Annual Report 2010

Main Events of 2010

Recognition of market participants/strengthening of market positions

  • In 2010, Bank Vozrozhdenie was named Bank of the Year by The Banker magazine. This prestigious professional award is given to leading banks from 140 countries each year.
  • In the reporting period, ratings agency Standard & Poor’s changed the outlook on Bank Vozrozhdenie’s long-term counterparty credit rating to ‘positive’ from ‘stable’. The international-scale rating was affirmed at ‘B+’ and the local-scale rating at ‘ruA+’ with a ‘positive’ outlook. The bank’s short-term credit rating was affirmed at ‘B’.
  • Bank Vozrozhdenie was a prize-winner at the annual Customs Olympus 2010 in the category for best financial institution offering services in the customs field.
  • Bank Vozrozhdenie received an award at the third annual public awards Financial Pearls of Russia 2010 in the category of “Best Financial Services for the Population”.

Business development

  • Bank Vozrozhdenie recorded net income for 2010 of RUB581 million.
  • The loan portfolio increased by 22.1% to RUB104 billion.
  • Deposit volumes increased by 14.6% to RUB85.3 billion, while the share of retail deposits increased to 65.4%
  • In 2010, the Bank issued 250,000 new debit cards. In total, 1.4 million people have cards issued by the Bank. The number of Visa cards issued by the Bank reached 1.1 million.

IR contacts

Tel.:  +7 (495) 620 9071
Fax: +7 (495) 620 1953

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