Rosbank

Rosbank (Russian: Росбанк) is a Russian universal bank whose majority shareholder is the international financial group Société Générale. As of December 2014, Rosbank's assets are the 12th among Russian banks.[4]

Rosbank
Public
Traded asMCX: ROSB
ISINRU000A0HHK26 
Founded1993
HeadquartersMoscow, Russia
ProductsFinancial Services
Revenue94,838,000,000 Russian ruble[1] (2017) 
Number of employees
12,500[2] (1 January 2015) 
ParentSociété Générale
RatingBa2 (Moody's), BBB- (Fitch) (2017)[3]
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).

In 2003 Rosbank acquired “OVK” banking group, having considerably enlarged the bank network. The cost of deal was US$200 million.

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 2011 Rosbank merged with BSGV. The joint bank has kept the name “Rosbank”, well known to the clients. The new bank's logo is red-and-black square with a white stripe – the symbol used by the Group in all countries of its presence. “Societe Generale Group” endorsement line also refers to the belonging to the group.

In 2011 Rosbank launched a rebranding program to be finalized in 2013. The replacement of outlet signage started in autumn 2011 accompanied by an advertising campaign to support the new brand. On 9 August 2011 the first outlet designed according to the new corporate style was opened.

The new bank's website was launched: the website was constructed with the idea to present the information in the most comfortable way for the client. The site was designed in compliance with the new corporate style of the unified Rosbank.

In October 2011 all outlets and ATMs have been unified to provide clients with the same conditions and functionalities. Rosbank own network of ATMs amounted 3 000 machines. The partnerships with other banks in order to enlarge the ATM network were extended. Rosbank is a member of the Unified Operations System (ORS), which gives the possibility to its clients to use most of the banking terminals present in Russia (terminals working with ORS system, certainly labeled) without additional fees.

On 2 May 2012 an agreement between Rosbank and Alfa-bank was signed to unite both ATM networks. The similar agreement was signed with Raiffeisen Bank and from 1 December 2012 the ATMs of both banks are available to withdrawal operations without additional fees. Customers can also get the information about the card balance and pay for housing and public services. Thus, the number of ATMs available for Rosbank clients reached 21 000 machines.

Shareholders

With a 99.4867% stake, Société Générale is the majority shareholder.

Leaders
  • Didier Hauguel, chairman of the board of directors and a member of the management board of Société Générale
  • Ilya Polyakov, CEO and chairman of the management board

Activity

Rosbank is a universal bank and subsidiary of Société Générale. It provides all types of services to individual and corporate customers. Rosbank serves more than 3 300 000 individual clients, about 100,000 corporate clients. Rosbank enters the list of the most reliable banks according to Forbes rating in 2015. The bank occupied first position in the list of the most expensive brands among financial institutions with foreign capital (Brand Finance, 2015). Rosbank awarded by National Banking Award of Russian Banker's Association in nomination "Contribution for the development of banking services" in December, 2014.

Regional network

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

The bank's regional network consists of more than 550 outlets, around 3000 ATMs in 332 cities and towns across the country.

See also

References
  1. "Рейтинг крупнейших компаний России по объему реализации продукции". Expert RA. Archived from the original on 28 October 2018. Retrieved 28 October 2018.
  2. http://www.rosbank.ru/files/about/disclosure/2014/Rosbank_RAS_Publ_FS_13-r.pdf; archive date: 24 September 2015; archive URL: https://web.archive.org/web/20150924092043/http://www.rosbank.ru/files/about/disclosure/2014/Rosbank_RAS_Publ_FS_13-r.pdf.
  3. "Рейтинг банков - 2017 (таблица)". Forbes.ru. 23 March 2017. Retrieved 1 May 2017.
  4. "TOP Banks in Russia 2011, ranked by total assets". www.BanksDaily.com. Retrieved 11 December 2017.
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