Commercial Joint Stock Bank Viking is a small regional bank that is controlled by the family of Saint Petersburg banker and entrepreneur Alexey Ustaev. The bank has a narrow business focus, key areas are credits and services provided to commercial businesses.
This Saint Petersburg-based lender can be called the first Russian commercial bank: in 1988 the lending institution received a general license (No. 2) fr om the State Bank of the USSR as Cooperative Bank Patent (No. 1 license is known to have been provided to International Moscow Bank, now UniCredit Bank, half of whose shares are in the hands of foreign investors). Bank Patent was transformed into a joint stock company in 1991 and renamed in Vikingbank in 1994. In 1997 its corporate name was changed to more laconic (Bank Viking).
At present, the lender has 43 shareholders. Largest stakes are held by Joint Venture Viking (16.077%, with Galina Ustaeva being its beneficial owner), Joint Venture Union (15.52%), lim ited liability company Viking (7.6%, its beneficial owners are Galina Ustaeva and Alisa Roshchina), Aida, Alexey and Galina Ustaevs (12.23, 9.73 and 5.42%, respectively) and Alexandra Proshunina (5.9%).
All divisions of Bank Viking are based in Saint Petersburg (the head office and 8 additional offices). The lenders average headcount is 127 people. The lending institutions customers are textile concerns, hotel operators, wholesale and retail firms, city pawn office operators. The banks customers are friendly businesses Bolshoy Gostiny Dvor, Hotel Oktyabskaya and Hotel Saint Petersburg, motel camping Olgino, Nevskaya Manufaktura, Saint Petersburg City Lombard, trading house Nevsky, Spetsgidroenergomontazh, etc.
The list of the services rendered by the bank includes corporate and household lending, cash settlement services, deposits, bank guarantees, financing of export and import operations, online banking (its own online banking system Viking Internet Payment System), cash collection services, wire transfers (Contact, Western Union, Blizko, Coinstar, Lider and Golden Crown), plastic cards, etc.
The lenders balance sheet structure is poorly diversified. 90% of the assets fall to credits provided to commercial businesses, with over half of which were issued for more than 3 years. Non-performing loans account for slightly more than 8% of total credits issued. The core of the lenders liabilities includes own funds (63%), balances held on settlement and deposit accounts of corporate customers (18%) and private deposits (12%). The bank executes sporadic operations with modest volumes on the inter-bank lending market. In January-September 2010 the lending institution earned Rub 24.15 mln net profit (the banks net profit totaled Rub 23.46 mln a year earlier).
As of November 1, 2010 Bank Viking with net assets equal to Rub 1.4 bln ranked 615th among Russian lending institutions, next to Dom-Bank and Bank Future.
The Board of Directors: Victor Khalansky (chairman), Alexey Ustaev, Galina Ustaeva, Anna Lutsenkova and Alexandra Proshunina.
The Management Board: Alexey Ustaev (chairman), Alexander Zaozersky, Yury Muntyan, Andrey Petelin and Ekaterina Zimina. Hide