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Petersburg BALTINVESTBANK decided to take a relatively niche-free credit of small and medium businesses. According to Bank's management, by 2011 the bank will go down in the ten largest financial institutions operating in this market. To do this, by the end of next year, the bank intends to open two new branches and 20 offices in 23 Russian regions, and in 2009 to expand the office network of a further eight branches .

JSC «BALTINVESTBANK» (formerly Baltoneksim Bank) reported on 13 December 1994, general license CMAO number 3176, dated 15 December 1994. Principal shareholders: OJSC «Samara Bearing Plant» - 25,25%, JSC « ES-PI Securities» - 13,9%, OOO «radio SPB» - 12,9%, Seolfor Management Limited - 11,2%, OOO «ST» - 11,1%. The bank has branches in Moscow, Vyborg, Archangelsk and Samara. Assets at September 1 - 16.7 billion rubles.

Yesterday BALTINVESTBANK announced a new development strategy until 2011, which aims to enter into top-10 Russia banks, credit small and medium business (SMB). Its main objective will be regional expansion and a new program for lending to small and medium-sized businesses. As the chairman of RBC daily BALTINVESTBANK Igor Kirillov, in the regions of the bank will offer «the competitiveness of credit products». «Our rates are comparable with the average market dempingovat on them, we will not», - he said.

fund projects planned by the funds raised in the Russian and international markets. In particular, with the aim of registered bonds of 1 billion rubles., Accommodation which has been delayed due to the unstable situation in the stock market.

According to the Association of Russian banks, many regional banks lending to small businesses accounted for between 40 to 90% of the loan portfolio. A SME lending market last year grew more than twice. «Small business - this segment, which is only beginning to develop, and the banks that have such programs, have all chances to become major players», - considers Natalia Gerashchenko, project manager consulting company Roland Berger, who participated in developing a new strategy BALTINVESTBANK. «Return to the small business lending market exceeds the yield on the market of large corporate clients. Both the small business sector is growing, which makes it attractive to lending institutions. So soon you can expect the arrival of foreign players, as well as regional banks, which include BALTINVESTBANK », - noted the Chief of Public Relations Bank« Uralsib »Tit Korshikov.

«According to various estimates, the bank loans in the market of small and medium businesses now meet the demand only by 20-25%. But competition in this segment is growing, and banks have the advantage of having a large number of points, personnel and technology sales. An important success factor is also a relatively «cheap» finance », - said Head of the Marketing Department on work with small business Rosbank Igor Korolchenko.

According Mr. Kirillova in the development of the network next year, the bank will invest approximately $ 4 million, based on the average cost of office of 100-150 thousand U.S., affiliate - 300-350 thousand U.S. In order to increase lending to affiliates will receive significant credit limits. By the end of 2008, the portfolio of bank loans to small and medium enterprises should increase from the current 500 million to 2 billion rubles.

BALTINVESTBANK not only St. Petersburg player, eager to regions. Bank VEFK in 2007 opened offices in seven cities. «The Corporation is actively forming a wide branch network, which should cover the European part of Russia, the Urals, part of West Siberia», - said the deputy head of Public Relations VEFK Sergei Vasiliev. Baltic Bank, already has 31 branches in the city until the end of the year plans to open dopofisy in Krasnoyarsk, Tomsk, Sosnovy Bor, Krasnodar, Vladivostok, Smolensk, told RBC daily in the bank.

Source: RBC daily