Learn About Uralsib Bank and Its Group Companies

Author

Reads 11K

Low angle photo of a glass building
Credit: pexels.com, Low angle photo of a glass building

Uralsib Bank is a Russian bank that offers a wide range of financial services to its customers. The bank was founded in 1990 and has since grown to become one of the largest banks in Russia.

Uralsib Bank's group of companies includes several key subsidiaries. One of these is Uralsib Capital, a financial services company that provides investment and asset management services.

Uralsib Bank operates in a number of locations across Russia, including Moscow and St. Petersburg. Its network of branches and offices allows it to serve customers in many different regions of the country.

Uralsib Bank's group of companies also includes Uralsib Leasing, which provides leasing services to businesses and individuals.

Broaden your view: List of Banks in Russia

Company Overview

Uralsib is a Russian bank that has been around since 1990. It was founded by a group of entrepreneurs who wanted to create a bank that could cater to the growing needs of the Russian economy.

Uralsib has a strong presence in Russia, with over 200 branches across the country. This wide reach allows the bank to serve a large customer base.

The bank offers a range of financial services, including corporate and retail banking, as well as investment and insurance products.

Readers also liked: Home Credit & Finance Bank

History

Credit: youtube.com, Company History Video Template (Editable)

Our company has a rich history that dates back to 1985, when it was founded by a group of entrepreneurs who saw a need for innovative solutions in the industry.

The company's early years were marked by rapid growth and expansion, with a focus on developing cutting-edge technology that would revolutionize the way businesses operated.

In 1992, the company went public, raising capital to invest in new research and development initiatives.

By the mid-1990s, the company had established itself as a leader in the industry, with a reputation for delivering high-quality products and services.

The company's commitment to innovation continued throughout the 2000s, with the introduction of new products and services that further solidified its position as a market leader.

Today, the company remains dedicated to pushing the boundaries of what is possible, with a focus on harnessing the power of technology to drive business success.

Activity

At our company, activity is a top priority. We have a diverse range of projects in various stages of development, from concept to launch.

A breathtaking aerial view of Moscow cityscape featuring vibrant architecture illuminated by sunset hues.
Credit: pexels.com, A breathtaking aerial view of Moscow cityscape featuring vibrant architecture illuminated by sunset hues.

Our team is highly collaborative and works closely together to ensure seamless execution. This approach has led to the successful completion of numerous projects in the past year.

We have a strong focus on innovation, with a dedicated research and development team that explores new ideas and technologies. This has resulted in the development of several cutting-edge products.

Our company culture values creativity and encourages employees to think outside the box. This has led to the creation of several innovative solutions that have improved our products and services.

We prioritize efficiency and have implemented various processes and tools to streamline our workflows. This has enabled us to complete tasks more quickly and effectively.

Ratings and Rankings

Bank "UralSib" has received ratings and rankings from various international and national rating agencies. It was assigned a rating of "BBB-(RU)" by AKRA in July 2018, which was confirmed in 2019 and 2020, and later upgraded to "BBB(RU)" in July 2021, confirmed in 2022, then to "BBB+(RU)" in June 2023, and finally to "A-(RU)" in June 2024.

Letters forming 'Bank Loan' on a vibrant red surface, ideal for finance themes.
Credit: pexels.com, Letters forming 'Bank Loan' on a vibrant red surface, ideal for finance themes.

The rating agency "Эксперт РА" gave UralSib a rating of ruA- with a positive forecast in 2023, which was confirmed in 2024.

The bank received a rating of "BBB+" from National Credit Ratings (НКР) in February 2020, with a stable forecast. This rating was confirmed in 2021 with a positive forecast, then upgraded to "A-.ru" in August 2021 with a positive forecast, confirmed in July 2022 with a positive forecast, and finally upgraded to "A.ru" in July 2023 with a stable forecast.

International rating agencies Fitch Ratings and Moody's Investors Service also assigned ratings to UralSib, but these were withdrawn in March 2022 due to changes in their rating policies.

Here are the ratings and rankings received by UralSib from various agencies:

  • AKRA: BBB+(RU) (June 2024)
  • Эксперт РА: ruA- (2023)
  • НКР: A.ru (July 2023)

UralSib also ranked high in various rankings, including the top 25 banks by assets, top 20 banks by net income, top 15 banks by retail portfolio, and top 30 banks by corporate portfolio, according to the aggregator "Банки.ру" as of January 1, 2022.

For another approach, see: Russia Largest Banks

Bank Structure

Credit: youtube.com, Alexander Dementiev on Russian regions | URALSIB | World Finance Videos

Uralsib's bank structure is quite straightforward. The company has a single group company, BANK URALSIB.

URALSIB Capital - Financial Services OOO is part of this group, and it's a Russian company that provides brokerage services. It's based in Moscow, Russian Federation. URALSIB Capital - Financial Services OOO is also an investment bank and broker.

Broaden your view: B&N Bank

Bank Board

The Bank Board of BANK URALSIB is responsible for making key decisions that shape the bank's future.

The Chairman of the Board is Nikolai Tsvetkov, who has been in the position since December 24, 2007. He is 64 years old.

One of the other notable members of the Board is Evgeniy Vladimirovich Kogan, who serves as Chairman and is 37 years old. He took on this role on July 3, 2019.

Here is a list of the Board of Directors:

The Board of Directors has a diverse range of ages, with the oldest member being Yuri Mikhaylovich Kolochkov at 78 years old.

Group Companies

White Modern Car Parked in front of Large White Bank Building
Credit: pexels.com, White Modern Car Parked in front of Large White Bank Building

A bank's group companies play a vital role in its overall structure.

Many banks have a holding company that owns and operates the bank, as well as other subsidiaries.

For example, JPMorgan Chase has a holding company that oversees its various banking and financial businesses.

A bank's group companies can include subsidiaries, affiliates, and joint ventures.

These entities can provide specialized services or operate in specific markets, helping the bank to diversify its offerings and reduce risk.

In some cases, a bank's group companies may be involved in non-financial businesses, such as real estate or technology.

However, the bank's holding company typically maintains control over the group companies, ensuring that they operate in line with the bank's overall strategy and goals.

Regulatory Status

Uralsib is a Russian bank that has undergone significant changes in its regulatory status over the years. It was originally established as a state-owned bank in 1990.

Uralsib Bank has been a subsidiary of the National Reserve Corporation since 2012, a private investment company that acquired a majority stake in the bank.

Black and white view of the iconic Lloyd's Building showcasing modern architecture in London, England.
Credit: pexels.com, Black and white view of the iconic Lloyd's Building showcasing modern architecture in London, England.

Uralsib Bank's regulatory status was affected by the bank's significant capital shortfall in 2008, which led to a takeover by the National Reserve Corporation.

Uralsib Bank is currently regulated by the Central Bank of Russia, which has implemented various measures to strengthen the bank's capital position and improve its governance.

Uralsib Bank has received significant support from the Russian government, including a $1.4 billion bailout in 2008.

Elena Feeney-Jacobs

Junior Writer

Elena Feeney-Jacobs is a seasoned writer with a deep interest in the Australian real estate market. Her insightful articles have shed light on the operations of major real estate companies and investment trusts, providing readers with a comprehensive understanding of the industry. She has a particular focus on companies listed on the Australian Securities Exchange and those based in Sydney, offering valuable insights into the local and national economies.

Love What You Read? Stay Updated!

Join our community for insights, tips, and more.