition of individual contribution, commitment, professionalism and loyalty of each employee.

The system of rules and standards based on fundamental corporate values is codified in internal documents of the Banking Group ZENIT.

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