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Credit Bank of Moscow establishes one more regional branch following its expansion strategy

05.09.2008

On 05 September 2008 CBM’s fifth out-of-Moscow branch started its operations in the City of Lipetsk. The number of total CBM’s outlets now exceeds 50, which includes 32 Moscow outlets, 14 Moscow region outlets and 5 - in other regions of Central Russia.

Today CBM is the only bank with the focus on development of particularly Central Russia. The launch of this branch is another step to establishing strong presence in this region, which we plan to reinforce by setting up three more regional branches by November 2008.

The new branch offers the entire range of the Bank’s core services for private and corporate customers including lending, SME finance, leasing, factoring, trade & structured finance, cash collection, etc.