- Rossiya Bank
Infobox_Company
company_name = Bank Rossiya
company_type = Publicjoint stock company
company_
company_slogan =
foundation = 1990
location = flagicon|RussiaSaint Petersburg ,Russia
key_people =Dmitry Lebedev , CEO
Yury Kovalchuk , Board Chairman
num_employees =
revenue =
operating_income=
net_income =
industry =Financial services
products =Financial services
parent = | subsid =
homepage = [http://www.abr.ru/ www.abr.ru]
foot_notes =
The Russia Bank (Bank Rossiya, in Russian: Акционерный коммерческий банк Россия, АКБ Россия) is a Russian joint stock bank founded onJune 27 1990 . Its headquarters are inSt. Petersburg .History
In 1990 CPSU committee of the
Leningrad Oblast became its largest shareholder (48.4%) [ [http://www.vedomosti.ru/newspaper/article.shtml?2005/03/01/88331 Anna Shcherbakova. Interview with Mikhail Klishin, Director General of the Russia Bank.]Vedomosti #35(1316),March 1 2005 . (in Russian)] , but after the coup attempt in August 1991 the bank's activity was frozen as it was CPSU-related [ [http://www.anticompromat.ru/oligarhi/ppo.html The Origin of Putin's Oligarchy] by Vladimir Pribylovsky. Ms.,October 11 2005 . (in Russian)] .In December 1991 its activity was resumed, as the shares had been redeemed by some member ventures of the Leningrad Association of Joint Ventures, shares of which were held by
Vladimir Yakunin ,Yuriy Kovalchuk ,Mikhail Markov ,Viktor Myachin , Andrei Fursenko,Sergey Fursenko ,Yury Nikolayev . [ [http://www.anticompromat.ru/oligarhi/ppo.html The Origin of Putin's Oligarchy] by Vladimir Pribylovsky. Ms.,October 11 2005 . (in Russian)]As of
January 1 2005 , its major shareholders wereYuriy Kovalchuk with 37.6%,Nikolay Shamalov with 9.7%,Dmitry Gorelov with 9.7% and theSeverstal group with 8.8%. [ [http://www.vedomosti.ru/newspaper/article.shtml?2005/03/01/88331 Anna Shcherbakova. Interview with Mikhail Klishin, Director General of the Russia Bank.]Vedomosti #35(1316),March 1 2005 . (in Russian)] [ [http://www.anticompromat.ru/oligarhi/ppo.html The Origin of Putin's Oligarchy] by Vladimir Pribylovsky. Ms.,October 11 2005 . (in Russian)]As of 2006, its major shareholders were Yuriy Kovalchuk (30.4%), Dmitry Gorelov (12.58%), Nikolay Shamalov (12.58%), JSC
Transoil CIS (9.54%), JSCSeverstal Group (7.15%), JSC Accept (3.93%), JSC Relax (3.65%), "Assistance to Business Initiatives" Non-Commercial Enterprise (3.08%),Russian Federal Property Fund (2.93%). [ [http://www.stockmap.spb.ru/company/3022/0/ The Russia Bank] , Stockmap.spb.ru]As of
April 1 2005 its assets were worth 12.2 billionruble s (ranked 68 in Russia).As ofOctober 1 2006 its assets are worth 30.2 billion rubles (ranked 44 in Russia).On
December 28 2006 ,Fitch Ratings assigned the bank negative ratings (Long Term Issuer Default rating B-, Short Term Rating B, National Long Term rating BB- (RUS) [http://www.fitchratings.com/corporate/ratings/issuer_content.cfm?issr_id=84358669] ) as a subsidiary of the bank, ABRos Investment Company, had signed a non-transparent deal aiming to buy a considerable share of theRen TV Media Holding (see below). [ [http://www.finnews.ru/cur_new.php?idnws=3792 Fitch put ratings of the Russia bank in its Rating Watch list with a negative mark] , Finnews.ru,January 9 2007 (in Russian).]Management
The head of its Board of Directors were, in order,
Vladimir Kolovay andAndrei Katkov . the current head of the Board of Directors is Yuriy Kovalchuk, who has held this position since 2004.Director General and Head of the Management Committee:
* 1993-1995:
Vitaly Savelyev
* 1995-1998:Viktor Myachin
* 1998-1999:Mikhail Markov
* 1999-2004:Viktor Myachin
* September 2004 - April 2006:Mikhail Klishin
* Since April 2006:Dmitry Lebedev On
September 24 2004 , Viktor Myachin resigned from the Director General position and Mikhail Klishin, who had been the First Deputy Director General and held a 0.197% share, was appointed acting Director General. [ [http://www.finnews.ru/cur_new.php?idnws=1468 Viktor Myachin resigned from the position of the Director General of the Russia Bank] , Finnews.ru,September 28 2004 (in Russian).]On
December 10 2004 , Mikhail Klishin was appointed Director General, as theCentral Bank of the Russian Federation had agreed to this decision. [ [http://www.finnews.ru/cur_new.php?idnws=1730 Mikhail Klishin became the Director General of the Russia Bank] , Finnews.ru,December 16 2004 (in Russian).]On
April 3 2006 , the Board of Directors appointed Dmitry Lebedev Director General and Head of the Management Committee. Mikhail Klishin (holder of a 0.159% share) was appointed First Deputy Director General. The Management Committee appointed on that day: Dmitry Lebedev, Oleg Anufriev, Alexander Germanov, Konstantin Gorbachyov, Faniya Kabalina, Mikhail Klishin, Galina Lebedeva, Alexander Markin, Oleg Filatov. [ [http://www.finnews.ru/cur_new.php?idnws=2854 Dmitry Lebedev appointed Director general of the Russia Bank] , Finnews.ru,April 5 2006 (in Russian).]On
December 26 2006 , the Board of Directors of the Bank elected its new Management Committee consisting of Dmitry Lebedev (Head, Director General), Alexander Germanov, Konstantin Gorbachyov, Faniya Kabalina, Mikhail Klishin, Alexander Markin and Boris Tikhonenko. [ [http://www.finnews.ru/cur_new.php?idnws=3800 The Board of Directors of the Russia Bank confirmed the appointment of its Management] , Finnews.ru,January 11 2007 (in Russian).]ubsidiaries
As of 2005, the bank is a shareholder of the following companies (see [http://www.stockmap.spb.ru/company/3022/0/] ):
* JSC ABRos Investment Company (100%)
* JSC Alfa Invest (100%)
* JSC ABR Trust (100%)
* JSC ABR Security Company (100%)
* JSC ZEST (100%)
* JSC Sankt-Peterburgskie Vedomosti Editorial House (20%, increased up to 35% in 2005)
* JSC newspaperSankt-Peterburgskie Vedomosti (20%, increased up to 35% in 2005 [http://www.stockmap.ru/news/055593706/] [http://www.anticompromat.ru/oligarhi/ppo.html] )
* JSC Fund for Regional Development of St. Petersburg (15%)
* JSC Center for Innovative Management (10%)
* JSC Red Chemist (7,36%)In January 2005 it turned out that ABRos, a subsidiary of the bank, and Accept, one of its shareholders, held a 49,97% share and a 13,5% share of the insurance group SOGAZ Ltd., respectively [ [http://www.vedomosti.ru/newspaper/article.shtml?2005/01/21/85958 SOGAZ sold to St. Pete] by Pavel Miledin et al.,
Vedomosti #9 (1290),January 21 2005 (in Russian, subscription required, full text freely available here: [http://www.lenpravda.ru/reading1.phtml?id=7787] ).] [http://www.rusbonds.ru/enwsinf.asp?emit=7154&nid=348117] , after a 49.979% share of the SOGAZ group had been sold by the Russian gas giantGazprom to an unnamed purchaser for 1.69 billionruble s onJuly 26 2004 [http://www.rusbonds.ru/enwsinf.asp?emit=81232&nid=314232] , and in August 2004 Gazprom had sold 26% more of SOGAZ for 879.3 million rubles. [ [http://www.vedomosti.ru/newspaper/article.shtml?2004/08/13/79597 Who sold SOGAZ?] by Pavel Miledin et al.,Vedomosti #144 (1184),August 13 2004 (in Russian, subscription required)] [http://www.rusbonds.ru/enwsinf.asp?emit=6592&nid=323985]On November 2005 ABRos Investment Company (Chairman of the Board of Directors since
September 11 2006 :Lyubov Sovershaeva ) [ [http://www.bankir.ru/news/newsline/12.09.2006/61399 The Russia bank found a top-manager in the state service] ,Kommersant (in Russian).] purchased a 37% share of thePetersburg TV and Radio Company [ [http://www.finnews.ru/cur_new.php?idnws=2517 The Russia Bank buys a considerable share of the Petersburg TV and Radio Company] , Finnews.ru,November 28 2005 (in Russian).] [ [http://www.kommersant.ru/doc.html?DocID=644830&IssueId=30004 Yesterday] ,Kommersant ,January 30 2006 (in Russian).] . Also it owns a considerable share of the Media HoldingRen TV (as of December 2006, [http://lenta.ru/news/2006/12/19/ren/] ). OnDecember 18 2006 Lyubov Sovershaeva also became the Chairman of the Board of Directors of the Ren TV Media Holding (replacingAlexey Germanovich , aSeverstal Group representative).References and notes
External links
* [http://www.moscowtimes.ru/article/600/42/368844.htm Bank Rossiya Emerges From Shadows]
The Moscow Times July 10, 2008
* [http://www.timesonline.co.uk/article/0,,13509-2199268,00.html Dynamic tycoon is close associate of Putin] by Julian Evans,The Times ,May 27 2006 .
* [http://www.kommersant.com/page.asp?idr=500&id=660929 Rossia Bank to Reach Federal Level] ,Kommersant ,March 27 2006 .
* [http://compromat.ru/main/putin/bankrossia.htm Anna Shcherbakova. Interview with Mikhail Klishin, Director general of the Russia Bank.]Vedomosti #35(1316),March 1 2005 . (in Russian)
* [http://www.anticompromat.ru/oligarhi/ppo.html The Origin of Putin's Oligarchy] by Vladimir Pribylovsky. Ms.,October 11 2005 . (in Russian)
* [http://www.abr.ru Official site] (in Russian)
* [http://www.stockmap.spb.ru/company/3022/0/ The Russia Bank] , Map of property in St. Petersburg (in Russian).
* [http://www.csr-nw.ru/content/news/default.asp?shmode=2&ids=2&ida=983 The country of opportunities. Interview with Yuriy Kovalchuk] ,Sankt-Peterburgskie Vedomosti ,July 9 2005 (in Russian).
* [http://analytics.interfax.ru/2bank.html Main Indicators of Bank Activities as of April 1, 2005]Interfax (in Russian)
* [http://analytics.interfax.ru/1bank.html Main Indicators of Bank Activities as of July 1, 2005]Interfax (in Russian)
* [http://analytics.interfax.ru/tab_bank.html Main Indicators of Bank Activities as of October 1, 2005]Interfax (in Russian)
* [http://analytics.interfax.ru/10bank.html Main Indicators of Bank Activities as of January 1, 2006.]Interfax (in Russian)
* [http://analytics.interfax.ru/14bank.html Main Indicators of Bank Activities as of April 1, 2006.]Interfax (in Russian)
* [http://analytics.interfax.ru/15bank.html Main Indicators of Bank Activities as of July 1, 2006.]Interfax (in Russian)
* [http://analytics.interfax.ru/16bank.html Main Indicators of Bank Activities as of October 1, 2006.]Interfax (in Russian)
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