Financial and Stock Market of Krasnodar Region

Bank credits is financial basis for Krasnodar region economy development

Krasnodar Region financial market is characterized recently by stable activity of lending agencies and permanent growth of their activity main parameters, and banking network expansion.

Big financial institutions aim to set up their departments in Krasnodar Region due to the Region convenient geopolitical position and increased investment attraction.

Among the Krasnodar Region credit institutions there are ones, in the formation of stock capital of which participated business structures from Germany, Austria, France, Italy, Czechia, Cyprus.

The market orientated banking sector is operating in Krasnodar Region today, that is represented by 121 credit agencies, which comprise more then 1400 additional branch departments in the Region cities and districts.

The Kuban economy crediting is progressing rapidly. This year it is planned to attract 15 billion Еuro credit resources to the regional economy.

One of priority trends of regional banking sector development is the attraction into the regional financial market of largest foreign banks and banks with foreign capital share, which implement the long-term financing of investment projects, as well as provide credit lines to Russian bank institutions for financing projects, dealing with small-scale and medium-scale business support.

Insurance policy is the best protection of population and business savings and deposits

The insurance market takes a significant place in maintenance of social and economic development of Krasnodar region, is a necessary element of financial well-being and stability of the region.

The attraction and development level of the local insurance market is determined by the number of companies operating at it. 137 insurance companies are operating in Krasnodar Region, being situated as the branch network of more then 500 representations and agencies.

The priority has been determined for the following insurance types development: manufactures and sellers liability insurance against goods quality, crop and farm insurance, voluntary medical insurance.

The increased market demands result in the formation and development of the insurance of export-import activities, leasing, property in pawn, mortgage risks, share construction, investment and credit deals.

For today the basic directions of development of the regional market of insurance services are: increase of availability of financial services for the population and legal persons due to expansion of a filial network of the insurance companies, promotion on the market of Krasnodar region of new insurance products, adjustment of interaction with the leading foreign companies experienced in insurance of financial risks.

Securities is the effective tool of attracting investments for business development

Favorable conditions have been created for successful issuing activities in Krasnodar Region.

Securities market potential, as the source of long-term investment resources, is very high. The fifth part of all open joint-stock companies of the South of Russia are situated at Krasnodar Region territory.

The investments share ratio grows permanently for investments, attracted through securities.

81 Kuban issuers securities are quoted at two Russian stock exchanges at present, in 2005 there were only 12 such companies. Today about 100 companies of Krasnodar Region are ready to enter the open stock market, half of them are ready for being entered to Quotation Lists in the nearest future.

It is promoted by the developed stock market infrastructure which is presented by 48 professional securities market participants.

The development of Krasnodar Region securities market infrastructure is not restricted only to local professional participants and stock exchanges. Department cooperates with a number of authoritative international companies, including London and Frankfurt am Main Stock Exchanges, Salans company and others.