Understanding Rosbank Business and Market

Rosbank is a major Russian bank that has been around for over 100 years, having been founded in 1924. It's a subsidiary of the French bank Societe Generale.

As one of the largest banks in Russia, Rosbank has a significant presence in the country's financial market. It operates over 130 branches and has a large customer base.

Rosbank's business model focuses on corporate banking, private banking, and retail banking. Its corporate banking services cater to large corporations and small businesses.

Take a look at this: The Nomura Trust & Banking Co.

Rosbank was founded in 1993 under the name of AKB Nezavisimost (Independence), and its legal status has evolved several times since then.

The bank's name changed to Joint Commercial Bank (JCB) "Rosbank" in 1998 after being acquired by the Interros holding company.

Rosbank's legal status changed to Open Joint Stock Company (OJSC) in 1999.

A significant merger took place on November 21, 2000, when ONEKSIM bank merged with Rosbank.

Société Générale acquired 20% of Rosbank in 2006, with an option to purchase an additional 30% +2 shares for $1.7 billion by the end of 2008.

This option was exercised in February 2008, marking a significant development in Rosbank's history.

A different take: 2008 Société Générale Trading Loss

Rosbank's ownership has undergone significant changes in recent years. Société Générale owned 99.4867% of the bank until May 2022.

The bank was sold back to Interros, a Russian conglomerate, in the spring of 2022. This sale was a result of Société Générale's decision to leave the Russian market due to international sanctions following the 2022 Russian invasion of Ukraine.

The sale was closed on May 18, 2022, with an estimated transaction amount of 40-60 billion rubles, which is 0.2-0.3 of the bank's capital.

Vladimir Potanin, the owner of Interros, announced his intention to transfer 50% of Rosbank's shares to his charitable foundation in September 2022. He also sold 7.5% of the shares to Rusfinance, a subsidiary of Rosbank.

Here's a breakdown of the current ownership structure:

Rosbank's network is designed to support its regional operations. The bank's management is organized to facilitate coordination across its regional network.

The head office is located in Moscow, which serves as the central hub for the bank's operations. This is where key decisions are made and strategies are developed.

Seven regional branches are spread across the country, each with its own unique characteristics and market dynamics. These branches are located in Moscow, Saint Petersburg, Nizhny Novgorod, Yekaterinburg, Rostov-on-Don, Krasnoyarsk, and Vladivostok.

In addition to these regional branches, Rosbank also has operational offices that support the day-to-day activities of the bank.

Rosbank is a financial institution that provides a wide range of banking services, including retail banking, corporate banking, and services for small and medium-sized enterprises.

Its main activities encompass lending, leasing, cash management, deposits, bank cards, payroll services, and documentary operations. The bank serves retail clients, small businesses, and corporate clients across various industries.

Rosbank operates through a network of branches and ATMs, including those of partner networks, to facilitate its services.

On a similar theme: Banking Russia

Rosbank PAO is a financial institution that provides a wide range of banking services. Its main activities include retail banking, corporate banking, and services for small and medium-sized enterprises (SMEs).

Rosbank serves retail clients, small businesses, and corporate clients across various industries. The bank operates through a network of branches and ATMs, including those of partner networks.

Rosbank's geographic presence is in various regions in Russia, targeting both residents and non-residents. It's headquartered in Moscow, Russia.

The bank's major products and services encompass lending, leasing, cash management, deposits, bank cards, payroll services, and documentary operations.

A different take: List of Banks in Russia

Rosbank PAO's ICT spend provides valuable insights into their digital strategy. IT Client Prospector offers intelligence on their likely spend across technology areas, helping you understand their priorities.

Rosbank PAO likely allocates resources to various technology areas. This enables them to stay competitive in the market and meet their business needs.

Understanding Rosbank PAO's ICT spend and priorities is crucial for making informed decisions. It helps you identify areas where they may need support or where you can collaborate to achieve common goals.

Their likely spend across technology areas is a key indicator of their digital strategy. This information can be used to tailor your approach and maximize the impact of your efforts.

Rosbank operates in a competitive market, with several other banks vying for market share. Rosbank is headquartered in Moscow, Russia, and is a private entity.

Sberbank Rossii, another major Russian bank, has a significant presence in the market. It has a massive workforce of 287,866 employees, making it one of the largest employers in the industry. Sberbank Rossii is a public entity and is also headquartered in Moscow.

VTB Bank is another significant player in the market, with a workforce of 97,000 employees. It is a public entity and is also headquartered in Moscow. Gazprombank and Bank Rossiya are also major players in the market, with Gazprombank being headquartered in Moscow City and Bank Rossiya being headquartered in Saint-Petersburg City.

Here's a comparison of the key parameters of these banks:

Rosbank has faced significant sanctions in recent times.

The European Union adopted sanctions against the bank in its 10th package in February 2023.

Canada also imposed sanctions on Rosbank on August 22, 2023, for its association with the Putin regime.