Rosbank

Rosbank (Russian: Росбанк) is a Russian universal bank whose majority shareholder is Interros from April 2022 and the purchase of the bank from the international financial group Société Générale, which has left Russian market because of International sanctions during the Russo-Ukrainian War.[3] In October 2020, Rosbank ranked 11th among Russian banks in terms of assets (RUB 1379 billion).[4] According to the Forbes Russia, Rosbank is the third most reliable Russian bank.[5]

Rosbank
TypePublic
MCX: ROSB
Founded1993
HeadquartersMoscow, Russia
ProductsFinancial services
Revenue94,838,000,000 Russian ruble (2017) 
Number of employees
12,500 (2015) 
ParentInterros.[1]
RatingBa2 (Moody's), BBB- (Fitch) (2017)[2]
Websitewww.rosbank.ru

Legally, Rosbank is registered as a public joint-stock company (PJSC) and headquartered in Moscow. On 1 July 2011 Rosbank merged with another Russian subsidiary of Société Générale, Banque Société Générale Vostok (BSGV). The strategy of Societe Generale Group is basic on further improvement of client service and maintenance of leadership in innovation, capturing growth through business development, increased synergies, and delivery of sustainable profitability.

History
Bank building in Moscow on Mashi Poryvayevoy Street

Founded in 1993 under the name of AKB Nezavisimost (Independence), the legal status of the bank has evolved several times (1994: TOO, 1996: ZAO). In September 1998, Interros holding company bought the bank and renamed it to Joint Commercial Bank (JCB) "Rosbank". In 1999 the bank's legal status changed to Open Joint Stock Company (OJSC).

On 21 November 2000, the Vladimir Potanin and Mikhail Prokhorov associated bank ONEKSIMbank (Russian: "ОНЭКСИМ-банк") (akas: Uneximbank; Onexim Bank; Oneksimbank) merged with Rosbank.[6]

In 2006 Societe Generale acquired 20% of Rosbank with an option to purchase an additional package of 30% +2 shares for US$1.7 billion till the end of 2008. This option was exercised in February 2008.

Merger with BSGV and rebranding

In February 2010 shareholders of Rosbank agreed to consolidate Societe Generale assets in Russia, Rosbank, Bank Société Générale Vostok (BSGV) and two other entities: DeltaCredit and Rusfinance Bank. In January 2011 DeltaCredit and Rusfinance became 100% subsidiaries of Rosbank.

On 1 July 2019, DeltaCredit mortgage bank ceased to be an independent bank and became part of Rosbank as a division called "Rosbank Home" (Росбанк Дом).[7] 1 March 2021 in the Rosbank was included Rusfinance, the Russian leader in the car loan segment. It turned into a division of Rosbank under the name "Rosbank Auto".[8]

Shareholders

With a 99.4867% stake, Société Générale is the majority shareholder. In April 2022, Société Générale became the first major European financial group to leave Russian market due to International sanctions during the Russo-Ukrainian War, selling its stake to Interros, former owner of Rosbank.[9]

Leaders
  • In April, 2019 Societe Generale announces the appointment of Gianluca Soma as Group Country Head for Russia from 1 July 2019 – instead of Didier Hauguel.[10] Now Soma is named the chairman of the board of directors on the official website of Rosbank.[11]
  • Ilya Polyakov, CEO and chairman of the management board[11]

Activity

Rosbank is a universal bank. It provides all types of services to individual and corporate customers.

Regional network

In order to coordinate the bank's regional network, the management is organized as follows:

See also

References
  1. "Интеррос купил Росбанк" (in Russian). Коммерсантъ. 11 April 2022.
  2. "Рейтинг банков – 2017 (таблица)". Forbes.ru. 23 March 2017. Retrieved 1 May 2017.
  3. "Интеррос Потанина объявил о покупке Росбанка у Societe Generale" (in Russian). Ведомости. 11 April 2022.
  4. "Рейтинг банков России" (in Russian). Kommersant. 9 December 2020.
  5. "100 надежных российских банков – 2021. Рейтинг Forbes". forbes.ru (in Russian). Retrieved 5 April 2021.
  6. "Книга памяти: "ОНЭКСИМ Банк"". Банки.ру (in Russian). Retrieved 18 July 2021.
  7. "Росбанк присоединил "ДельтаКредит"" (in Russian). Rosbank. 3 July 2019.
  8. "Росбанк присоединил Русфинанс Банк" (in Russian). banki.ru. 1 March 2021.
  9. "Societe Generale первой из крупных европейских фингрупп заявила об уходе с рынка РФ" (in Russian). Интерфакс. 11 April 2022.
  10. "APPOINTMENT OF GIANLUCA SOMA". Société Générale. 1 April 2019.
  11. "Руководство банка". Rosbank. Retrieved 29 December 2020.
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