CEB Ltd. was established as a closed joint stock company under the laws of the Russian Federation on 23 May 1997. The core business areas of CEB Ltd are corporate, retail and SME Banking, supported and complemented with its expertise in treasury transactions as well as domestic and international trade finance products and services. Over the years, CEB Ltd developed a wide correspondent network of well-known banks across the globe and distinguished itself as an international player among its peer group banks. CEB Ltd's clients comprise all segments of business life including large, medium and small-scale companies, whose needs are catered with innovative banking products and services. As of 31 December 2007, Credit Europe Bank Ltd had over 900 corporate banking customers, 6,000 SME customers and over 1.8 million private customers. Operating through 46 branches in Moscow and 86 branches in the regions, CEB Ltd expanded gradually over the years to cover all geographical regions of the country where economic and industrial activity were vibrant. CEB Ltd has traditionally adopted a prudent banking culture that complies fully with national and international risk management standards and corporate governance principles. Shareholders Credit Europe Bank N.V., an entity controlled by Fiba Group, holds 95 per cent of the share capital of Credit Europe Bank Ltd. Credit Europe Bank N.V. is a commercial bank headquartered in Amsterdam, regulated by the Dutch National Bank. Credit Europe Bank N.V. is a wholly owned subsidiary of Credit Europe Group N.V. The remaining shares of CEB Ltd are owned by Credit Europe Group N.V. and others.
