B.I.N.BANK has summarized the results of international business in 2008

In August, 2008 B.I.N.BANK drew a syndicated loan in the amount of USD 27 mln. that added the total amount of international financing to USD 206 mln. The volume of short- and long-term trade finance operations exceeded USD 140 mln. and the total portfolio of international transactions made above USD 346 mln.

Usually, financing of the customers’ deals was made in form of L/Cs (including stand-by) and guarantees. It should be mentioned that the considerable part of obligations issued by the Bank is represented by direct obligations which do not require confirmation by foreign counterparts. This fact is the evidence of confidence of the foreign suppliers towards B.I.N.BANK and its recognition as reliable financial partner.

Throughout the year 2008, geography of the Bank’s transactions was also expanded. Except for traditional transactions with exporters from Europe and USA, share of deliveries from China and Korea has significantly increased that reflects one of the strategic priorities of the Bank in development of relationships with Asian financial institutions.

In the meantime, the Bank kept on expanding its correspondent network. The Bank opened a CHF correspondent account with UBS AG (Switzerland) and obtained an agreement for effecting settlements in EUR under VISA plastic cards transactions. Another correspondent account in GBP was opened with Standard Chartered Bank (UK).

Latest News ORGRESBANK has summarized results of the first half year of 2009 B&N Bank has improved its loan book quality Regulation of the Russian Government dated June 23, 2009 ¹ 854-r Alfa-Bank 2008 Annual Report On Approving Ernst and Young Vneshaudit as Auditor of Vnesheconombank's Annual Financial Statements for 2009 B&N Bank has issued IFRS Consolidated Financial Statements for the year ended 31 December 2008 TransCreditBank Presents Its Financial Statements BNP Paribas Group: Results as at 31 March 2009 According to RAS profit of B&N Bank in 1Q2009 amounted to RUB 142 mln. TransCreditBank Group Produced its 2008 IFRS Accounts

VTB Bank announces its performance results For the last two years, outstanding loans increased more than 2.3 times to RUR 108 billion, customer deposits accounted for 230.8% to RUR 93 billion. And VTB Bank succeeded in achieving transaction growth ahead of the average market rates. [Read...]