About company

Bank "Avangard" began its activity in 1994. Then it bore the name of JSCB "SADR". In 1996 the organization was renamed: from that moment on, the bank was called Avangard. The head of the company and the main shareholder (over 99%) is K. Minovalov. The bank is part of an industrial and financial group consisting of manufacturing enterprises, enterprises of the agro-industrial complex and investment organizations.

Avangard is a huge banking network with 250 offices: branches of the company operate in almost every region of Russia. The total number of employees is 3,000 people.

The bank specializes in lending to individuals. The most intensively developing retail segment is credit and debit cards. Avangard maintains partnerships with the largest payment systems MasterCard and Visa. Since the company was founded, about one million plastic cards have been produced (of which 80% are credit cards).

The loan portfolio of Avangard (69%) is in one of the first places in terms of the real value of all the companys assets (net assets). It is steadily increasing: for example, over the period of 2011, the banks assets grew by 40%. 90% of loans accounted for lending to legal entities.

 

Modern banking technologies

Avangard is an organization that keeps pace with the times. The company implements the latest technologies, thanks to which the use of the bank becomes more comfortable. For example, special attention is paid to Internet banking. More than half of the companys clients (50,000 organizations and 1 million citizens of the Russian Federation) use online banking services.

If the client finds it difficult to choose a credit card, then he can use the "Assistant in choosing cards" service. The program will not only help you determine the type of credit card, but also understand how to get the most out of the card.

With the help of new generation acquiring, you can pay by credit card for the services of service centers and for goods purchased in the online store.

Another newest technology that has no analogues is the certification of cards with signatures and seals of organizations (legal entities): an electronic tablet records the signature biometrics: writing speed, pressure and tilt. This technology ensures full authenticity of the certified signature and excludes forgery of documents.

 

Effective development strategy

The banks management adheres to a strict policy in relation to debtors (it is understandable: who wants to lose their money?). This position has a positive effect on the development of the company: the debt is only 2%. All profits are put into circulation: bonds of foreign companies and Russian banks are purchased. The Directorate has developed a very efficient investment concept in which the banks capital is reasonably allocated:

the share of client accounts is 37%;
deposit accounts - 18%;
interbank lending is 11%;
13% is allocated for bonds and bills.
In 2011, the management made a decision to attract investment funds. Thanks to the issue of shares, the banks capital grew by 30%. This brought an incredible profit: Avangards income amounted to 708 350 000 rubles (a difference from the 2010 figures of 200 million rubles).

 

Documents confirming the legality of the Bank "Avangard"

For all types of services that the bank provides both legal entities and individuals, there are appropriate permits.

One of the main documents is the General License of the Bank of the Russian Federation, which allows banking transactions.
License to conduct operations related to precious metals.
Avangard has the right to trade and manage securities, as well as to carry out dealer, brokerage and depository activities.
The bank is authorized to develop, manufacture and distribute encryption, information and telecommunication systems.
The company obtained a license allowing the bank to use classified materials in its work.
Avangard has the right to issue bank guarantees of payment of customs duties and taxes by organizations that participate in foreign economic activity.
The bank participates in the deposit insurance program.
The Ministry of Finance of the Russian Federation has included the Avangard company in the List of banking organizations that can accept guarantees for taxation.

Internet banking

People who value their time use the services of Avangard Internet Bank. Thanks to this system, you can, while sitting at home in a comfortable armchair, at any time of the day or night, make banking transactions, submit requests and receive information on the status of accounts.

Wherever the client is located in the world, he will be able to access the Internet Bank at any time. Any device will do: desktop computer, mobile phone or tablet. The main condition is the presence of an Internet connection.

What does the Avangard Internet bank give?

Providing information on accounts, deposits, cards and loans.
Making payments for telephony services, Internet providers, cable TV, payment for utility services, crediting funds to electronic wallets.
Purchasing train or plane tickets. When paying for transport services, users of the Internet bank are credited with promotional miles that can be exchanged for tickets.
Hotel reservation in any country of the world.
Deposit management. Avangard Internet Bank allows making deposits online (in rubles, US dollars, euros). If necessary, the deposit can be closed ahead of schedule.
Implementation of translations. Customers can transfer money to the banks internal accounts free of charge. When transferring funds to third-party banks, a commission is charged. You can transfer both rubles and other types of currencies (euros and US dollars). Avangard has entered into partnership with the Western Union system.

Conversion

Avangard offers its clients rather favorable conversion terms. The bank conducts conversion operations very actively. The most popular currency pairs are: US dollar / ruble, euro / US dollar, euro / ruble.

When making transactions related to currency conversion, customers can take advantage of discounts that the company offers for a one-time transaction.

Currency exchange can be carried out both at a bank branch and online. Conversion is carried out at the exchange rate. Funds are credited to the users account instantly. Online exchange operations are carried out until 7 pm Moscow time.

The transaction value will be calculated automatically: the current exchange rate and bank rates are taken into account. Changes in the exchange rate are displayed in a special window. This allows not only to quickly make exchange transactions, but also to minimize costs. The client also has the opportunity to independently choose the conditions.

The bank charges a commission for making exchange transactions. The amount of the fee depends on the amount and type of currency (from 0.15 to 1%). If the transaction is made after 17.30 Moscow time, then an additional commission is charged (0.15%).

By entering data into the System, the client can monitor the exchange rate. And if significant changes have occurred, then the user has the right to terminate the transaction and exchange his money later.

The money stored in the Avangard bank accounts can also be exchanged for the Bitcoin cryptocurrency. In this case, you need to use the services of an online exchanger. Conversion can be carried out both manually and automatically.

 

Settlement and cash services

Bank "Avangard" provides its clients with services on the basis of contracts. These services can be associated with money transfers from client accounts, cash withdrawals, and more.

To open an account with Avangard Bank are entitled to:

legal entities;
private entrepreneurs;
residents of the Russian Federation;
residents of other states.

More than one hundred thousand organizations use Avangards cash settlement services.

The main advantages of this type of service are:

low cost;
ease of use (Internet Banking does not need any special software);
a large number of branches providing settlement and cash services;
possibility of informing by SMS.
To open a current account, you must submit an application at a bank branch or online.

Algorithm for opening a current account:

an online application is filled in;
a package of documents is uploaded
original documents are submitted to the bank branch.

Loans to individuals

Individuals can open a credit card at the Avangard Bank or use car loans.

When issuing loans, the bank makes simple requirements for clients that can somehow guarantee the reliability of the borrower. Citizens of Russia who have a permanent residence permit can apply for a credit card. In addition, the borrower must provide a job certificate confirming that he is in a permanent position. This is quite enough: you do not need a certificate of salary, and you will not have to look for guarantors.

Credit cards "Avangard" bank - this is the most profitable way of obtaining a loan today. However, it must be remembered that the bank adheres to a strict policy in relation to debts: payments must be made regularly, without delay.

This is one of the few banks that issues credit cards to young people (from 19 years old) - the best option for students. As for the maximum age, at the time of the loan, the borrower must be no older than 58 years old.

The loan amount will depend on the package of documents and income level. Rates, depending on the type of loan, fluctuate between 12-30%.

Another advantage of Avangard credit cards is a rather long term of use of credit funds. Having paid for their first purchases with a credit card, the borrower can repay the loan within 200 days. After the grace period expires, the loan period is 50 days. During all this time, no interest has to be paid. You only need to make a monthly minimum payment of 10% of the loan amount.

Car loans enable a bank client to purchase a car. The borrower can receive funds in rubles, euros or US dollars (the interest rate will also depend on this). Regular customers enjoy a special privilege: the rate will be lower for them.

The borrower must pay the first installment (at least 30% of the value of the vehicle). It should be noted that the larger the amount deposited by the client, the more loyal the bank will be to him.

Advantages of a car loan at Avangard Bank:

no salary certificate is needed;
there is no need to take out insurance;
unlimited loan amount.

Types of deposits in the bank "Avangard"

The bank offers a small range of deposits: only 4 types. The client can open a ruble, dollar or euro deposit.

"Base". The deposit can be opened at a bank branch or online. It does not provide for replenishment, and you can withdraw funds only after the expiration of the deposit. Interest payment can be monthly or at the end of the deposit.
"Savingsbook". This is a ruble deposit. You can open it at a bank branch. Validity period - 2 years.
"Rentier". Foreign exchange deposit, in which the minimum amount is 5 thousand dollars (euros). It is impossible to replenish it or withdraw funds before the due date. Interest will be credited when the deposit expires.
"Multicurrency". You can open this type of deposit using Internet banking. Its advantage is that the investor can convert funds without losing the exchange rate. The client can choose how he will receive interest: monthly or at the end of the deposit period.