JSB ORGRESBANK opened a branch in Arkhangelsk


JSB ORGRESBANK opened a branch in Arkhangelsk

A new branch of JSB ORGRESBANK has started operating in Arkhangelsk. The branch will provide the full range of bank products and services to corporate and retail clients.

In this new regional unit of the Bank corporate clients are offered various types of credit programmes, settlement and cash services, financing of international contracts, depositary and other types of financial products.

Retail clients have an opportunity to receive mortgage, automobile and consumer loans, to get a debit card, to have an account opened, to exchange currency, etc.

The branch is located at Voskresenskaya str., 17. Its working hours are from 9.00 a.m. until 6.00 p.m.

Opening of the Arkhangelsk branch is in line with the development strategy of ORGRESBANK for 2008 – 2011, which focuses among other areas on the considerable extension of the branch network. Currently the regional network of the Bank consists of 11 branches which, apart from Arkhangelsk, are located in Saint Petersburg, Samara, Penza, Saratov, Novosibirsk, Chelyabinsk, Ekaterinburg, Rostov-on-Don, Volgograd, Stary Oskol and three operational offices in Lipetsk, Yaroslavl and Voronezh. In general, the office network of the Bank consists of 52 branches in Moscow and regions of Russia.

ORGRESBANK’s focus areas in regions are services to large and medium-sized enterprises, as well as to private individuals, loans to local authorities and municipal governments.

As of 2007, the regional credit portfolio of the Bank grew almost seven-fold. Its share in the total credit portfolio doubled reaching almost 18%. As of the first quarter of 2008, the total regional credit portfolio increased by 37%, with the retail credit portfolio’ having grown by 32% and corporate credit portfolio – by 38%.

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