23 May 2014

Fitch Ratings has upgraded JSC Bystrobank's Long-term Issuer Default Rating (IDR) to 'B' from 'B-'

Additional information is available at https://www.fitchratings.com/creditdesk/press_releases/detail.cfm?pr_id=831335


10 April 2014

Commerzbank AG & BystroBank's partnership in supporting of Russian SMEs (Commerzbank FI News article)


12 March 2014


JSC «BystroBank» increases its capital

On March, 4th, 2014, the Board of Directors of JSC «BystroBank» has made the decision on additional 99 165 000 Bank's shares issuance to be disbursed through open subscription. The volume of investments expected to be promoted by the Bank amounts approximately up to RUB 800-900 mln. As the result of the issuance the Bank's capital will amount up to RUB 4,5 bln.
Increase of the capital is an important step for implementation of ambitious plans on BystroBank's development. During 2013 the bank's assets have grown by more than 40% and exceeded 36 billion rubles. Funds procured by the Bank will give another boost to its development, maintaining the current growth rate. In 2014 the Bank plans to expand its network of offices and increase its assets considerably.


05 February 2014


On February, 5th, 2014 the European Bank for Reconstruction and Development (the EBRD) and Joint-stock company “BystroBank” signed a Loan agreement providing 850 million rubles to JSC “BystroBank”. The three-year funding is granted under the Russia Small Business Programme.

Cooperating with the EBRD since 2011, JSC “BystroBank” has provided more than 2,000 entrepreneurs and SMEs with loans for their business development, with more than 30% of such loans designated for investment purposes. According to JSC “BystroBank’s” estimates, SMEs created more than 750 work places and increased gross revenue volume by 22% on average thanks to such financial support.

This loan from the EBRD will also be aimed at support of SMEs in Volga and Ural Federal Districts, thus strengthening “BystroBank” strategy regarding SME development and contribution  to the economy of its operation areas.


19 December 2013


European Bank for Reconstruction and Development (EBRD) has approved a loan up to 850 million roubles to BystroBank. The three-year funding is designated for on-lending in Volga and Ural Federal Districts. The EBRD loan will support small and medium-sized businesses, developing a model for a sustainable programme.

EBRD: Richard Wallis, Moscow, Senior Communications Adviser for Russia and Belarus

Tel: +7495 787 1111; Email: wallisr@ebrd.com

06 November 2013


Fitch Ratings has affirmed JSC BystroBank's Long-term IDR at ''B-" with a Stable Outlook    

Additional information is available at www.fitchratings.com


29 August 2013


A new edition of the Charter of JSC BystroBank has come into force


13 February 2013


Fitch rates BystroBank's upcoming debut bond issues ''B-(EXP)''

Additional information is available at www.fitchratings.com