OREANDA-NEWS. On May 12, 2008, Bank Electronika opened a new office in Korolyov, Moscow Oblast. The office, KOROLYOVSKIY, specializes in rendering services to small and medium-sized businesses and works under the sub-brand Electronika B2B (Bank for Business):

Business clients may take advantage of the following services:
Opening and maintenance of bank accounts denominated in Russian rubles and foreign currency
Realization of bank-to-bank payments per instructions from the client
Placement of monetary resources in time deposits
Extension of credit
Purchase and sale of foreign currency in cashless form
Cashier services
Encashment

The new office is located at Oktyabrskiy Bulvar 14, Korolyov, Moscow Oblast 141077.

Elena Vasilyeva, member of the Management Board of Bank Electronika and Director of Directorate for Small and Business, noted: “The office in Korolyov is the Bank’s seventeenth office working under the B2B sub-brand and our second facility in Moscow Oblast. By the end of 2010, we expect to have a network of 50 B2B offices in six federal districts of Russia. They will be in large cities where populations exceed 400,000 individuals. We plan to open three more offices in Greater Moscow during 2008: in Mytischi, Khimki, and Odintsovo. The Bank is working actively with small and medium-sized businesses; their number is growing, and today we have nearly 7,000 clients in this segment.

“The work of the Bank in the corporate area is oriented foremost toward enterprises in the B2C (Business to Customer) sector, that is, companies that produce and sell products to the final consumer or render services to the general populace. The services offered by the Bank are designed to meet sufficiently high demands from clients: They may chose credit products based on the particular features of their businesses and their financial capabilities. The maximum credit we extend to small and medium-sized businesses is 25 million rubles for a 24-month term. We understand that the speed with which decisions are made on credit extension is important to small and medium-sized businesses, as are the straight-forwardness of procedures and a differentiated approach to company-borrowers. In order to meet those criteria, we have organized our credit application procedures precisely and have been able to reduce the period for granting credit to one that does not exceed three working days. We are confident that small and medium-sized businesses in Korolyov – among them scientific and research enterprises – will find the services we offer attractive.”

The office is open to serve business clients Monday through Friday from 9:00 to 18:00 and closed on weekends and legal holidays.