Transcript www.aservice.udmnet.ru

«Coming together is a beginning;
Keeping together is progress;
Working together is success!»
Henry Ford
JSCB «Izhcombank» (JSC) was established on October 30, 1990 on the base
of Udmurt Republic Zhilsocbank authority of USSR.
In the head of the bank is a team of professional managers some of them
have got education in finance at Securities Institute (London, UK), University of
Brighton (Brighton, UK) and Securities Institute (New-York, USA) and are
experienced in financial market from 1994.
The major number of staff is more than 5 years experienced in bank sphere.
Staff average age is 37,5.
Accurate and competent management ensures working concurrence at all
levels of bank service. It builds up a reputation of leading credit institution in
Udmurt Republic.
BANK MISSION
To provide full complex of high quality service for customers with any form of
ownership and field of action.
To remain the leading credit institution in Udmurt Republic and to enter the
Russia wide bank market.
Our bank has got the modern technologies which allow our customers use
Bank as high precision financial instrument efficiently and with maximum
profit.
NET WORK OF BRANCH BANKS
AND OUTLETS

There are 1 main office and 5 outlets in
various districts of Izhevsk, Udmurt
Republic

6 outlets in towns of Udmurt Republic

1 outlet in Perm region

1 branch bank in Moscow
Outlet «Glazovskoye» Glazov,
Udmurt Republic
DYNAMICS OF ACTIVE GROWTH
The Bank constantly increases owner capital and aspires to get
maximum profit.
325000
300000
275000
thousand rubles
250000
225000
200000
175000
150000
125000
100000
75000
50000
Owner capital
Banks profit
25000
0
2002
2003
2004
2005
2006
01.10.
2007
The Bank holds conservative policy of management.
The revenue structure for the 9 months distributes as follows:
2,40%
23,28%
Monetary transactions
Credits
Securities trading
Settlement and cash
services
Other incomes *
*
55,24%
16,28%
2,80%
* others (restitution of funds from
reserve account, commission,
received under issued guarantee,
factoring transaction incomes, trust
management incomes).
TOTAL BALANCE
In 2003 the owner and managing team of the Bank was changed as the result
bank activities grew, capitalization and total balance increased:
3000000
Systematic routing complex checks by
Central Bank of Russian Federation
shows that Federal law No.115- ФЗ
«About combating money laundering
and financing of terrorism» is fulfilled
without any claims.
2750000
thousand rubles.
2500000
2250000
2000000
1750000
1500000
1250000
1000000
750000
500000
250000
0
2001
2002
2003
2004
2005
2006
01.10.2007
Constant growth of credit portfolio and wide range of loan products show banks
activity and its dynamic development.
The main source of loan funds is household deposits.
2500000
In 2004 the first among banks
of Udmurt Republic the Bank
was included in register
obligatory insurance scheme
of deposits.
2250000
thousand rubles
2000000
1750000
1500000
Positive growth of natural
person’s deposits reflects the
level of peoples trust.
1250000
1000000
750000
500000
250000
Credit portfolio
Household deposits
0
2002
2003
2004
2005
2006
01.10.
2007
BANK SERVICES
Bank is a universal credit institute; it provides wide range of services both to natural and legal
persons:

Settlement and cash service both in rubles and foreign currency;

Full complex of credit activities both for natural and legal persons;

Work with letters of credit;

Factoring transactions;

Issuing of proper region (Izhcard) and international credit cards (Master Card);

Operations on securities market;

Trust managing of monetary funds;

Cash remittance via Western Union and Unistrim systems;

Household deposits;

Internet – Banking;

Bank guarantees providing;
RATES
Rating agency AK&M conferred JSC «Izhcombank»
scale: «В++» with the stable outlook. (May 2007)
the credit rate according to the national
According to the date of information portal «RBK Raiting»





35 position among the biggest banks of Russia in the volume of outstanding credits for small and
medium business in the 1st half of 2007 year.
196 position in the TOP 500 of profitable banks (Russia) in the 1st half of 2007 year.
64 position among the banks of Russia in the volume of credit cards in circulation and 51st
position in the volume of issued cards in the 1st half of 2007 year.
33 position in the list of «The most Mortgage banks of Russia in 2006» with the number of given
credits 1 530 in 2006 and percentage changing 514,92 %. in comparison with 2005.
3 position in the competition «The best Mortgage program 2006» («Informipoteka» Agency,
December 2006).
REWARDS



Annual bonuses «Banking Industry» in the sphere of banking business in
the «Best Regional Bank» category:
according to the results of 2004 – diploma
according to the results of 2005 – silver award
according to the results of 2006 – golden award
II position in the VI Interbank banking legislation Internet –
Championship (2006)
Winning of the competition of salary project (the transference
process of out- of- pocket cost for salary and bonuses (and others social
payments and pension benefits) by credit cards) on the involving of
credit organizations for making the operations with the Izhevsk city
budgeting funds. (The competition was organized by Financial
Management of Izhevsk city organization in 2006).
MEMBERSHIP
Non-profit organization «Region Banks of Russia Association (Association «Russia»)
 Non-profit organization «Socioeconomic Association «Business Udmurtia» (Association
«Business Udmurtia»)
 CJSC «St. Petersburg Currency Bourse» (CJSC SPCB)
 Regional payment system «Izhcard»
 Regional payment system «Citycard»
 International payment system «MasterCard International»

Partnership
 OJSC «Mortgage housing lending Agentcy»
 OJSC «ATTA Mortgage»
 Kit-Finance Investment Bank (OJSC)
 Managing company «Region-Development»
Bank is the only credit organization on the territory of Udmurt Republic, which has got the status of
service agent of the Mortgage lending federal program.
Using the wide-spread outlet net, Izhcombank accepts the payments by credit liabilities in favour
of correspondent banks.
 CJSC «Bank Russkiy Standart»
 Limited liability company «HKF Bank»
 Limited liability company «Rusfinans-Bank»
PLANS AND OUTLOOKS
The most important Bank’s goals are:
Bank’s owner capital increasing at least up to 450 000 000 rubles
Getting the profit in 2008 more then 100 000 000 rubles
Systematic risk management
Corporate management perfection
Plans for the 2008 year
Selling System Development and Perfection
One of the Bank’s priorities is the development and
perfection of the selling system, which includes function
departments organization, consultant institute introduction,
points of sale expansion.
Bank department opening in the 10 mostly important
administrative centers of Udmurt Republic.
This new departments will be responsible for pension and
social relief payments, effective of payment, credit
activities.
PLANS AND OUTLOOKS
Entry in «VISA»
JSCB «Izhcombank» (OJSC) is going to enter the International Payment System VISA. This
fact will open new facilities to our clients - physical persons, production units and trade
organizations. And the Bank itself will have the opportunity to develop multisystem
acquiring of the international cards as the individual project.
Investment Direction of the Bank Activity
Asset Management, brokerage services, corporate finance
Bank’s Asset Securitization
The Bank is considering the possibility of business refinancing by the placement of
secured debentures
Effective Cooperation with the Consumer
Effective cooperation with the customer is one of the key factors of the Bank activity
success. That is why we are paying a lot of attention to the staff training, client
subdivisions and sales subdivisions development.
AUDITOR‘S CONCLUSION
Audit Company CJSC «Ekaterinbyrgskiy Audit – Centr» has been performing the audit of
Izhcombank since 2003 year.
This Audit Company has been one of the 10th first - rate companies in Russia for the last 5 years
(According to the magazine «Expert» data).
CJSC «Ekaterinbyrgskiy Audit – Centr» specialists have completed the training courses in the
international training centers of the following companies:
 Price Waterhouse Coopers
 Deloitte & Touche
 Ernst & Young
Several specialists have the international diplomas of ACCA (The Association of Chartered
Certified Accountants) and IFRS (International Financial Reporting Standards).
According to the audit company the Bank’s finance accounting is reliable represents, in all aspects,
the financial position and the results of financial and economic activity in compliance with the
Russia statutory requirement in the sphere of making the finance accounting.
BANK’S VISITING CARD
Firm-name:
JOINT STOCK BANK «IZHCOMBANK» (open joint stock company)
Abbreviation:
JSCB_«IZHCOMBANK» (OJSC)
Essential Elements:
cor. account 30101810900000000871 in State Financial Settlements Center of Udmurt Republic
National Bank
TIN 1835047032, KPP 183501001
BRBIC 049401871
RNNBO 09269011, SIC 96120
PSRN 1021800000090 31.07.2002
Headquarters address (correspondence address):
Lenina str. 30, Udmurt Republic, 426076, Russia
Tel: (3412) 919-100
Fax: (3412) 51-09-66
Telex: 612923 - IJKOM.RU
Website: www.izhcombank.ru
Central Bank of Russia License N 646 dd 05.10.2005