OREANDA-NEWS. The Stavropol branch of Bank Electronika, located at Ulitsa Mira 284/1, began conducting banking operations for citizens and businesses of the city and surrounding areas.

Bank Electronika is continuing to develop its regional network by opening a branch, its tenth, in Stavropol. The new office is the fourth branch the Bank has opened since the beginning of 2007. Such intense headway in the regions is part of a strategy to increase the effectiveness and the dynamic development of Bank Electronika, which the magazine The Banker recognized in 2005 as one of the fastest growing banks in the CIS.

Considerable work was done and a qualified group of employees chosen and trained before opening the Stavropol branch. Specialists from the Bank studied the needs of businesses in Stavropol and Stavropol Krai.

Bank Electronika has named Oksana Ivolgina to head its Stavropol branch.

Corporate clients may avail themselves of the following services at the new branch:
Cash settlement and cash servicing
Deposit programs
Credit products
Operations with marketable securities
Documentary transactions
Operations in international markets

For the individual client, the branch offers these and other services and banking operations:
Residential mortgage credit
Term deposit programs
Foreign currency conversion
Transfers of funds
Establishment and maintenance of accounts

Vladimir Romanov, Chairman of the Management Board of Bank Electronika, remarked on the opening of the new branch: “Stavropol Krai is a region with great investment potential. We bring banking experience and professionalism acquired over the course of 17 years to the region. We offer organizations and businesses of Stavropol Krai all the services of a universal credit institution and related services from our financial service-partners, part of the Bank’s group: consulting and auditing, insurance and leasing services. Bank Electronika is developing in accordance with its strategy for 2006-11: improving the quality of client services, boosting the effectiveness of work, increasing the transparency and attractiveness of our business, and augmenting our share in the market for banking services. By perfecting our business processes and introducing leading-edge international experience, the Bank is systematic and confidently moving toward achieving those goals.        

“We believe that the positive changes we have made in the structure and work of the Bank will reflect on our clients and on the social climate of Stavropol. We are counting on collaborating in the future with businesses, the government of the region, and the city’s administration to improve the quality of life and the economy of the area, to contribute to the well-being of the city and the region as a whole.”

Affirmation of Mr. Romanov’s words may be found in the efforts of Bank Electronika and Nova Ljubljanska banka (Slovenia). The two banking institutions are financing a project for RosmedservisPlus to reconstruct and add to the Center for Rehabilitative Care in Stavropol Krai. More information on the project may be found on Bank Electronika’s site: http://www.elektronika.ru/new_eng.phtml?dd=0711&yy=2007