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History of international operations

2014

    April

    • CREDIT BANK OF MOSCOW re-elected the Bank's Supervisory Board with the addition of three new members: Thomas Grasse, Bernard Sucher and Brendan Walsh. Following the election, CREDIT BANK OF MOSCOW’s Supervisory Board consists of 12 members: William Owens, Andrew Gazitua, Richard Glasspool, Nicholas Haag, Roman Avdeev, Alexander Nikolashin, Vladimir Chubar, Anton Avdeev, Mikhail Kuznetsov, Thomas Grasse, Bernard Sucher and Brendan Walsh.

    March

    • CREDIT BANK OF MOSCOW has become the first Russian financial institution to sign a syndicated loan agreement in 2014, putting in place a facility for up to USD 500 million with a group of 17 high-quality lenders from 11 countries across Europe, North America and Asia. The facility was oversubscribed, and is the largest in CBM's history, which includes 12 previously closed syndicated loan transactions over more than 10 years. CBM intends to use the facility for trade-related purposes. The facility has tenors of 364 days and 18 months, and carries interest rates of LIBOR/EURIBOR + 1.75% p.a. (364-day tenor) and LIBOR/EURIBOR + 1.95% p.a. (18-month tenor).
    • CREDIT BANK OF MOSCOW's USD 500 mln subordinated Tier II Eurobond issue due 2018 has been named best financial institution bond at the EMEA Finance Achievement Awards 2013.

    February

    • CREDIT BANK OF MOSCOW's USD 500 mln subordinated Tier II Eurobond issue due 2018 was awarded highly commended CEE deal of the year 2013 by Euromoney magazine.

    January

    • Global Banking & Finance Review, one of the leading financial portals, recognized CREDIT BANK OF MOSCOW as the best Eurobond issuer and the best borrower on the Russian syndicated loan market in 2013.
    • One of the leading international rating agencies Standard & Poor's included CREDIT BANK OF MOSCOW in the list of top thirteen systemically important banks, as it is evidenced in the report of the agency. According to the rating agency analysts' estimates, based on the internal methodology, only a few private Russian banks can be regarded as systemically important financial institutions, as a result of a highly fragmented banking system.

2013

    November

    • CREDIT BANK OF MOSCOW repaid in full a USD 308 mln trade-related syndicated loan facility. The proceeds were applied to finance trade-related operations of the Bank's customers.
    • Fitch Ratings upgraded CREDIT BANK OF MOSCOW's Long-term Issuer Default Rating from 'BB-' to 'BB', Viability Rating from 'bb-' to 'bb', National Long-Term Rating from 'A+(rus)' to 'AA-(rus)', Senior unsecured debt from 'BB-' to 'BB' and Subordinated debt from 'B+' to 'BB-'. Other Bank's ratings are affirmed: Short-term IDR at 'B' and Support Rating at '5'. The ratings outlook is stable.

    October

    • Standard & Poor's Ratings Services, one of the world's leading rating agencies, has upgraded Credit Bank of Moscow's long-term credit rating to BB- with stable outlook. CBM's short-term credit rating on the global scale remained unchanged at B, while the Bank's long-term credit rating on the Russian national scale has been upgraded to RuAA-.

    July

    • CREDIT BANK OF MOSCOW became number 566 in The Banker Top 1000 World Banks 2013 ranking, which is 158 spots higher compared to the last year results. Banks are ranked by the magazine based on tier I capital calculated under the Basel Accords.

    June

    • Mikhail Kuznetsov became a member of CREDIT BANK OF MOSCOW's Supervisory Board by resolution of the annual General Shareholders' Meeting. In this capacity, Mr. Kuznetsov will represent two of the Bank's shareholders: International Finance Corporation (IFC) and RBOF Holding Company I, Ltd. (100% owned by IFC Russian Bank Capitalization Fund belonging to the same group of companies as IFC).

    May

    • Moody's Interfax upgraded CREDIT BANK OF MOSCOW's national scale rating from "A2.ru" to "A1.ru". At the same time, Moody's Investors Service affirmed the Bank's international scale ratings: financial strength rating (FSR) "E+" and local and foreign currency deposit rating "B1/NP" with stable outlook.
    • In May 2013 the Bank received the final decision from the Central Bank of the Russian Federation approving the USD 500 million 8.7% Loan Participation Notes due 13 November 2018 issued in May 2013 by CBOM Finance p.l.c. as a subordinated loan eligible for inclusion into the Bank's Tier 2 capital both under the existing and new regulations to the extent permitted.

    April

    • Mr. Sandy Vaci, Chairman of the Supervisory Board of the Bank, announced his resignation from the post effective April 16, 2013, while retaining his membership on the Supervisory Board. Bill Owens, member of the Supervisory Board of the Bank, accepted nomination as Chairman of the Supervisory Board to take over from Sandy Vaci.

    March

    • Standard and Poor's Ratings Services revised its outlook on CREDIT BANK OF MOSCOW from Stable to Positive. The Bank's 'B+/B' long and short-term counterparty credit ratings and the 'ruA+' Russia national scale rating were affirmed.

    February

    • CREDIT BANK OF MOSCOW successfully placed its 5-year Eurobonds for a total amount of USD 500 mln with an interest rate of 7.7% p.a. The offering was preceded by a series of meetings with institutional investors in Hong Kong, Singapore, Zurich, Geneva, London, Boston and New York. Barclays Bank PLC, Merrill Lynch International, Raiffeisen Bank International AG and The Royal Bank of Scotland plc acted as joint lead managers and bookrunners. The Notes were issued pursuant to Rule 144A and Regulation S.
2012

    December

    • International Finance Corporation (IFC) that owned 7.5% of CREDIT BANK OF MOSCOW ordinary shares handed over 583.8 million shares (4.6%) to IFC Russian Bank Capitalization Fund, LP by transferring them to the Cyprus based holding company RBOF (RBOF Holding Company I Ltd.) controlled by IFC Russian Bank Capitalization Fund, LP.

    November

    • CREDIT BANK OF MOSCOW held an extraordinary general shareholders' meeting. It re-elected the Bank's Supervisory Board with addition of two new members, Vadim Sorokin (delegated by EBRD) and William Owens.
    • CREDIT BANK OF MOSCOW signed a USD 308 mln syndicated loan, its twelfth loan and the largest transaction in CBM's history. The 1-year syndicated loan will pay 240 bp (2.40%) over 6-month LIBOR and its proceeds will be applied to finance trade-related operations of the Bank's customers. The lead arrangers were Banc of America Securities Limited, Barclays Bank PLC, Commerzbank Aktiengesellschaft, ING Bank N.V., Landesbank Berlin AG, Raiffeisen Bank International AG, Standard Chartered Bank, VTB Bank (Deutschland) AG, and Russia-based Gazprombank (Open Joint-stock Company) and Joint Stock Commercial Bank "ROSBANK" (Open joint-stock company).

    October

    • CREDIT BANK OF MOSCOW was awarded by IFC as one of the best issuing banks in Eastern Europe in 2011 under Global Trade Finance Program (GTFP).

    July

    • EBRD and IFC, CREDIT BANK OF MOSCOW and its shareholder signed the agreements on purchase of 15% of the Bank's shares by EBRD and IFC. In August 2012 additional issue of shares of the Bank in favour of EBRD and IFC completed.

    June

    • Fitch Ratings upgraded CREDIT BANK OF MOSCOW's Long-term Issuer Default Rating from 'B+' to 'BB-', Viability Rating from 'b+' to 'bb-', National Long-Term Rating from 'A-(rus)' to 'A+(rus)' and Senior unsecured debt from 'B+' to 'BB-'. Other Bank's ratings are affirmed: Short-term IDR at 'B' and Support Rating at '5'. The ratings outlook is stable.

    May

    • CREDIT BANK OF MOSCOW was awarded by the European Bank for Reconstruction and Development (EBRD) as the "Most Active Issuing Bank in Russia in short-term trade finance" under the EBRD's Trade Facilitation Program (TFP) in 2011. The awarding ceremony was held in London on the 17th of May 2012 during the Annual Meeting of EBRD Board of Governors.

    April

    • Andrew Sergio Gazitua joined the Bank's Supervisory Board and Nicholas Haag was appointed as Independent Advisor to the Chairman of the Management Board. Their mission is to make the Bank more visible in the international capital markets, to define and provide direction for key activities of the Bank in the international financial markets, and to promote strategic goals in this sphere.

    January

    • Standard and Poor's assigned 'B+' long-term and 'B' short-term counterparty credit and 'ruA+' Russia national scale ratings to CREDIT BANK OF MOSCOW. The outlook is stable. Among factors that positively influenced assessment of the Bank the agency indicated its well-established position in Moscow and Moscow region, shareholder's support, better-than-average asset quality measures, fairly low level of nonperforming loans, below-average sector concentration, adequate liquidity and healthy earning structure.
    • CREDIT BANK OF MOSCOW fully repaid a USD10mln 5-year facility granted for financing of Small and Medium-sized Enterprises (SMEs) by European Bank for Reconstruction and Development. This 5-year loan was the Bank's first long-term financing provided by EBRD. It allowed CREDIT BANK OF MOSCOW to further expand SME financing, thus strengthening the Bank's position in this market segment.

2011

    November

    • CREDIT BANK OF MOSCOW signed a USD 131mln A/B structured syndicated loan agreement with the International Finance Corporation as arranger. The USD 40mln A Loan was granted by IFC for 5 years in September 2010 for the purpose of financing energy efficient and agricultural projects in Russia. The B Loan was provided by thirteen foreign commercial banks with Raiffeisen Bank International AG acting as the coordination agent and Amsterdam Trade Bank N.V., Commerzbank AG, ING, Landesbank Baden-Württemberg, Landesbank Berlin AG, Société Générale SA and VTB Bank (Deutschland) AG acting as Mandated Lead Arrangers and Bookrunners. The B Loan has a tenor of 1 year and pays 255 b.p. (2.55%) over 6-month LIBOR. The proceeds of the B Loan will be used to finance trade.

    August

    • Black Sea Trade and Development Bank granted a USD 30mln 6-year credit line to CBM to support its SME lending programmes.
    • European Bank for Reconstruction and Development increased the credit limit for CBM under its Trade Facilitation Program (TFP) by USD33mio up to USD100mio.

    July

    • CREDIT BANK OF MOSCOW successfully placed its 3-year Eurobonds with a fixed coupon rate of 8.25% p.a. at par. The issue was preceded by a road show in Vienna, Amsterdam, Zurich, London and Riga. Raiffeisen Bank International AG acted as sole lead manager.

    June

    • Fitch Ratings affirmed ratings of CREDIT BANK OF MOSCOW as follows: Long-term Issuer Default Rating (IDR) — at 'B+', Short-term IDR — at 'B', Individual Rating — at 'D', Support Rating — at '5' and National Long-term Rating — at 'A- (rus)'. Outlook was affirmed as 'Stable'.

    May

    • CREDIT BANK OF MOSCOW was recognized by the International Finance Corporation as the "Most Active Issuing Bank in Eastern Europe" under IFC's Global Trade Finance Program (GTFP) in 2010. During 2010 the Bank participated in more than 50 GTFP-supported transactions for USD140mln in value. This was the third year in a row that IFC has recognized CREDIT BANK OF MOSCOW for its outstanding activity in the GTFP program.
    • CREDIT BANK OF MOSCOW was recognized by the European Bank for Reconstruction and Development as the "Most Active Issuing Bank in Russia in short-term trade finance" under the EBRD's Trade Facilitation Program (TFP) in 2010. That year CBM facilitated 259 trade deals for the total amount of USD408mln including those financed under international trade finance programmes.

2010

    October

    • CREDIT BANK OF MOSCOW equity was increased by RUB 602.5mln by way of a 7-year subordinated loan from Black Sea Trade and Development Bank. This loan will shore up the Bank's equity and secure a high level of capital adequacy for its further development. Upon inclusion of the subordinated loan in its additional capital, CREDIT BANK OF MOSCOW's equity rose by 3.7% compared to 01 October 2010 and exceeded RUB 16.3bln.
    • International Finance Corporation, a member of the World Bank Group, increased the credit limit for CREDIT BANK OF MOSCOW under its Global Trade Finance Program (GTFP) by USD40mln.
    • CREDIT BANK OF MOSCOW closed a USD 170mln A/B syndicated loan. The Lead Arranger was IFC. The bookrunners of the B Loan were Commerzbank, ING, RZB and VTB Bank (Deutschland). The Initial Mandated Lead Arrangers were First Bank of Nigeria (UK) and Amsterdam Trade Bank N.V. The USD 40mln A Loan was granted by IFC for 5 years. The proceeds of the A Loan were used to finance energy-efficient and agricultural projects in Russia. The USD 130mln B Loan was provided by 16 foreign commercial banks. The loan has a tenor of 1 year and pays 325 b.p. (3.25%) over 6-month LIBOR. The all-in pricing of the transaction was 520 b.p. (5.20%) over 6 month LIBOR.

    September

    • European Bank for Reconstruction and Development increased the credit limit for CREDIT BANK OF MOSCOW under its Trade Facilitation Program (TFP) by USD22mln to USD67mln.
    • CREDIT BANK OF MOSCOW raised a USD20 million 7-year subordinated loan from Black Sea Trade and Development Bank (BSTDB). The proceeds are accounted for as capital for regulatory purposes.
    • Moody's Investors Service upgraded ratings outlook of CREDIT BANK OF MOSCOW to Stable. The Bank's ratings were affirmed as follows: long-term global local and foreign currency deposit rating at B1, financial strength rating at E+ and long-term national scale credit rating at A2.ru.

    June

    • Fitch Ratings upgraded the Long-term Issuer Default Rating (IDR) of CREDIT BANK OF MOSCOW to 'B' from 'B' and National Long-term rating to 'A-(rus)' from 'BBB-(rus)'. The Bank's ratings have been removed from Rating Watch Evolving (RWE), and a Stable Outlook has been assigned. Other ratings were affirmed at the same level, i.e. Short-term IDR affirmed at 'B' and Individual Rating affirmed at 'D'.

    May

    • European Bank for Reconstruction and Development and CREDIT BANK OF MOSCOW signed loan agreement under which EBRD is lending CREDIT BANK OF MOSCOW USD 20mln to finance small and medium businesses for a period of five years. This is the third credit line granted by EBRD for these purposes. In the aggregate CREDIT BANK OF MOSCOW has raised USD 65mln from international financial institutions for the purposes of small and medium businesses financing.
    • CREDIT BANK OF MOSCOW was recognized by the International Finance Corporation (IFC) as the "Most Active Issuing Bank in Europe and Central Asia" in IFC's Global Trade Finance Program (GTFP) in 2009. CREDIT BANK OF MOSCOW participated in nearly 60 GTFP-supported transactions for more than USD 90 million in value. This was the second year in a row that IFC has recognized CREDIT BANK OF MOSCOW for its outstanding activity in the GTFP program.

2009

    December

    • International Finance Corporation increased the credit limit for CREDIT BANK OF MOSCOW under its Global Trade Finance Program (GTFP) by USD40mln bringing the overall limit to USD100mln.
    • European Bank for Reconstruction and Development increased CREDIT BANK OF MOSCOW's TFP credit limit by USD20mln to USD45mln.

    October

    • CREDIT BANK OF MOSCOW and Black Sea Trade and Development Bank signed an agreement transforming the SME credit line opened in February 2008. Under the new terms, BSTDB's credit line can be utilized for the purposes of both SME financing and any other types of lending. The restated agreement extends the grace period by three years and the final maturity date by two years. Furthermore, the new transformed credit line is non-collateralized.

2008

    August

    • A US $100 mln A/B structured syndicated loan facility agreement was signed for CREDIT BANK OF MOSCOW in London (UK). A USD40.5mln tranche was granted for the period of 1 year. B1 tranche in the amount of USD29.5mln and А tranche in the amount of USD30mln shall be repaid in 2010 and 2011 respectively.

    May

    • In the course of the annual Business Forum of the European Bank for Reconstruction and Development in Kiev, CREDIT BANK OF MOSCOW and EBRD signed a rouble-denominated revolving credit agreement under the EBRD's Trade Facilitation Program (TFP). This agreement makes it possible to finance foreign trade transactions where CBM's customers purchase imported goods from Russian suppliers and distributors of foreign manufacturers (direct import).

    March

    • International Finance Corporation increased the credit limit for CREDIT BANK OF MOSCOW under its Global Trade Finance Program (GTFP) up to USD 40 million.

    February

    • Black Sea Trade and Development Bank and CREDIT BANK OF MOSCOW signed a 6-year USD 20 million Loan Agreement for the purposes of financing small and medium-sized enterprises (SMEs).

2007

    August

    • CREDIT BANK OF MOSCOW signed an 18-month extendible USD30 mln Car Loans Receivables Backed Syndicated Term Loan Facility.

    May

    • A 1-year extendible USD80 mln syndicated term loan facility for CBM was signed in Vienna (Austria).

2006

    October

    • CREDIT BANK OF MOSCOW placed its debut USD100mln 3-year Eurobond issue.

    February

    • CREDIT BANK OF MOSCOW was the first bank in Russia to join International Finance Corporation's Global Trade Finance Program whereby it received an uncommitted trade finance line of up to $10 million.

2005

    September

    • A USD 40 mln 1-year syndicated loan agreement for CREDIT BANK OF MOSCOW was signed in Frankfurt am Main (Germany). Banks from Western and Eastern Europe, Baltic region, America, Central Asia and Russia have taken part in the syndicate. The proceeds were applied to finance CBM clients' foreign trade operations.

    July

    • International Finance Corporation and CREDIT BANK OF MOSCOW signed an agreement for a $5 million mortgage credit line in favour of CBM.

    June

    • European Bank for Reconstruction and Development has granted to CREDIT BANK OF MOSCOW a 5-year senior loan of USD10 million for on-lending to local private sector Small and Medium-sized Enterprises (SMEs).

    May

    • The European Bank for Reconstruction and Development and CREDIT BANK OF signed an agreement whereby the Bank joined the Trade Facilitation Program (TFP) which supports documentary operations in order to promote international commerce. Under this programme, CREDIT BANK OF MOSCOW finances foreign trade deals under EBRD's cover, which allows CBM to extend its range of partners and its geographical reach through the banks participating in this program.

    April

    • Fitch Ratings, the international rating agency, has today upgraded CREDIT BANK OF MOSCOW's National Long-term rating to 'BB+(rus)' from 'BB(rus)'. The Outlook for the National rating remains Stable.
    • The Bank entered into an unlimited loan agreement with DONAU-BANK AG (Austria) whereby the Austrian bank provides a documentary credit facility for short-term financing of imports of goods and services by CBM customers.

    January

    • CREDIT BANK OF MOSCOW raised funds from foreign financial institutions in the amount of USD 10 mln by means of a club deal. The transaction was co-ordinated by Commerzbank Aktiengesellschaft, Frankfurt am Main, which also covered the facility agency and documentation agency role. Other participants were: Wachovia Bank, N. A. (USA), Nova Ljubljanska Banka D.D. (Slovenia), Bankgesellschaft Berlin AG and AKA Ausfuhrkredit-Gesellschaft mbH (Germany).

2004

    • The International Finance Corporation signed an agreement to provide a USD 10 mln loan for on-lending to small and medium enterprises.
    • CREDIT BANK OF MOSCOW raised a loan facility exceeding USD 1.2 million to finance import of modern agricultural equipment produced by John Deere Agricultural Holding Inc (USA) and John Deere International Handelsgesellschaft mbH (Germany). The funds were extended by Deere Credit Inc for 5 years under the insurance cover of EXIMBANK and EULER HERMES, the US and German export credit agencies.
    • A loan agreement was signed with Bayerische Hypo- und Vereinsbank AG for long-term financing of deliveries of capital goods and services from German and Austrian exporters to Russian companies.
    • A loan agreement was signed with Dresdner Bank AG for long-term financing of deliveries of capital goods and services from German and Austrian exporters to Russian companies.
    • Moody's Investors Service affirmed CBM's E+ Financial Strength Rating (FSR) and ratings of B1/NP for long- and short-term foreign currency deposits for Credit Bank of Moscow (CBM). All ratings carry stable outlooks.
    • Fitch Ratings, the international rating agency, assigned the following ratings to Russia's Credit Bank of Moscow (CBM): Long-term 'B-' (B minus); Short-term 'B'; Individual 'D'; and Support '5'. The Outlook is Stable.
    • Moody's Interfax Rating Agency upgraded the long-term national scale credit rating of Credit Bank of Moscow from Baa1 (rus) to A3 (rus) and affirmed the short-term rating at RUS-2.
    • The United States Department of Agriculture increased the GSM-102 Program limit for Credit Bank of Moscow (CBM) for financial year 2005 to USD 11 million.
    • CREDIT BANK OF MOSCOW raised a loan amounting to c. EUR 1.7 million for the financing of import deliveries of modern agricultural equipment produced by the German company PETKUS Technologie GmbH. The loan was extended by Bankgesellschaft Berlin AG (Germany) for 5 years under the insurance cover of Euler Hermes Kreditversicherungs-AG pursuant to a basic agreement made between CREDIT BANK OF MOSCOW and Bankgesellschaft Berlin AG. In 2004 this bank had already provided more than EUR 0.7 mln of long-term financing upon CBM's request for the deliveries of agricultural equipment manufactured by CLAAS KGaA.

2003

    • CREDIT BANK OF MOSCOW signed an USD 14 mln syndicated loan agreement with a group of prime foreign banks. Bankgesellschaft Berlin AG acted as arranger and facility agent. Lead managers were Union Bank of California, N.A. and Kazkommertsbank.
    • CREDIT BANK OF MOSCOW and Bankgesellschaft Berlin AG made a basic agreement for long-term (over 5 years) financing of deliveries of equipment and technologies from German exporters to Russian companies under insurance cover of Euler Hermes Kreditversicherungs-AG, the German export credit agency.
    • CREDIT BANK OF MOSCOW and AKA (Ausfuhrkredit-Gesellschaft mbH) signed a EUR 1.74 mln loan agreement for long-term financing of acquisition of beet harvesting machinery from HOLMER (Germany).
    • The United States Department of Agriculture decided to increase the limit for the Bank under its Export Credit Guarantee Program (GSM-102) that encourages financing of commercial exports of U.S. agricultural products and equipment, from 4 to 7.7 MUSD.

2002

    • CREDIT BANK OF MOSCOW and AKA (Ausfuhrkredit- Gesellschaft mbH), a consortium of 32 German banks signed a basic loan agreement for long-term financing of deliveries of equipment and technologies to Russian companies. The agreement is distinct for being "unlimited", i.e. the parties chose not to limit the total amount of lending available thereunder.
    • Banca Nazionale del Lavoro, one of the largest Italian banks, established a revolving credit line in favour of CBM for financing of short-term (up to 12 months) export-import operations.
    • The United States Department of Agriculture (USDA) listed CBM as one of the 11 Russian banks admitted to its Export Credit Guarantee Program (GSM 102/103) that encourages financing of commercial exports of U.S. agricultural products and equipment. CBM was given a credit limit of USD 7.7 mln. This enabled the Bank's customers to import goods covered by those programmes on the deferred pmt basis under USDA guarantees. Such guarantees can radically reduce financing costs for the underlying borrower (importer) as U.S. banks refinance/confirm the Russian bank's commitments on preferential terms.

2001

    • The Bank in cooperation with Hermes and Commerzbank AG (Germany) developed a mid- and long-term project finance scheme tailored to Russian realities and signed a loan facility agreement with Commerzbank AG to finance projects with tenors up to 8.5 years. The scheme features a new legal framework for Hermes operations in Russia, with claims under CBM's loans to domestic companies being assigned to Commerzbank АG.
    • The first Hermes-insured transaction in Russia after the financial crisis of 1998 was made under a loan agreement between CBM and Commerzbank AG with a 5-year tenor.
    • To enhance its range of short- and long-term finance services for customers trading with the USA, CREDIT BANK OF MOSCOW established working relationship with US-based FIs and NGOs promoting US-Russia foreign trade. The most notable of them is the US Ex-Im Bank. Participation in its guarantee and insurance programmes allowed CBM to raise short- and long-term foreign funding to support import of US-made machinery, equipment and various consumer goods.
    • CREDIT BANK OF MOSCOW became a member of the U.S.-Russia Business Council whose mission is to expand and promote trade and economic links between Russia and the USA.

2000

    • CBM payment guarantees for short-term imports were recognized by the German ECA HERMES which allowed its importer customers to obtain buyer's credits for up to 12 months.
    • The Bank achieved recognition of its guarantees by such ECAs as HERMES (Germany), COFACE (FRANCE), CESCE (Spain), EKN (Sweden), Export-Import Bank (USA), MEHIB (Hungary), KUKE (Poland), NEXI (Japan). The Bank also targets ECAs of other countries important in terms of trade with the Russian Federation.
    • One of the largest Italian banks, Banca Nazionale del Lavoro SpA, established a documentary credit line in favour of CBM for financing of short-term export-import operations.

1999

    • CBM was the first bank in Russia to sign a long-term partnership agreement with Germany's Federal Union of Small and Medium Sized Enterprises (Bundesverband mittelstandische Wirtschaft, or BVMW).
    • The Bank signed a long-term partnership agreement with the Spanish SME Union allowing its customers to benefit from the Spanish SME development facilitation programme.

2007-2016. General license 1978 issued by the Bank of Russia on 06 May 2016.