OREANDA-NEWS. July 21, 2008. The Krasnodar branch of Bank Electronika marked the first anniversary since its opening. During this short period, the Bank has proven itself to be a reliable partner for small and medium-sized businesses in the region. That success is visible in the branch’s financial indicators.

As of June 1, 2008, the currency balance of the Krasnodar branch of the Bank was 16.2 million rubles. The credit portfolio grew more than twofold over the year, reaching 49 million rubles on June 1, 2008.
Small and medium-sized businesses from Krasnodar Krai are the mainstay of this Bank Electronika branch. A large portion of them are commercial enterprises and organizations engaged in construction. Small and medium-sized businesses highly regard the directness and accessibility of the products and services offered by the Bank. In particular, their conduct requires minimum time, and time is a valued commodity for business. The Bank offers its clients a broad range of services adapted to the needs of enterprises in the B2C (business-to-customer) sector.
In the future, Bank Electronika plans to finance large projects in Krasnodar Krai. Discussions are already underway for the Bank’s participation in long-term investment projects in the region in the areas of construction and international finance.
One goal that the Krasnodar branch is working toward is to increase its deposit portfolio. As a result of the resources it has attracted from small and medium-sized business, the share of legal entities in the liability base of the branch has grown from five percent to forty-nine percent (data as of June 1, 2008) over the past nine months.
The successful work of the Krasnodar branch has shown the extent of growth opportunity in banking services in Krasnodar Krai. Bank Electronika will open retail personal services offices in Krasnodar and Novorossiysk soon. With their opening, the Bank will have created the most convenient conditions for serving retail and corporate clients.  
Elena Vasilyeva, Director of the Directorate for Small and Medium-Sized Businesses at Bank Electronika, noted: “Krasnodar Krai is quite a significant region with a large number of industrial, trade, construction, and service businesses. By offering our clients a line of high-quality banking products, the Bank is striving to create the most comfortable conditions for development of small and medium-sized businesses in Russia. Thanks to the energies of the Bank’s Krasnodar branch, we are reaching that goal in the region. Today we are planning several long-term investment projects.”

The Krasnodar branch of Bank Electronika is located at Ulitsa Seleznyova 76, Karasunskiy Okrug, Krasnodar, telephone: +7(861) 233-40-09, 233-40-60, 233-80-90.