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Rossiya bank

Россия
 
Name
Rossiya
Full name
JSC "Bank "Rossiya"

Ranking

on 01.10.2018
Headquarter
191124, Saint Petersburg, Rastrelli square, 2, lit. A
Banki.ru reference

Shared commercial bank Rossiya, which was registered by the State Bank of the USSR, was founded in 1990 with the participation of the Leningrad Regional Committee of the Communist Party of the Soviet Union. The bank has operated as Joint Stock Bank Rossiya since 1997. The bank has been close to the political elite not only of St. Petersburg, but of the whole country until now.

In August 2010, the takeover of Gazenergobank (see the Memory Book) was wrapped up, and its assets (including Sobinbank’s network of branches and shares) and liabilities were assigned to Bank Rossiya. It was initially announced that retail business would be rolled out on the basis of Sobinbank, but despite a government bailout the under-rehabilitation bank suffered a record loss (Rub 2.98 bln) in 2010, and news leaked in June 2011 that there were plans to fold Sobinbank into Bank Rossiya. At the end of 2011, news broke that the takeover was rolled back for several years. As of year-end 2016, in addition to Sobinbank, Bank Rossiya Group comprised leasing firm Kapital, publisher Saint Petersburg Vedomosti, Elektrocentromontazh), leasing company Zest, National Expert Group, etc.

On March 20, 2014 the United States imposed sanctions against Bank Rossiya by freezing its assets being under US jurisdiction, and also by banning the bank to strike deals in US territory or with American citizens. As a result of the actions taken by the United States, international payment systems Visa and MasterCard ceased the service of bank cards issued by Bank Rossiya.

At present, Yury Kovalchuk, former Bank Rossiya board chairman and big Russian businessman (co-owner of Sogaz Insurance Group, Tele2 Russia, National Media Group, and CTC Media), controls 42.28% of the bank’s shares directly, and also through ABR Management CJSC and a stake held by his spouse, Tatiana Kovalchuk. Gennady Timchenko, a renowned businessman who is on the Forbes List (Top 10 Russian Billionaires — 2015), and a Finnish citizen, holds 10.421% of the bank’s shares. Nikolai Shamalov controls 8.404% via ABR Management CJSC. Via Akcept LLC and Platinum LLC, Mikhail Shelomov controls in the aggregate an 8.404% stake, and a 6.001% interest is held by Ivan Mironov through Oberon Estate. Alexei Mordashov, the major owner of metals giant Severstal, controls 5.825% of the bank through Severgroup LLC. Tatiana Svitova holds 5.358% of the bank’s shares indirectly via Overpass-Invest LLC. Famous musician and entrepreneur Sergei Roldugin’s interest is 3.223%, and Relaks LLC (the beneficial owner is Svetlana Krivonogikh) owns 2.95%. Gazprom investgazifikatsia LLC owns 2.207%, and a 1.144% interest is owned by Gazprom mezhregiongaz Belgorod LLC. The remaining shares (1.94%) are distributed among minority shareholders.

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