universal bank
A universal bank participates in many kinds of banking activities and is both a commercial bank and an investment bank as well as providing other financial services such as insurance.Forbes Russia, Rosbank was the third most reliable Russian bank in 2021.
Legally, Rosbank is registered as a
public joint-stock company
A joint-stock company is a business entity in which shares of the company's capital stock, stock can be bought and sold by shareholders. Each shareholder owns company stock in proportion, evidenced by their share (finance), shares (certificates ...
(PJSC) and headquartered in Moscow. On 1 July 2011 Rosbank merged with another Russian subsidiary of
Société Générale
Société Générale S.A. (), colloquially known in English as SocGen (), is a French-based multinational financial services company founded in 1864, registered in downtown Paris and headquartered nearby in La Défense.
Société Générale ...
Interros
Interros is a Russian conglomerate controlled by Russian oligarch Vladimir Potanin with large stakes in mining, metals, energy, finance, retail, real estate and other sectors. The company's headquarters are located in Moscow.
Origins
The compan ...
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
Interros is a Russian conglomerate controlled by Russian oligarch Vladimir Potanin with large stakes in mining, metals, energy, finance, retail, real estate and other sectors. The company's headquarters are located in Moscow.
Origins
The compan ...
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).
On 21 November 2000, the
Vladimir Potanin
Vladimir Olegovich Potanin (russian: Владимир Олегович Потанин; born 3 January 1961) is a Russian billionaire businessman. He acquired his wealth notably through the controversial loans-for-shares program in Russia in ...
and
Mikhail Prokhorov
Mikhail Dmitrievich Prokhorov ( rus, Михаил Дмитриевич Прохоров, p=mʲɪxɐˈil ˈdmʲitrʲɪjɪvʲɪtɕ ˈproxərəf; born 3 May 1965) is a Russian-Israeli oligarch, politician, and former owner of the Brooklyn Nets. I ...
associated bank ONEKSIMbank (russian: "ОНЭКСИМ-банк") (akas: Uneximbank; Onexim Bank; Oneksimbank) merged with Rosbank.
In 2006 Société Générale 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 Société Générale 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 2019, DeltaCredit mortgage bank ceased to be an independent bank and became part of Rosbank as a division called "Rosbank Home" (Росбанк Дом). 1 March 2021 in the Rosbank was included Rusfinance, the Russian leader in the car loan segment. It turned into a division of Rosbank under the name "Rosbank Auto".
Resale to Interros
In the spring of 2022, Société Générale decided to leave the Russian market due to the international sanctions following the 2022 Russian invasion of Ukraine. On 18 May, the deal on the sale of Rosbank to the Interros group was closed. The amount of the transaction was estimated at 0.2-0.3 of the bank's capital (40-60 billion rubles).
In September 2022, Interros owner Vladimir Potanin announced his intention to transfer 50% of Rosbank's shares to his own charitable foundation. Another 7.5% of the shares were sold to a subsidiary of Rosbank - the investment company Rusfinance. It is assumed that these shares will be indirectly used to motivate Rosbank employees within the framework of Potanin's concept of "people's capitalism".
Shareholders
Until May 2022, Société Générale was the owner of 99.4867% stake, after which they were sold back to Interros. In the fall of 2022, Potanin announced the transfer of 50% of the shares to Charitable Foundation of Vladimir Potanin. Another 7.5% were sold to Rusfinance.
On 15 December 2022, the
US Treasury
The Department of the Treasury (USDT) is the national treasury and finance department of the federal government of the United States, where it serves as an executive department. The department oversees the Bureau of Engraving and Printing and th ...
added Potanin and Rosbank to its sanction list.
Regional network
In order to coordinate the bank's regional network, the management is organized as follows:
*
Head office
Headquarters (commonly referred to as HQ) denotes the location where most, if not all, of the important functions of an organization are coordinated. In the United States, the corporate headquarters represents the entity at the center or the top ...
in Moscow
* Seven regional branches (Moscow,
Saint Petersburg
Saint Petersburg ( rus, links=no, Санкт-Петербург, a=Ru-Sankt Peterburg Leningrad Petrograd Piter.ogg, r=Sankt-Peterburg, p=ˈsankt pʲɪtʲɪrˈburk), formerly known as Petrograd (1914–1924) and later Leningrad (1924–1991), i ...
,
Nizhny Novgorod
Nizhny Novgorod ( ; rus, links=no, Нижний Новгород, a=Ru-Nizhny Novgorod.ogg, p=ˈnʲiʐnʲɪj ˈnovɡərət ), colloquially shortened to Nizhny, from the 13th to the 17th century Novgorod of the Lower Land, formerly known as Gork ...
,
Yekaterinburg
Yekaterinburg ( ; rus, Екатеринбург, p=jɪkətʲɪrʲɪnˈburk), alternatively romanized as Ekaterinburg and formerly known as Sverdlovsk ( rus, Свердло́вск, , svʲɪrˈdlofsk, 1924–1991), is a city and the administra ...
,
Rostov-on-Don
Rostov-on-Don ( rus, Ростов-на-Дону, r=Rostov-na-Donu, p=rɐˈstof nə dɐˈnu) is a port city and the administrative centre of Rostov Oblast and the Southern Federal District of Russia. It lies in the southeastern part of the East Eu ...
,
Krasnoyarsk
Krasnoyarsk ( ; rus, Красноя́рск, a=Ru-Красноярск2.ogg, p=krəsnɐˈjarsk) (in semantic translation - Red Ravine City) is the largest city and administrative center of Krasnoyarsk Krai, Russia. It is situated along the Yeni ...
,
Vladivostok
Vladivostok ( rus, Владивосто́к, a=Владивосток.ogg, p=vɫədʲɪvɐˈstok) is the largest city and the administrative center of Primorsky Krai, Russia. The city is located around the Zolotoy Rog, Golden Horn Bay on the Sea ...
,)
* Operational offices
See also
*
Interros
Interros is a Russian conglomerate controlled by Russian oligarch Vladimir Potanin with large stakes in mining, metals, energy, finance, retail, real estate and other sectors. The company's headquarters are located in Moscow.
Origins
The compan ...
*
Vladimir Potanin
Vladimir Olegovich Potanin (russian: Владимир Олегович Потанин; born 3 January 1961) is a Russian billionaire businessman. He acquired his wealth notably through the controversial loans-for-shares program in Russia in ...