Probusinessbank is the General Sponsor of the First Session of the Russian Economic and Financial Forum in Germany.
Probusiness Banking Group's main objective is profitable growth through its strategies in the key customer segments: corporate (mid-corporates), SMEs and retail. The main benchmark used by the Group to measure its success is its return on assets. The Group's goal is to outperform the majority of domestic competitors through this indicator.
Over the next 5 years Probusiness Banking Group intends to continue its expansion in the Russian banking sector and aims for average asset growth of 1.5 – 2 times higher than the average assets growth in the banking sector). Probusiness Banking Group aims to achieve this through a combination of organic growth in its key customer segments (namely mid-tier corporate, SMEs and retail – the Key Customer Segments) in its regions of presence and through the acquisition of up to six regional banks (with total assets of between U.S.$1 billion and U.S.$1.5 billion).
At the end of this five-year period, Probusiness Banking Group aims to have developed into a multi-regional banking group with total assets of approximately U.S.$ 3.5 billion, dominating in the key segments in the regions of presence.
The group has an original approach towards management of the acquired banks which envisages that:
-Acquired banks continue to be independent legal entities and to operate under their original brands. It is more common in the Russian banking market for acquired banks to be assimilated into the brand of the acquiring parent. By maintaining the brand of the acquired banks, Probusiness Banking Group believes that the acquired banks will continue to be perceived as local banks in their regions of operation and that this will allow the Probusiness Banking to maintain and benefit from existing brand loyalty attaching to such banks.
-The cost base of the acquired banks is reduced in relative terms as standardised support functions (such as telephone banking and IT) are centralised within the Probusiness Banking Group. At the same time, the Probusiness Banking Group aims to ensure that credit and management decisions are taken at a level as close to the regional business as possible through local credit committees and management operating within the framework of Probusiness Banking Group's overall policy.
-The acquired banks expand their presence in the Key Customer Segments through combining their regional knowledge and established customer base with Probusiness Banking Group's established know-how and innovative approach to providing creative solutions and new products for corporate clients, SMEs and private individuals.
The following institutions became Sponsors of the First Session of the Russian Economic and Financial Forum in Germany:
The Foreign Economic Industrial Bank is established as a universal financial institution providing a wide range of banking services for legal entities and individuals:
- cash payment services in roubles and foreign currencies;
- international payments in foreign currencies;
- guarantee operations, collections and letters of credit;
- conversion operations;
- securities operations;
- Western Union, Migom transfers;
- Visa and Eurocard / Mastercard plastic cards.
Being a founder of Industrial Leasing Companic (Limited Liability Company), Industrial Consulting Company (Limited Liability Company), Industrial Insurance Company (Limited Liability Company), VPB Storage (Limited Liability Company) and actively cooperating with such companies and Foreign Industrial Investments (Limited Liability Company) and Industrial Investments Guarantee (Research and Production Foundation), Foreign Economy Industrial Bank (Limited Liability Company), provides the own clients with access not only to standard package of services for traditional banking business but also services in the fields of insurance, leasing, investments, non-governmental pension insurance, as well as pawnshop services.
In October 2004, our Bank was admitted by the Central Bank of Russian Federation to the individual deposit guarantee system. Please read a detailed list of the services provided by our Bank:
Services for individuals:
-special deposit programmes for individuals in roubles and foreign currencies;
-opening and service of accounts in roubles and foreign currencies;
-internal Russian payments in roubles; -international payments in transfer form;
-broker and depositary services for operations with governmental corporate securities; -operations for purchase, sale and collection of bills with client instructions;
-issue and service of international plastic cards;
-operations for purchase and sale of foreign currency in cash;
-individual bank safe-keeping cells (Central and Komsomolskiy back offices);
-acceptance of valuable packages in specially equipped depository;
-provision of other financial and consulting services;
-term deposit contracts.
Services for legal entities:
-opening and service of accounts in roubles and foreign currencies;
-cash payment services, acceptance, recalculation and placement of revenues on accounts;
-internal Russian payments in roubles and foreign currencies;
-international payments in forms of documentary letters of credit, collection and transfer;
-collection services;
-provision of other financial and consulting services;
-project financing, management of investments;
-factoring services;
-operations for purchase and sale of foreign currency against roubles as well as conversion operation of one foreign currency against another;
-broker and depositary services for operations with governmental corporate securities;
-operations for purchase, sale and collection of bills with client instructions;
-crediting in roubles and foreign currencies;
-operations with bills of the Foreign Economic Industrial Bank;
-execution of the currency control agent functions;
-issue and service of international corporate plastic cards.
Founded in 1924, Vnesheconombank is one of the oldest banking institutions of Russia. Throughout the years of its successful performance, the Bank has established extensive and reinforcing global business contacts and is known to the global business community for its professionalism and impeccable record. It is widely viewed as a solid and reliable partner..
Vnesheconombank is mainly state interest-oriented and focused. Over the years, the Bank has gained in-depth expertise and market intelligence in financial support of intergovernmental agreements. Being a specialized financial institution, Vnesheconombank takes an active part in implementing major international and national projects and programs launched within the territory of Russia and beyond. Underpinning the projects' success lie financial feasibility studies, as well as cost-benefit analyses, which, as a rule, the Bank's staff attributes great importance to.
Also, Vnesheconombank has assumed responsibility for keeping records and servicing sovereign foreign debt and foreign financial assets.
Equally important, by the Decree of the Russian government the Bank has been designated as a Pension Fund agent and is currently entrusted with a challenging task of investing the Fund's assets into the Russian Government securities. In January 2003 Vnesheconombank was awarded a status of the State Trust Company to manage the pension savings of the people.
A major area of Vnesheconombank's performance is an active participation in elaborating key state policy instruments designed to ensure domestic exports support and promotion. Drawing on global experience, in particular, the expertise and practices of the Organization for Economic Co-operation and Development (OECD), as well as taking full account of the World Trade Organization (WTO) rules and regulations, the Bank is intent on developing effective mechanisms to assist Russian high-tech industrial exporters win a share of global markets. Vnesheconombank owns 94,6 per cent of Roseximbank, which is to become a major institution to support Russia's exports.
Vnesheconombank is one of the few Russian banks, effecting lending and guarantee operations based on borrowed funds under major projects without respective counter-guarantees being issued by the government of the Russian Federation.
Vnesheconombank's performance is assessed by the major international rating agencies. Recognising the Bank's efficient performance in 2002, such leading international rating agencies, as Fitch and Moody's upgraded Vnesheconombank's ratings. Thus, in appreciation of Vnesheconombank's increasing financial strength the Fitch rating agency raised Vnesheconombank's long-term credit rating to 'BB+', while Moody's upgraded the Bank's long-term deposit rating to 'Ba3'. The current short-term and long-term credit ratings assigned to the Bank are comparable to the sovereign rating of Russia
The bank's financial performance is audited by Ernst & Young.
Public corporation «Russian Insurance Transport Company» was founded on the 12th of July, 1990 with the participation of the Ministry of Transport of the Russian Federation.
Authorized capital stock of the company is 503.4 million rubles.
RITC has got the licenses of Federal Service of Insurance Supervision for insurance Ñ ¹ 1852 77 and for reinsurance Ï ¹ 1852 77.
RITC is one of a very few companies which have state license of Federal Security Service of the Russian Federation for transactions using State secret information.
RITC is a member of All-Russian Insurance Association (ARIA) and Russian Association of Motor Insurers (RAMI).
RITC is a wide branch net which includes more than 30 branch offices and representative offices in Russian Federation regions from Kalinigrad to Sakhalin.
RITC provides flexible system of insurance programs and selection of optimal conditions for every client.
Effective reinsurance policy, insurance transactions and investment strategy as well as great insurance activities experience provide high quality and fulfillment of engagements.
