Bank Russia is a financial institution in the form of an open joint stock company. The headquarters is located in St. Petersburg. Auditing services are provided by the PwC Group (PricewaterhouseCoopers), headquartered in London. The Bank of Russia carries out its financial activities on the basis of the Central Bank license dated September 3, 2012 No. 238 Bank foundation year: 1990.

 

Activity: asset growth

Since its inception, the bank has focused on serving customers in the North-West District. After merging with the closed joint-stock company Gazenergoprombank, Bank Russia opens new branches in major Russian cities, including Ufa, Kursk and many others. In 2014, the first branch of the bank was opened in Crimea. As of 2016, 20 branches of the Bank of Russia were opened on the territory of the peninsula. In total, Bank Russia has more than 20 branches, which operate in 25 regions of Russia. The number of offices and official points of sale exceeds 60. Timely fulfillment of its obligations, as well as an increase in assets, contributes to the improvement of the quality of services, as well as the range of banking products. In 2009, Bank Russia had assets of RUB 111 billion. Over the next years, the following dynamics of asset growth took place (in billion rubles):

2010 - 260;
2011 - 304;
2012 - 318;
2013 - 421;
2014 - 527;
2015 - 558.
The figures are presented as of December 31.

As of December 31, 2015, the bank demonstrated the following financial indicators:

net profit - 2.88 billion rubles;
loan portfolio - 277.98 billion rubles;
deposits of individuals - 37.8 billion rubles;
investments in securities - 142.96 billion rubles.

Subsidiaries

Since its inception, the banks activities have been accompanied by financing projects in major industrial sectors. At the same time, the bank introduced innovative products, providing clients with flexible and beneficial terms of mutual cooperation. Currently, Bank Russia plastic cards are widely used within the framework of numerous credit and deposit programs. The bank relies on remote servicing of private and corporate clients. Also, the banking group includes several large enterprises that belong to various economic sectors. Thus, the banking group owns a controlling stake in IC Sogaz, which is managed through the Abros division (the company belongs to Bank Russia). The Bank owns significant assets of the National Media Group, as well as the Leader company (38.3%).

2012: own processing center

Joint Stock Bank Russia is included in the list of financial institutions that are entitled to receive financing in foreign currency from the Central Bank without additional collateral. 2012 was a turning point in terms of technical support: the financial institution began operating its own processing center and Bank of Russia cards were transferred to self-service. Until that time, the bank used the services of third-party organizations within the framework of outsourcing. Due to the presence of its own center for servicing payment systems, the financial institution increases the speed of making money transfers, and also guarantees an increased level of data confidentiality.

 

2014: sanctions

The year 2014 became a turning point in the banks activities, when PS Visa and MasterCard stopped making payments using cards issued by Bank of Russia. The reason was the introduction of sanctions by the United States and accusations of the banks leaders of providing financial assistance to Russian officials who may have been involved in the annexation of Crimea. As a result of the sanctions, Bank Russia announced its intention to work exclusively on the territory of Russia and only with the national currency. Today the Bank is the issuer of the Mir payment system.

 

Ratings

According to the Expert RA agency, presented at the beginning of 2016, the Bank demonstrates the highest indicators of stability and creditworthiness. In terms of the volume of assets, as well as the dynamics of their growth, the financial institution is among the twenty best banks in Russia. On the territory of the North-West region, Bank Russia is consistently included in the TOP-3 largest credit and financial structures. The basis for such achievements is compliance with the rules of banking business, high professionalism of employees, as well as innovative technologies. The bank takes part in sponsorship projects, is engaged in charity work and other socially significant programs.

 

Deposits for private clients

The list of the banks services includes a standard service package, including debt financing, RBS, bank cards, securities transactions and deposits. All financial transactions are carried out in rubles. All deposits can be opened through regional offices, as well as Bank Russia online - the ABR DIRECT mobile application, which allows you to manage money without being tied to stationary services. At present (2016) the Bank offers three main types of term deposits:

"Scarlet Sails". The client can open a deposit in the amount of more than 3 thousand rubles. The bank does not set minimum restrictions on account replenishment. The interest on the deposit is determined based on the amount and timing of the placement of funds. So, if you deposit the minimum amount for 30 days, the rate will be 6% (90 days - 8.1%, 180 - 8.5%, 270 - 8.6%, 366 - 8.7%). In general, the rate varies in the following range:

100 thousand rubles - 6.6% -9%;
1 million rubles - 7.1% -9.2%;
10 million rubles - 8.1% -9.5%.
"Classical". Payment of interest is provided on a monthly basis. The maximum term of the deposit is 5 years. The rate is up to 9.5%.

"Universal". Partial withdrawal of funds is provided. The rate is 8% -9%. For the convenience of calculations, you can use the Bank Russia online calculator service, which will allow you to make a choice in favor of a certain deposit.

Private lending

Consumer lending is designed specifically for various categories of the population. For strategic partners of the bank, namely employees of companies and organizations, a rate of 14% -16% is provided, depending on the type of loan (with or without collateral). So, without collateral, an amount of up to 750 thousand rubles is provided. The maximum limit with collateral is 3 million rubles with a financing period of 60 months.

For employees of budgetary organizations, similar conditions are presented. The rate is presented in the range from 16.5% to 17.25%. In both programs presented by Bank Russia, the rate may differ by 1% -2.5%, depending on the following factors:

package of insurance services;
the borrowers credit history;
the presence or absence of the borrowers salary account with the bank;
method of debt repayment.

Mortgage loan from Bank Russia

The bank implements two main programs to buy real estate:

"Finished Housing" and "Housing under Construction". For the purchase of housing on the secondary market, the Bank of Russia allocates up to 15 million rubles for a period of 25 years. With a mandatory deposit of 20%, the rate is 13%, and with a deposit of 50% or more - 12.5%. Conditions for clients who are strategic partners of the Bank are the most beneficial.

For the purchase of an apartment on the primary market, two programs are presented: "New meters" and "Military Mortgage". The average rate is around 12% -13%.

 

Overdraft for private clients

Financing is provided only for clients who have Bank of Russia cards as part of salary projects. Overdraft refers to short-term loans and, in accordance with the terms of the "Classic Opportunity" program, is allocated in the amount of not more than 95% of the borrowers income (wages). The maximum overdraft limit is RUB 300 thousand. The rate is 14% - 17%. The largest amount allocated in accordance with the terms of the “Simple Possibility” overdraft is 10 thousand rubles for a period of one year.

 

Additional services

The bank offers its customers bank cards. The main area of service is payroll projects. The cardholder of Bank Russia can count on full service, which includes all information services.

ABR DIRECT service allows you to manage monetary transactions regardless of location. With ABR DIRECT, the client has access to all modern payment methods for services and goods. You can download the mobile application on the official website of the Bank of Russia.

One of the banks activities is the sale of investment coins of the Central Bank of the Russian Federation. Also, individuals can use bank safes, which allow them to minimize any risks associated with the storage of funds and valuables.

OJSC JSB Rossiya holds high rating positions, which are formed on the basis of competitive advantages. For example, Bank Russia provides debt financing to large corporate clients on favorable terms. Expansion of the geography of activities and significant volumes of shares invested in subsidiaries are also positive factors. In the medium term, according to analysts, the banks rating will remain unchanged.