The first Russian state institution of a bank nature was established by Peter I to mint coins. This office later proceeded to offer banking services and even loans on securities such as gold and silver at an amount not exceeding 75% of their total cost and at the rate of 8% per annum with the right to postpone payment for 3 years. While these services existed, only courts enjoyed money changing services for many years before the services were offered to the greater public.
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History
The Bank was founded in 1994 by a group of Russian and foreign companies and aimed at creating a reliable financial institution oriented to offer a wide range of modern banking services when executing its activities.
For the last 15 years of professional activity, the development strategy of the Bank has been formed and is now focusing on working with corporative clients, directors and business owners using particular methods of cooperation with different clients with the main emphasis of creating an environment of confidence and partnership.
The bank is involved in a range of activities besides its standard banking services,(crediting of legal and private persons, settlement and cash services, transactions in currency and equity market) and includes a variety of unique products and developments which are based on client preferences and tasks. These include:
• services of a personal attorney;
• programs for active management of payments;
• A treasury program for its clients with the purpose of settlement and investment of financial subsystem of corporations;
• preparation and arrangement of contract papers and clients bond loans;
• financial and tax consultation
While taking into consideration individual working system of its corporate clients, owners and top executives of client organizations, the bank staff creates efficient financial projects which are targeted at development of enterprises, re-equipment of production and improvement of complex mechanism of the main business process. The bank relies upon its own experience and the experience of its partners which include the largest Russian and international underwriting, auditing, consulting and leasing companies, the Bank offers competent, professional assistance to its corporate client. The banks client base consists of a large and medium industrial holdings and coal enterprises, metallurgy, chemical, transport and construction industries as well as telecommunication companies, trade and entertainment enterprises.
The Bank is not limited to the framework of industries and successfully cooperates with the clients from other economic sectors, diversifying its client base.
The Bank also continuously pays special attention to improving the workingp rodcedures of private banking that are key to developing good approaches to client policy.The Bank offers to VIP clients first-class banking services based on the principles of confidentiality and maximum consideration of the clients' wishes.
The Bank seeks to satisfy the demands of its clients to the maximum extent. It offers personal managers who develop individual plans per VIP-client, continuously consulting with the client regarding banking and legal issues as well as income and property taxation questions.
When seeking to satisfy demands of VIP-clients to the maximum extent, the Bank introduces exclusive services actively. Personal manager develops individual schemes of VIP-client servicing, consults regarding banking and legal issues as well as income and property taxation questions. New programs of financial servicing for VIP-clients have been developed in the Bank that allow optimal placing the free cash into high-yielding instruments.
Each year the Bank reaffirms its status as a developed commercial bank by demonstrating and highlighting its dynamic growth in the financial performance measures.
In order to efficiently provide clients and partners with teh Bank's services, the Bank maintains and actively develops business relations with the banks of Moscow and other regions, including but not limited to Russia, the USA, Austria, Germany, Switzerland, Ukraine and Kazakhstan.The Bank is an active participant in the inter-bank market and is included in the main professional banking unions and special systems.
Clients always have the opportunity to communicate and solve problems jointly with the directors and lead managers of the Bank.
Main events
2008
The Department for Small and Medium Business Crediting was opened within the Bank with the purpose to develop and diversify business.
2007
The Bank was reorganized from the Limited Liability Company into Closed Joint-Stock Company, and on February 21, the record of the Commercial Bank RIB CJSC was entered into the Uniform State Register of Legal Entities and under license # 3123 to conduct banking transactions with funds in rubles and foreign currency of legal entities and natural persons (in connection to reorganization).
Bonds of the Bank are listed in the leading Russian trading floor –Moscow Stock Exchange, Moscow Interbank Currency Exchange and is in the Stock Exchange's top list of trading securities “À” of the first level.
Most clients of the Bank have started using the internet trading system QUIK. A new and updated version of the Remote Banking Service System BS-Client v.3 was introduced and now successfully operates, enabling the provision of a wide range of banking services outside the banks premises.
2 general funds of banking management were registered: RIB – Conservative Investments and RIB - Investments into Future.
In 2007, the Bank became an affiliated member of the payment system MasterCard Worldwide.
2006
The Bank's authorized bank capital totalled 1 billion 200 million rubles. The Bank started cooperating with OJSC National Credit Reference Bureau. The Bank obtained a license of stock intermediary conducting commodity future and option transactions in exchange trade # 887 and as substitution, it obtained the licenses of the Federal Service for Financial Markets of professional participant of the securities market to transact brokerage, depositary, dealer business and administration of securities.
In April, the first bonded loan of the Bank was issued and placed in the amount of 1 billion rubles.
The Bank started cooperating with International Auditor regarding international financial reporting standards – International Auditing Company CJSC Deloitte and Touche CIS.
In November, International Agency Moody`s Investors Service assigned the Bank B3 and NP rating as per long-term and short-term deposits in foreign and national currency as well as the rating of E+ regarding financial stability. Forecast regarding all ratings on international scale is considered to be “stable”. Currently, Moody's Interfax Rating Agency assigned the Bank Baa2.ru rating on long-term crediting on a national scale.
The Bank acquired a new modern building in Ul. Prechistenka, building 36, block 1. and consequently moved into it while the office in Kutuzovskiy P. continues to operate as an additional office of the Bank.
2005
Authorized capital of the Bank totalled 590 million rubles. The Bank showed rapid dynamic development which was evidently covered in the rating by Expert magazine where it was ranked 4th which banks in growth dynamics of equity capital and 8th on growth dynamics of assets for the first half year of 2005. Financial condition of the Bank is characterized by high figures of capital adequacy ratio accepted in the international practice as one of the basic reliability factors of credit institutions. As of November 01, 2005, this factor totals 13.8 % (the rate being 8 % more than recommended by Basle Agreement).
In September 2005, the Bank became a member of National Securities Market Association.
In November, a prospectus of own corporate bonds was registered publicly by the Central Bank of the Russian Federation.
2004
The Bank celebrated its 10-anniversary as an establishment.
The Bank became a member of the SWIFT system and was included into the register of participating banks regarding deposit obligatory insurance scheme # 356. The Bank developed new credit products considered particulars of production, construction and trade activity of enterprise. The Bank also introduced a trust capital management service, creates system of products sales such as insurance, consulting, leasing and audit.
The Bank proceeded to develop brokerage operations in the securities market and at the year-end it became a member of the Moscow Interbank Currency Exchange.
At the turn of the year, the Investment Department opened within the Bank in order to develop investment activity.
2003
The Bank obtained the licenses of Federal Service for Financial Markets as the professional participant of the securities market to transact brokerage, depositary, dealer business and administration of securities.
According to Expert magazine (# 46 dated December 08, 2003) the Bank is included into the 200 largest banks of Russia regarding assets aggregate and as of October 01, 2003 the Bank ranked 120th. Efficiency of the Bank when cooperating with corporate clients was considered to rank 18th regarding value of outside deposits of corporate clients.
2002
According to Expert magazine (# 34 dated September 16, 2002) the Bank is included into 200 largest banks of Russia regarding assets aggregated and ranks 170.
2001
Authorized capital of the Bank totalled 300 million rubles. The Bank became a member of the international payment system VISA International.
2000
Authorized capital of the Bank totalled 132 million rubles. According to Expert magazine (# 46 dated December 04, 2000) the Bank is included into 30 largest Russian banks – leaders regarding assets dynamics in 2000 and ranks 10th regarding rate of growth. International dealing network Reuters Dealing is installed in the Bank.
1999
Form of incorporation of the Bank was adjusted for Federal Law On Limited Liability Companies # 14-FL dated February 08, 1998 by resolution of the general meeting of shareholders and was determined as a Limited Liability Company. Authorized capital of the Bank totalled 30 million rubles. On May 31, the Bank received the license to conduct banking transactions with funds in rubles and foreign currency of legal entities and natural persons issued as substitution in connection the constitutive documents of the Bank were brought into accordance with applicable legislation (it became inoperative on February 21, 2007 in connection with reorganization).
The Bank became a member of the National Currency Association.
1998
In November 1998, the Bank became a member of the Currency Market Section of Moscow Interbank Currency Exchange and participated in electronic lot trading SELT.
1996
1995
The Bank became a member of the Russian Bank Association and Moscow Bank Union.
1994
The Bank was established by resolution of promoters in form of the Limited Liability Company with authorized capital of 5 million rubles (equivalent of 1 million US dollars). The Bank is registered by the Central Bank of the Russian Federation # 3123 and entered into the Municipal Register of Companies of Moscow city (Certificate of Moscow Chamber of Registration # 034.599).
