Bank Primorie is one of the biggest banks in the Primorie region by primary indicators, but mid-sized by Russian standards. Its key areas of business are corporate lending and operations with debt securities of Russian issuers. Noteworthy is a fairly good diversification of the banks resource base by financial instruments.
Bank Primorie was established in the Primorie region in 1994. At different periods the banks shareholders were such companies as Dalenergo, Primoravtotrans, Vladivostok Distillery, the Railroad Ministry, Electrosvyaz of the Primorie region, Joint Stock Commercial Bank International Financial Corporation, Oneximbank, Rosbank, etc.
At present, the banks largest shareholder is drama theatre actress Larisa Belobrova (63.18%), an 11.46% stake is in the hands of Anchor Worldwide Limited (its beneficial owner is South Korean citizen Son Yeunhwa), Olga, spouse of the former deputy governor of the Primorie region and Roliz vice president Alexander Linetsky, holds 6.25%.
Apart fr om a standard package of banking services households are offered American Express travelers cheques. Besides, taking into account the lending institutions location, The bank operates 16 sales and customer service offices where it serves around 7,000 corporate and roughly 200,000 private customers. The lenders average headcount is 730 people. The bank issued 1.3 mln plastic cards (including under over 740 payroll projects), with over 100 own ATMs being at the service of cardholders.
The credit portfolio (where loans issued to trade, leasing, production and construction companies prevail) forms 36% of net assets. Also, 50% of the assets are invested in debt obligations of Russian issuers and also government and municipal bonds. Funds on accounts and deposits of households form 28% of liabilities, other 31% fall to deposits and balances held on settlement accounts of Russian companies. Also, 19% of liabilities were raised on the inter-bank lending market wh ere Bank Primorie is a borrower. According to its RAS financial statement, in 2010 the bank earned net profit of Rub 383.8 mln (the lenders net profit totaled Rub 110.4 mln in 2009).
As of May 1, 2011 Bank Primorie ranked second among 7 lending institutions registered in the Primorie region by net assets and equity capital, and also third by the credit portfolio and obligations to households.
The Board of Directors: Sergei Bogdan (chairman), Victor Belkin, Sergei Peredry, Savely Ponomarenko, Margarita Izhokina, Ludmila Votintceva and Svetlana.
The Management Board: Irina Kochubei (chairman), Andrey Bagaev, Natalia Makarova, Denis Kozhaev, Alexandr Maximov. Hide