KEDR Open Joint Stock Company Commercial Bank

Kedr Bank was established in 1991 in Siberia with participation of several strategic enterprises of the Krasnoyarsk Territory. As of today, Kedr Bank is in the center of the region's business and financial life. A significant part of its business is concentrated in the Krasnoyarsk Territory and the Republic of Khakassia. Since 2002 the Bank has developed its regional network in order to provide effective services to the existing clients and to attract new ones. The Bank's branch network consists of 120 branches and over 200 ATMs in 9 regions of Russia and in the European Union. The Bank's new development strategy up to 2017 includes consolidation of positions at the international level, as well as opening of new foreign branches and representative offices. In 2007 the Bank became a full participant of the financial market of European Economic Union after opening a branch in Greece. The Greek Branch's activity contributes to consolidation of foreign economic relations and to development of common interests of Russian and Greek citizens. At present Kedr Bank is integrated into the banking system of European Union, its guarantees are accepted throughout the territory of Europe. Kedr CJSC CB has become a significant part of both Russian and European banking systems. Its successful development is confirmed not only by high rates of growth of financial indicators, but also by leading positions in banking ratings and by prestigious awards given to the Bank's chief executives. On the ground of financial indicators Kedr Bank is included into Top 150 Russian banks. The Bank's financial reliability is confirmed by credit ratings assigned by Moody's, the leading international rating agency (B2 on the international scale, Baa1 on the national scale). Kedr Bank is one of the largest banks (by total balance) in the Krasnoyarsk Terrirory.