OREANDA-NEWS. June 7, 2008. The Rostov branch of Bank Electronika marked its second anniversary. The office opened its doors in the spring of 2006.

The Bank’s presence in Rostov and Rostov Oblast has important strategic significance. Rostov-on-Don is a large industrial city with considerable investment capital, many banking institutions, and well-developed infrastructure. Bank Electronika has won an estimable place among credit organization in the region. It provides lending services mainly to businesses engaged in service and trade; the share of these businesses in the Bank’s total portfolio of Rostov clients exceeds 90 percent.

The work of the branch, in accordance with the strategy of Bank Electronika, is focused on servicing small and medium-sized businesses. Since its opening in Rostov, the branch has begun to implement a long-term investment project – credit financing to enable Rostovskiy Port to construct a fourth cargo-handling area. The project will cost 110 million rubles.

As of May 26, 2008, the currency balance and loan portfolio of the Rostov branch of Bank Electronika were 291 million rubles and 238 million rubles, respectively. It is noteworthy that the share of deposits from individuals in the liability base of the branch on May 26, 2008, nearly doubled in comparison with the same period in 2007.

Elena Vasilyeva, Member of the Management Board of Bank Electronika and Director of the Directorate for Small and Medium-Sized Businesses, noted: “We provide the entire spectrum of basic banking services to legal entities and individuals in the Rostov area. In our work with corporate clients, the Bank strives to create comfortable conditions for growth of small and medium-sized businesses in Russia. We see ourselves as a bank that services more than 70 percent of a client’s earnings. Over the course of the next four years, we plan to become one of the ten leading banks in this segment. The Bank continually improves services to clients; we try to be our most transparent and attractive. We are able to draw on many years of experience and the best international practice to assist clients.”

The Rostov branch of Bank Electronika is located at Voroshilovskiy Prospekt 46/176, Rostov-on-Don, telephone +7 (863) 240-35-62. The office is open Monday through Friday from 9:30 to 17:00 and closed on weekends and holidays.