About the Bank

 

Otkritie Bank

Otkritie Bank is a full-service commercial bank benefiting from a diversified business structure. It is recognized by the CBR as a systemically important financial institution.

  • 70*

    regions of Russia

  • 900*

    offices

  • 6 000*

    ATMs

* including the subsidiary bank and the partner banks

About Us

Otkritie is ranked in top 10 largest financial institutions of Russia and is one of the systemically important banks. The bank has been active on the financial market since 1993; its main areas of operation are corporate, investment, retail, small and medium business, and private banking. Otkritie’s key shareholder (99.99% in share capital) is the Bank of Russia. In February 2018, the Bank of Russia announced its intent to integrate both Otkritie and Binbank into one entity. Earlier, the Fund for Banking Sector Consolidation was entrusted with financial rehabilitation of those financial institutions. All integration matters will have been finished by 01 January 2019. In June 2018, the Supervisory Board approved the strategy for development of Otkritie’s integrated banking business till 2020. Bank’s net profit is expected to reach RUB 68 billion, while its credit portfolio is expected to triple (exceeding RUB 2.15 trillion). As at 30 June 2018, assets of the bank and its subsidiaries are estimated (according to IFRS) at RUB 1,978.3 billion¸ equity at RUB 257.1 billion. Otkritie offers its services to 180,000 legal entities and 3.8+ million individuals (including premium clients). As at the end of the first half-year of 2018, Otkritie (and partner banks, including Rosgosstrakh Bank and Binbank) has 6,000 ATMs. The regional network of banks consists of 900+ offices in 70 major regions of the country. Most of our business operations are concentrated in the Moscow Region, Saint Petersburg and Leningrad Region, Tyumen Region (including Khanty-Mansi Autonomous Area), Yekaterinburg, Novosibirsk Region, Khabarovsk Territory and Krasnodar Territory. Today, Otkritie is a large financial group with a great potential for further growth. Several leading financial services companies, such as Rosgosstrakh (insurance business), LUKOIL-GARANT (pension business), Otkritie Broker (brokerage services), are part of the group.

 

History of the bank

2018

February. Bank of Russia announced future Binbank and FC Otkritie merger.

May. ACRA upgraded Bank Otkritie’s rating to А+(RU).

June. Moody’s upgraded Bank Otkritie’s long-term deposit rating to В1. Otkritie’s integrated banking business development strategy till 2020 was approved.

July. Expert RA assigned ruА rating to Bank Otkritie.

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2017

December. The Central Bank of the Russian Federation, which since August 2017 has been implementing a number of measures to improve the financial stability of Otkritie Bank, becomes Otkritie Bank’s key shareholder with a 99.9% stake.

February. Otkritie Bank is one of the first Russian banks to adopt blockchain technology in order to ensure maximum transparency and security of its operations, while also reducing costs and the risk of document forgery. Together with the Bank of Russia, Otkritie participated in the execution of the first Masterchain transactions.

March. Otkritie Bank is the first in Russia to introduce a personal identification system both at its branch offices and in its mobile banking application. Remote biometrics-based identification technologies make it possible for clients to use the mobile application to authenticate their identities and access financial services without having to visit a branch office.

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2016

August. Otkritie Group completes the merger of Khanty-Mansiysk Otkritie Bank into Otkritie FC Bank.

April. Otkritie FC Bank group reports a 12.4% increase in net profit for 2015 to 6.6 billion roubles.

March. Dmitry Romaev chairs the Supervisory Board of Otkritie Bank; Evgeny Dankevich is appointed Chairman of the Management Board.

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2015

December. Otkritie FC Bank obtains a USD 185 million syndicated loan from a pool of international investors becoming the only Russian bank to raise such financing in 2015.

October. The Russian Central Bank lists Otkritie FC Bank among national systematically important credit institutions.

June. Otkritie Group finalises Petrocommerce integration through its merger into Otkritie FC Bank.

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2014

December. The Bank of Russia and the Russian Deposit Insurance Agency select Otkritie FC Bank and Otkritie Holding to co-finance the financial rehabilitation of Trust Bank.

November. Otkritie Group completes its retail business reorganisation. Otkritie Bank and Novosibirsk Municipal Bank are merged into the Bank of Khanty-Mansiysk and the resulting bank is named Khanty-Mansiysk Otkritie Bank.

September. Otkritie FC Bank completes its delisting from the London Stock Exchange.

June. Cristiano Ronaldo becomes the face of Otkritie Group World Cup advertising campaign. As part of Otkritie rebranding, NOMOS BANK is renamed and becomes Otkritie FC Bank. As part of Otkritie rebranding, NOMOS BANK is renamed and becomes Otkritie FC Bank.

April. Standard & Poor’s for the first time ever rates NOMOS BANK assigning it BB- long-term credit rating.

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2013

October. Otkritie FC Bank completes a successful SPO on the Moscow Exchange adding RUB 19.08 billion to its equity.

September. Otkritie Holding (the parent company of Otkritie Group, known as Otkritie Financial Corporation until June 2014) consolidates a controlling stake in Otkritie FC Bank.

April. Otkritie FC Bank completes the first stage of Otkritie banking consolidation by integrating its subsidiary banks in Novosibirsk and Khabarovsk.

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2012

Otkritie announces its acquisition of Otkritie FC Bank as part of its effort to build the largest private financial group.

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2011

NOMOS BANK becomes the first Russian private bank to successfully complete an IPO on the London Stock Exchange (LSE) and the Moscow Exchange.

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2010

Otkritie FC Bank becomes a controlling shareholder in the Khanty-Mansiysk Banking Group (which includes, in addition to the Bank of Khanty-Mansiysk, Novosibirsk Municipal Bank), one of the major national players and the market leader in Western Siberia.

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2008

Otkritie starts developing its banking business: the Group acquires a 100% interest in Russian Development Bank (Russkiy Bank Razvitiya) and rebrands it as Otkritie Bank. Otkritie becomes a shareholder in Petrovsky Bank (Saint Petersburg) and Sverdlovsky Gubernsky Bank (Yekaterinburg) as part of their financial recovery effort and eventually consolidates them.

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2007

Otkritie establishes a company in London to become a leader by volume of trade in Russian securities.

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2005

Otkritie FC Bank acquires a controlling stake in Regionbank, a leading bank in the Russian Far East.

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2004

Otkritie commences its expansion in the financial market. The Company starts to grow as a full-service financial group which, in addition to brokerage, also includes banking, insurance, and asset management arms.

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2002

Fitch and Moody’s for the first time rate Otkritie FC Bank at B and B1, respectively.

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1995

Vadim Belyaev founds Otkritie, a retail brokerage operating on the Moscow exchange.

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1993

ICT Group founds Otkritie Bank FC (known as NOMOS BANK until June 2014) and operates it until it merges with Otkritie in 2013.

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International credit ratings

 

Moody’s Investors Service

LT deposit rating B1
ST deposit rating NP

The Banker (for 2017)

Among Russian banks by Tier 1 capital growth 5rd
Among banks of CEE by Tier 1 capital 6th
Among top 1,000 world banks by Tier 1 capital 277st