League of credit brokers of Primorski Krai

Today the participant of the League is the qualified expert, an analyst and an expert in sphere of crediting, financing and the insurance, who passed professional training and who is using innovative technologies in the daily practice. These technologies allow not only to carry out qualitative and credible monitoring of financial products, but also to provide cooperation with all financial institutions of Primorski Krai, such as banks, the insurance and investment companies, credit co-operative societies and not state pension funds.

 

Participation in League’s work has allowed many broker companies to differentiate their business, to discover credit intermediation on business crediting, factoring, leasing; to offer the clients professional financial analysis of the enterprises, optimization of their financial policy, drawing up and conducting the administrative analysis, drawing up the feasibility reports and business plans, including those under innovative projects. For many hypothecary, credit-broker and real estate broker companies the knowledge and possibilities received on platforms the League became the strong base and prospect of their further development in the conditions of crisis.

 

In 2008 League concentrated on formation of positive image of credit and insurance brokerage. During this period the Chairman and leaguers repeatedly gave speeches and lecturers in forums, conferences and «round tables» (held by various legislative and executive establishments and representatives of business communities) on subjects of formation of qualitative and accessible credit and financial system of Primorski Krai.

 

The League actively participated in discussion of problems that exist in mutual relations of financial institutions and population; during its regular free seminars the League developed recommendations on these relationships.

 

Active work throughout 2008 provided constant presence of leaguers in the information market of Primorski Krai, particularly in a number of TV, radio, press and the Internet activities. Thus, the task on promotion of activity of credit brokers and development of the positive attitude towards this profession among consumers and representatives of the credit organizations is carried out.

 

The first regional conference «Financial education of the population as a main element of the system of citizens’ rights’ economic protection» was conducted with the League’s assistance. At this conference the necessity of creation of the system of protecting the population financial interests by financial market legitimate participants with assistance of the state structures was declared. This has been declared for the first time not only in Primorski Krai, but also in the Russian Far East.

 

It is important that based on the results of the conference the Working group was created. This group prepared and presented the program «Activity of Vladivostok administration on increasing the financial literacy of the city population and formation of a positive image of financial capital of the Far East for the period - 2008-2012» to the city authorities. Now a similar program for Primorski Territory is being written.

 

Leading experts and analysts of the financial market of Primorski Krai, such as deputies, heads of administration of Primorski Territory and Vladivostok, heads and leading analysts of banks, insurance, factoring and leasing companies, representatives of the credit-broker companies, regularly take part in the actions conducted by the League.

 

Let’s just look back at the themes of the seminars conducted by the League:

 

1. «About financial pyramids and the Internet frauds».

2. A seminar devoted to developing the recommendations for potential and operating real estate investors.

3. «Mortgage pitfalls».

4. «Compulsory Insurance of Auto-Civil Liability and Comprehensive Insurance. What are the insurers silent about?!»

5. «How not to get to credit slavery»

6. «How to keep the money in the conditions of financial crisis».

 

Besides, throughout 2008 year experts of the League conducted active telephone consultation of the citizens who have got into difficulties with banks, broker companies and other financial institutions. In total, more than 300 persons were helped over the phone.

 

The brochure «How not to get to credit slavery», issued by «The league of credit brokers» became an extensive discussion subject in Primorski Krai. It was released in unfortunately insignificant for Primorski Territory circulation of 7000 copies, and was almost instantly dispersed. Now the League is preparing a new brochure devoted to today’s the most actual problem – «How to survive in the conditions of financial crisis».

 

It is necessary to outline that the activity of the League described above became possible in many respects thanks to the Grant of the Government of the USA, won by "The league of credit brokers of Primorski Krai" in the end of 2007 year.

 

Evaluating year 2008 from a position of formation of financial intermediary in Primorski Krai we can confidently tell that the insurance and credit broker - the participant of League - as practice has shown, is the only professional adviser and representative of a financial services’ consumer in the market. From the very beginning League policy provides that the Participant of the League renders his services from the perspective of a financial product’s consumer’s interests. For the benefit of the consumer Participants of League are conducting daily work on information gathering, monitoring of credit and financial products; the system of professional responsibility is being introduced. Participation of various financial companies in League’s activity shows their openness and readiness for diligent work in the financial market of Primorski Krai.

 

We, Participants of League, are completely ready today to solve the Consumer’s problems. In the conditions of absence of the operative and integrated information on the financial market and taking into account low financial literacy of the population, our activity is aimed not only at selling financial products, but also at the subsequent service of clients which provides an explanation and settlement of problems at credit, financial and insurance markets.

 

In 2009 League’s activity will be aimed at further creation of an effective platform for cooperation between all financial organisations of Primorski Krai for the benefit of consumers. The entrance of Insurance Club "Union" and credit co-operative society "Obereg" to the League has allowed seeing the activity of credit intermediaries from a new perspective. We have already considerably expanded activity of credit intermediaries. This includes not only borrowing credit and financial resources for the clients, but also placing consumers’ own means; voluntary insurance. Active analytical work under depositary offers of banks is conducted; the information on PIFS, on not state Pension funds, products of insurance companies is being gathered.

 

We - the participants of professional community «League of credit brokers of Primorski Krai» - are sure that operative and trustworthy information on financial, insurance and credit markets and correct organization of financial system in Primorski Krai can provide a benefit for the consumers – the population, small and average business of our native Primorski Krai.

 

2009 will be very difficult for Russian economy and for those of us who is not included into 1000 richest people of the world. And, as a bitter experience of previous Russian crises shows, it won’t be easy. In this situation social and educational role of «League of credit brokers of Primorski Krai» and of those who supports us is getting more and more important. We will win combining our efforts!