Otkritie Bank

 

ranks 1st among privately-owned banks
and 4th by assets among banking groups in Russia

Otkritie Bank ranks 1st among privately-owned banks and 4th by assets among banking groups in Russia1. The Bank has been working in the financial market since 1993.

As of December 31, 2016, total consolidated assets of the Banking group stood at RUB 2,702.7 billion, total equity was RUB 232.0 billion (in accordance with IFRS).

Otkritie is a universal commercial bank with a stable diversified business structure and strong capital management. The Bank develops the following key business areas: corporate, investment, retail, small business and Private Banking. Otkritie pays special attention to high-tech services: in particular, by implementing the Rocketbank project the Bank intends to develop remote banking services to individuals, within the Tochka project — remote banking services to SMEs.

Otkritie Bank has been built up as a result of mergers with more than 10 banks of varying capitalisation and scale, among which there were large banks of federal importance, such as NOMOS-BANK, Khanty-Mansiysk bank and Petrocommerce Bank. Otkritie Bank enters the top 10 systematically important credit organisations approved by the Central Bank of Russia, as well as the world’s largest companies according to ForbesGlobal 2000.

The Bank’s reliability is proved by international rating agencies, i.e. Standard & Poor’s (В+) and Moody’s Investors Service (Ba3). The client base of Bank Otkritie Financial Corporation comprises more than 250,000 of companies and 3.6 million of individuals, including high net worth individuals. The Bank has 412 offices of different forms, which are located in 54 economically important regions of Russia. The large portion of business is accounted for Moscow, Saint Petersburg, Tyumen Region (including Khanty-Mansiysk Region), Yekaterinburg, Novosibirsk Region, Khabarovsk and Volgograd Regions.

The major shareholder of Otkritie Bank is Otkritie Holding, which holds 66.64% of the voting shares. The beneficiary shareholders of Otkritie Holding are Vadim Belyaev, IFD Kapital Group, VTB Bank, Vagit Alekperov and Leonid Fedun (joint ownership), Ruben Aganbegyan, Alexander Mamut. The Bank’s securities are traded on the Moscow Exchange.

Ruben Aganbegyan is the Chairman of the Bank’s Supervisory Board, and Evgeny Dankevich is the Chairman of the Bank’s Management Board.

Otkritie Bank takes an active part in social projects supporting such fields as science (Polytechnic Museum), education (Lomonosov Moscow State University; European University in Saint Petersburg), culture (Maly Theatre; cooperation with Yuri Norstein, the author of Hedgehog in the Fog cartoon), medical care (the Vera Hospice Charity Fund), sports (strategic partnership with Spartak Moscow Football Club, Ugra Ski Marathon).