OREANDA-NEWS. June 01, 2012. In Novosibirsk a business conference "New opportunities of the Bank of Moscow in its work with medium size business clients: credits and foreign trade financing" and a press conference devoted to the development of small and medium size business of the Bank of Moscow in the Siberian region took place at the Legislative Assembly.

Vladimir Voeikov, Member of the Board, Senior Vice-President of the Bank of Moscow, Irina Nikitenko, Vice-President of the Bank of Moscow, Svetlana Baranovskaya, Head of the Novosibirsk Branch of the Bank of Moscow, representatives of the Legislative Assembly of Novosibirsk Region, the Siberian Agreement Association of Medium Size Businesses of the Siberian region took part in the meeting.

With the incorporation of the Bank of Moscow in the VTB Group the key tasks of the Bank for 2012 are the introduction of the advanced practices of the VTB Group in the sphere of sales and a higher efficiency of the business processes. As Vladimir Voeikov noted in his speech, a 2.3 times growth of the credit portfolio is planned in the sphere of small and medium size business in 2012, and 1.5 time growth of invested funds. To solve these tasks s special emphasis will be laid on innovative high-tech products and services aimed at small and medium size business clients. Thus today the Bank of Moscow has significantly expanded the product line for managing businesses’ free funds and offers new credit products for small and medium size businesses.

According to Vladimir Voeikov, a new concept of development of the Bank of Moscow within the framework of the VTB Group proposes defining the regional units that will implement the new model of work with small and medium size businesses. The Novosibirsk Branch will become one of such units of the Bank.

It was not by chance that Novosibirsk was chosen as a venue to hold such a business conference – the region is one of the leaders in servicing medium size business entities in the Siberian Federal District. "In the SFD credit portfolio of the Bank of Moscow the share of the Novosibirsk Branch is 29%, in the resource portfolio – 33%", said Svetlana Baranovskaya, Head of the Branch. "Today the Branch is the leader of the Bank’s regional network in terms of volume of the small and medium size business credit portfolio, i.e. 1.9 billion RUR. The number of clients serviced at the Novosibirsk Branch is 6.4 thousand, i.e. the biggest for the whole network".

A special place in the business strategy of the Bank of Moscow is given to cooperation with the major electronic auction operator ОАО United Electronic Trading Facility. In the near future the Bank of Moscow plans to expand to provide a better opportunity to take part in electronic for small and medium size businesses and ensure financing of said businesses to perform under governmental contracts.

The Novosibirsk Branch was organised in January 1999. The Branch includes a head office, 2 backup offices and 7 mini-units in Novosibirsk Region in Berdsk and Iskitim as well as operational offices in Barnaul and Tomsk.