Finservis

Finservis (Bank Finservis) is a Russian universal commercial bank that performs all types of banking operations: lending and servicing of private and corporate clients, investment banking, trade and project financing, and asset management. It was founded in 2001 as OOO KB Kompleks and renamed Bank Finservis in May 2006. The bank is headquartered in Moscow and operates through a network of branches and credit-cash offices across Russia, with a strategic focus on developing foreign economic relations and business ties with partners in CIS countries. From 2006, the bank's priority was consumer lending through offices located in large stores, particularly the Sedmoy Kontinent supermarket chain. By early 2007, the bank's network included 85 mini-offices in Sedmoy Kontinent supermarkets. Between September 2006 and February 2007, it issued 130,000 co-branded credit cards in Moscow, offering discounts on purchases at Sedmoy Kontinent. In 2007, Bank Finservis ranked 39th by volume of consumer loans in the RBC rating. In late July 2010, Sedmoy Kontinent consolidated 100% of the bank's shares, with the deal valued at 500 million rubles. From 2011, the bank began winding down its retail business, closing offices in Sedmoy Kontinent stores across several Russian regions; its Moscow mini-offices were leased by Sovcombank in 2012. In March 2013, Sedmoy Kontinent sold the bank to a group of shareholders, who began developing it as a universal credit institution. As of July 2013, after closing offices in 2011–2013, the bank had 2 divisions in Ryazan and Moscow. Self-service banking terminals were located in Moscow Oblast, Kaliningrad, and Yaroslavl. The bank's activities generated a profit of 37.28 million rubles. In September–December 2013, the bank opened credit-cash offices in Saint Petersburg, Surgut, and Salavat, and an operational office in Novomichurinsk. In 2014, it opened offices in Arkhangelsk and Orenburg, credit-cash offices in Novodvinsk and Barnaul, and an additional office in Ruza. In 2015, credit-cash offices were opened in Troitsk and Engels, and a new operating cash desk outside the cash center was opened in Ruza. The bank's assets increased by 85.7% from early 2014 to February 2015, reaching 56.8 billion rubles by early March, with capital of 5.4 billion rubles. By 2016, the bank had branches in 14 Russian cities: Moscow, Arkhangelsk, Astrakhan, Barnaul, Mozhaysk, Novodvinsk, Novomichurinsk, Novosibirsk, Orenburg, Ruza, Salavat, Saint Petersburg, Surgut, and Engels. In April 2015, Bank Finservis signed a large-scale cooperation agreement with the Interregional Partnership of Realtors (MPR) in several Russian regions. Also in 2015, it signed a cooperation agreement with the subsidiary of RusHydro's energy sales company, PAO Ryazan Energy Sales Company (PAO RESK). One of the strategic directions of the bank's internal policy is the development of foreign economic relations and strengthening business ties with partners from CIS countries. Since 2014, Bank Finservis has actively participated in syndicated loan transactions. In July 2015 and January 2016, it acted as co-organizer of two syndicated loans for Alfa-Bank (Belarus). In July 2015, Finservis acted as organizer of a syndicated loan of 203 million euros for ASB Belarusbank. In January 2016, Finservis was lead organizer and participating bank in a syndicated loan of 225 million euros and 22 million US dollars provided to ASB Belarusbank. In May and November 2015, Bank Finservis was one of the creditors of the Development Bank of the Republic of Belarus. On March 29, 2016, a syndicated loan agreement was signed between several Russian and international financial organizations and OAO Belagroprombank; Bank Finservis became one of the participants with a share of 10 million euros. On August 31, 2016, AO Bank Finservis received license No. 22-000-0-00120 to operate as a specialized depositary for investment funds, mutual investment funds, and non-state pension funds.

Bank Finservis was established in 2001 as OOO KB Kompleks. In May 2006, it was renamed OOO Bank Finservis, in 2008 it became OAO Bank Finservis, and in January 2015 it was reorganized as AO Bank Finservis. From 2006, the bank's priority was consumer lending through offices in large stores, particularly the Sedmoy Kontinent supermarket chain. By early 2007, the bank's network included 85 mini-offices in Sedmoy Kontinent supermarkets. Between September 2006 and February 2007, the bank issued 130,000 co-branded credit cards in Moscow, offering discounts on purchases at Sedmoy Kontinent. In 2007, Bank Finservis ranked 39th by volume of consumer loans in the RBC rating. Until mid-2010, the main shareholders were Sobibank (49%) and the Sedmoy Kontinent retail chain (25.5%), with the remaining stake held by individuals. In late July 2010, OAO Sedmoy Kontinent consolidated 100% of Bank Finservis shares, with the deal valued at 500 million rubles. From 2011, the bank began winding down its retail business, closing offices in Sedmoy Kontinent stores across several Russian regions; its Moscow mini-offices were leased by Sovcombank in 2012. In March 2013, Sedmoy Kontinent sold the bank to a group of new shareholders, who began developing it as a universal credit institution. As of July 2013, after closing offices in 2011–2013, the bank had 2 divisions in Ryazan and Moscow. Self-service banking terminals were located in Moscow Oblast, Kaliningrad, and Yaroslavl. The bank's activities generated a profit of 37.28 million rubles. In September–December 2013, the bank opened credit-cash offices in Saint Petersburg, Surgut, and Salavat, and an operational office in Novomichurinsk. In 2014, it opened offices in Arkhangelsk and Orenburg, credit-cash offices in Novodvinsk and Barnaul, and an additional office in Ruza. In 2015, credit-cash offices were opened in Troitsk and Engels, and a new operating cash desk outside the cash center was opened in Ruza. The bank's assets increased by 85.7% from early 2014 to February 2015, reaching 56.8 billion rubles by early March, with capital of 5.4 billion rubles. By 2016, the bank had branches in 14 Russian cities: Moscow, Arkhangelsk, Astrakhan, Barnaul, Mozhaysk, Novodvinsk, Novomichurinsk, Novosibirsk, Orenburg, Ruza, Salavat, Saint Petersburg, Surgut, and Engels. In April 2015, Bank Finservis signed a large-scale cooperation agreement with the Interregional Partnership of Realtors (MPR) in several Russian regions. Also in 2015, it signed a cooperation agreement with the subsidiary of RusHydro's energy sales company, PAO Ryazan Energy Sales Company (PAO RESK). One of the strategic directions of the bank's internal policy is the development of foreign economic relations and strengthening business ties with partners from CIS countries. Since 2014, Bank Finservis has actively participated in syndicated loan transactions. In July 2015 and January 2016, it acted as co-organizer of two syndicated loans for Alfa-Bank (Belarus). In July 2015, Finservis acted as organizer of a syndicated loan of 203 million euros for ASB Belarusbank. In January 2016, Finservis was lead organizer and participating bank in a syndicated loan of 225 million euros and 22 million US dollars provided to ASB Belarusbank. In May and November 2015, Bank Finservis was one of the creditors of the Development Bank of the Republic of Belarus. On March 29, 2016, a syndicated loan agreement was signed between several Russian and international financial organizations and OAO Belagroprombank; Bank Finservis became one of the participants with a share of 10 million euros. On August 31, 2016, AO Bank Finservis received license No. 22-000-0-00120 to operate as a specialized depositary for investment funds, mutual investment funds, and non-state pension funds. On January 31, 2017, AO Bank Finservis placed an additional issue of shares by private subscription worth 500 million rubles. As a result of the emission, the bank's charter capital increased from 2 to 2.5 billion rubles. The bank's main shareholders include OOO Stroy-Treyd Group (19.43%), OOO Sevinvest (11.29%), OOO Overpas-Invest (7.63%), Vladimir Eduardovich Kartashyan and Alexey Alexandrovich Mityushov (11.29% each), and Natalia Petrovna Konovalenko (9.94%). The chairman of the bank's management board, Dimitriy Konstantinovich Kopyrin, holds 8.57%, and the chairman of the board of directors, Mikhail Yuryevich Botvinkin, holds 24%. A new shareholder that appeared in 2018, OOO Stroy-Treyd Group, specializes in the construction and dismantling of engineering communications. The bank has received ratings from Expert RA: B++ in 2008, withdrawn in 2009, and resumed in 2017 at ruBBB+.

• 2017

  Additional share issue of 500 million rubles; charter capital increased to 2.5 billion rubles

• 2016

  Received specialized depositary license No. 22-000-0-00120

• 2015

  Renamed to AO Bank Finservis

• 2013

  Sold to a group of new shareholders

• 2010

  Sedmoy Kontinent consolidated 100% of shares for 500 million rubles

• 2008

  Renamed to OAO Bank Finservis

• 2006

  Renamed to OOO Bank Finservis

• 2001

  Founded as OOO KB Kompleks

Universal commercial bank with a focus on retail and corporate banking, investment services, and international cooperation with CIS countries.

• Consumer loans

• Co-branded credit cards

• Corporate lending

• Trade finance

• Project finance

• Syndicated loans

• Asset management

• Specialized depositary services

1. 1Wikidata: Finserviswikidata.org
2. 2Wikipedia (Russian): Финсервисru.wikipedia.org