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Message to Shareholders, Clients and Partners
Dear Shareholders, Clients and Partners!
The previous year is yet more proof that the Bank is a reliable financial institution with spotless reputation , showing high financial-economic results, active in solving socially important programs.
In 2008 the Bank total balance increased by 27.4% , the Bank equity increased by 62.7% , the credit portfolio of legal entities and individuals grew by 23.3 %.
In 2008 :
- the JSC “Bank Ekaterinburg” put in operation 14 ATMs in different parts of the city and by this the number of ATMs totaled to 47 units;
- more than 115 master agreements for transfer of the employees’ salaries to the banking cards issued by the JSC “Bank Ekaterinburg” were concluded with the enterprises and companies of Ekaterinburg;
- the number of cards issued by the JSC “Bank Ekaterinburg” exceeded 113 thousand.
The Bank clients were permitted to use the latest banking technologies:
- the Internet-Bank system became available to more than 500 individuals
- the Internet Customer care system became available to more than 500 legal entities .
In 2008 the Bank further enhanced the system of detection, analysis and management of risks, emphasizing the risk prevention activities .
Owing to steady and professional operation the JSC “Bank Ekaterinburg” was given the “A” credit rating ( high credit status , III level) by the “National Rating Agency” . Analysis made by the rating agency “confirms a sustainable high level of business activities of the Bank , high quality of assets and high liquidity indices”.
In the rating of the regional banks ( Sverdlovsk oblast) the JSC “Bank Ekaterinburg” went up by two positions in terms of equity and ranked 12th , by 4 positions in terms of the balance profit (4thplace) and in terms of total assets the Bank retained its position (11th place).
The global financial crisis did not prevent the Bank, which succeeded in the competent risk management, conducting “risk-free” measured financial policy, from being a reliable, sustainable financial institution , activities of which are aimed at the most complete satisfaction of the clients demands , enhancement of the range of services and development of the clients’ base.
Positive and sustainable growth is what characterizes the Bank development at present.
Results of the Bank activities present the evidence of the steady and fail-safe position of the Bank at the financial market . The JSC “Bank Ekaterinburg” meets the stringent requirements demanded from the bank community , is further strengthening its positive image , using high professionalism of its employees, supported by business transparency and significant social efficiency of the executed projects.
We express our sincere gratitude to the clients and partners for their fruitful cooperation and to the Bank employees for their efforts.
We are sure that professional work of the specialists of the JSC “Bank Ekaterinburg” supported by the shareholders will result in further dynamic and sustainable development of the Bank.
Head of Ekaterinburg President of the JSC “Bank Ekaterinburg”
Chairman of the Board of Directors Member of the Board of Directors
A.M. Chernetsky M. M. Sitnikov