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Web-invest Bank changes name to Investment bank CIT Finance |
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St.Petersburg, Russia. September 7, 2005. Web-invest Bank combines all business lines and competitive advantages of the Bank, Web-invest.ru brokerage company and CIT Asset management company by new unified brand – CIT Finance.
«Today, CIT Finance is a leading Russian investment bank built on the expertise and knowledge of all our companies. We are working together as united investment bank for all our clients», said Alexander Vinokurov, Chairman of the Board, CIT Finance.
«We are planning to expand our business by strengthening our positions on capital markets, securities services and asset management and by offering new financial products and services to our clients», added Alexander Vinokurov.
CIT Finance is Russian independent investment bank, a leader in providing financial services to corporations, institutional and individual investors. The strategic lines of our business are investment banking, including securities underwriting and advisory services, asset management, brokerage services and wealth management.
CIT Finance Key facts
#1 by brokerage turnover in Russia
#1 by exchange bond and derivatives turnover
Best asset management company 2004
Biggest family of Russian mutual funds
Positions in top 10 of rouble debt arrangers and underwriters
Positions in top 10 of M&A advisers
Distributon network in 20 biggest cities
Assets under management – 7 bln roubles
Shareholders equity – more then 2,8 bln roubles
Assets – more 10 bln roubles
Net profit – 406 mln roubles
Standard&Poor’s rating(ÑÑÑ/Positive)
RA NAUFOR Rating (ÀÀ+)
More then 120 investment banking transactions
Corporate bonds – Russian Railways, North-West Telecom, Alrosa, Volgatelecom, Uralsvyazinform, Severalmaz, LENSTRO Group, Ilim Pulp, etc.
Municipal and sub-federal bonds – Leningrad region, Nizhny Novgorod Region, Novosibirsk region, Republic of Komi, Republic of Sakha, Tver region, City of Volgograd etc.
10 M&A transactions in telecommunications, power electric industry, power machinery , food industry
Assets under management doubled from the beginning of the year 2005
More the 12500 shareholders accounts
9 retail mutual funds and 4 close-end fund for qualified investors
Asset management for pension funds and wealth management
#1 by rouble bond turnover and REPO deals turnover on MICEX Stock exchange
Bond market share – approximately 18%
Positions in top-10 in all equity exchange market segments
Best FORTS (futures and options exchange market) company since 2002
Brokerage turnover for 1st half of 2005 – 1 100 bln roubles
Turnover: 40% — bonds, 35% — derivatives, 25% — equities.
2200 brokerage clients.
Prime broker for more then 350 institutional investors
Aurora Access Securities (Estonia) – 100% subsidiary with license to provide full range of securities services in EU
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