OREANDA-NEWS.  July 24, 2012. We are glad and proud to inform you, that continuing long-term tradition, in 2011 as well we have made transfers at a high level, reported the press-centre of RIB Bank.

The approval of this is the prize we were awarded for the high quality execution of euro and USA dollars transfer’s by Deutsche Bank AG (Germany), which is one of the largest banks in the world.

We hope to please you with the quality of our services in the future!

RIB celebrated the 10th year of its operations in 2011. The bank describes the reporting year as a period of moderate development and cautious growth.

Most important financial indicators of the bank in 2011 attest to a successful reporting year. Bank’s assets increased by 35.23% in 2011 and reached EUR 337 million. Deposit portfolio reached its historical maximum of EUR 307 million.

In 2011 changes to the bank’s shareholder structure occurred. The bank raised EUR 1.315 million in capital and as at the end of 2011 the bank’s share capital is EUR 15.829 million.

During the reporting year a new service was launched - trade of investment grade gold bars. The bank actively develops this service and plans to expand the range of gold investment solutions. Clients will be offered both to purchase gold bars and to store them in the bank. Similarly clients will be able to invest in gold without physical transitions, using the bank’s gold correspondent accounts.

Bank significantly increased the volume and scale of documentary transactions. Compared to 2010 the amount of the bank’s securitized transactions grew by 20% and letters of credit transactions increased by 67%, reaching EUR 60 million.

During 2011 the number of payment cards increased by 33%, but the turnover of payment card transactions grew by 57%. At the end of 2011 the bank issued the exclusive World Signia cards, that are on the peak of MasterCard payment card hierarchy. World Signia cards are exclusive payment cards, that in addition to the standard features of a credit card offer exclusive solutions for regular and irregular situations.