Rossiya Bank
Encyclopedia
The Rossiya Bank is a Russian joint stock bank founded on June 27, 1990. The company's headquarters are based in St. Petersburg.
committee of the Leningrad Oblast
became its largest shareholder (48.4%), but after the coup attempt
in August 1991 the bank's activity was frozen as it was CPSU-related.
In December 1991 its activity was resumed, as the shares had been redeemed by some member ventures of the Leningrad Association of Joint Ventures, shares of which were held by Vladimir Yakunin
, Yuriy Kovalchuk
, Mikhail Markov, Viktor Myachin, Andrei Fursenko, Sergey Fursenko
, Yury Nikolayev.
As of January 1, 2005, its major shareholders were Yuriy Kovalchuk
with 37.6%, Nikolay Shamalov with 9.7%, Dmitry Gorelov with 9.7% and the Severstal
group with 8.8%.
As of 2006, its major shareholders were Yuriy Kovalchuk (30.4%), Dmitry Gorelov (12.58%), Nikolay Shamalov (12.58%), JSC Transoil CIS (9.54%), JSC Severstal
Group (7.15%), JSC Accept (3.93%), JSC Relax (3.65%), "Assistance to Business Initiatives" Non-Commercial Enterprise (3.08%), Russian Federal Property Fund (2.93%).
As of April 1, 2005 its assets were worth 12.2 billion ruble
s (ranked 68 in Russia).
As of October 1, 2006 its assets are worth 30.2 billion rubles (ranked 44 in Russia).
On December 28, 2006, Fitch Ratings
assigned the bank negative ratings (Long Term Issuer Default rating B-, Short Term Rating B, National Long Term rating BB- (RUS) http://www.fitchratings.com/corporate/ratings/issuer_content.cfm?issr_id=84358669) as a subsidiary of the bank, ABRos Investment Company, had signed a non-transparent deal aiming to buy a considerable share of the Ren TV Media Holding (see below).
. the current head of the Board of Directors is Yuriy Kovalchuk, who has held this position since 2004.
Director General and Head of the Management Committee:
On September 24, 2004, Viktor Myachin resigned from the Director General position and Mikhail Klishin, who had been the First Deputy Director General and held a 0.197% share, was appointed acting Director General.
On December 10, 2004, Mikhail Klishin was appointed Director General, as the Central Bank of the Russian Federation
had agreed to this decision.
On April 3, 2006, the Board of Directors appointed Dmitry Lebedev Director General and Head of the Management Committee. Mikhail Klishin (holder of a 0.159% share) was appointed First Deputy Director General. The Management Committee appointed on that day: Dmitry Lebedev, Oleg Anufriev, Alexander Germanov, Konstantin Gorbachyov, Faniya Kabalina, Mikhail Klishin, Galina Lebedeva, Alexander Markin, Oleg Filatov.
On December 26, 2006, the Board of Directors of the Bank elected its new Management Committee consisting of Dmitry Lebedev (Head, Director General), Alexander Germanov, Konstantin Gorbachyov, Faniya Kabalina, Mikhail Klishin, Alexander Markin and Boris Tikhonenko.
In January 2005 it turned out that ABRos, a subsidiary of the bank, and Accept, one of its shareholders, held a 49,97% share and a 13,5% share of the insurance group SOGAZ Ltd., respectively http://www.rusbonds.ru/enwsinf.asp?emit=7154&nid=348117, after a 49.979% share of the SOGAZ group had been sold by the Russian gas giant Gazprom
to an unnamed purchaser for 1.69 billion ruble
s on July 26, 2004http://www.rusbonds.ru/enwsinf.asp?emit=81232&nid=314232, and in August 2004 Gazprom had sold 26% more of SOGAZ for 879.3 million rubles. http://www.rusbonds.ru/enwsinf.asp?emit=6592&nid=323985
On November 2005 ABRos Investment Company (Chairman of the Board of Directors since September 11, 2006: Lyubov Sovershaeva) purchased a 37% share of the Petersburg TV and Radio Company. Also it owns a considerable share of the Media Holding Ren TV (as of December 2006, http://lenta.ru/news/2006/12/19/ren/). On December 18, 2006 Lyubov Sovershaeva also became the Chairman of the Board of Directors of the Ren TV Media Holding (replacing Alexey Germanovich, a Severstal
Group representative).
History
In 1990 CPSUCommunist Party of the Soviet Union
The Communist Party of the Soviet Union was the only legal, ruling political party in the Soviet Union and one of the largest communist organizations in the world...
committee of the Leningrad Oblast
Leningrad Oblast
Leningrad Oblast is a federal subject of Russia . It was established on August 1, 1927, although it was not until 1946 that the oblast's borders had been mostly settled in their present position...
became its largest shareholder (48.4%), but after the coup attempt
Soviet coup attempt of 1991
The 1991 Soviet coup d'état attempt , also known as the August Putsch or August Coup , was an attempt by a group of members of the Soviet Union's government to take control of the country from Soviet president Mikhail Gorbachev...
in August 1991 the bank's activity was frozen as it was CPSU-related.
In December 1991 its activity was resumed, as the shares had been redeemed by some member ventures of the Leningrad Association of Joint Ventures, shares of which were held by Vladimir Yakunin
Vladimir Yakunin
Vladimir Ivanovich Yakunin is a Russian official, president of state-run Russian Railways company. Yakunin is a close ally of the former Russian president Vladimir Putin and is considered to be one of the members of his inner circle.-Biography:...
, Yuriy Kovalchuk
Yuriy Kovalchuk
Yury Valentinovich Kovalchuk is a Russian businessman and financier "reputed to be Putin's personal banker". The May 2008 issue of Russian Forbes listed him for the first time in its Golden Hundred of Russia's richest and introduced him and another new entrant to the List, Gennady Timchenko, as...
, Mikhail Markov, Viktor Myachin, Andrei Fursenko, Sergey Fursenko
Sergey Fursenko
Sergey Aleksandrovich Fursenko is a Russian businessman.He is a brother of Andrei Fursenko.Since July 2003 Sergey Fursenko is the Director General of the JSC Lentransgaz, a subsidiary of Gazprom....
, Yury Nikolayev.
As of January 1, 2005, its major shareholders were Yuriy Kovalchuk
Yuriy Kovalchuk
Yury Valentinovich Kovalchuk is a Russian businessman and financier "reputed to be Putin's personal banker". The May 2008 issue of Russian Forbes listed him for the first time in its Golden Hundred of Russia's richest and introduced him and another new entrant to the List, Gennady Timchenko, as...
with 37.6%, Nikolay Shamalov with 9.7%, Dmitry Gorelov with 9.7% and the Severstal
Severstal
OAO Severstal Russian: Северсталь, "Northern Steel") is a Russian company mainly operating in the steel and mining industry, centred in the northern city of Cherepovets. Severstal is listed on the RTS and LSE. As of 2009, it is the largest steel company in Russia according to The Metal Bulletin....
group with 8.8%.
As of 2006, its major shareholders were Yuriy Kovalchuk (30.4%), Dmitry Gorelov (12.58%), Nikolay Shamalov (12.58%), JSC Transoil CIS (9.54%), JSC Severstal
Severstal
OAO Severstal Russian: Северсталь, "Northern Steel") is a Russian company mainly operating in the steel and mining industry, centred in the northern city of Cherepovets. Severstal is listed on the RTS and LSE. As of 2009, it is the largest steel company in Russia according to The Metal Bulletin....
Group (7.15%), JSC Accept (3.93%), JSC Relax (3.65%), "Assistance to Business Initiatives" Non-Commercial Enterprise (3.08%), Russian Federal Property Fund (2.93%).
As of April 1, 2005 its assets were worth 12.2 billion ruble
Ruble
The ruble or rouble is a unit of currency. Currently, the currency units of Belarus, Russia, Abkhazia, South Ossetia and Transnistria, and, in the past, the currency units of several other countries, notably countries influenced by Russia and the Soviet Union, are named rubles, though they all are...
s (ranked 68 in Russia).
As of October 1, 2006 its assets are worth 30.2 billion rubles (ranked 44 in Russia).
On December 28, 2006, Fitch Ratings
Fitch Ratings
The Fitch Group is a majority-owned subsidiary of FIMALAC, headquartered in Paris. Fitch Ratings, Fitch Solutions and Algorithmics, are part of the Fitch Group....
assigned the bank negative ratings (Long Term Issuer Default rating B-, Short Term Rating B, National Long Term rating BB- (RUS) http://www.fitchratings.com/corporate/ratings/issuer_content.cfm?issr_id=84358669) as a subsidiary of the bank, ABRos Investment Company, had signed a non-transparent deal aiming to buy a considerable share of the Ren TV Media Holding (see below).
Management
The head of its Board of Directors were, in order, Vladimir Kolovay and Andrei KatkovAndrei Katkov
Andrei Katkov was born in Irkutsk, emigrated with parents to China. Studied in the Catholic elementary school of Marian Fathers, converted to Catholicism and entered to the Marian Congregation. Katkov had had a Catholic formation and education according to the mission plan of Michel d'Herbigny. In...
. the current head of the Board of Directors is Yuriy Kovalchuk, who has held this position since 2004.
Director General and Head of the Management Committee:
- 1993-1995: Vitaly Savelyev
- 1995-1998: Viktor Myachin
- 1998-1999: Mikhail Markov
- 1999-2004: Viktor Myachin
- September 2004 - April 2006: Mikhail Klishin
- Since April 2006: Dmitri Lebedev
On September 24, 2004, Viktor Myachin resigned from the Director General position and Mikhail Klishin, who had been the First Deputy Director General and held a 0.197% share, was appointed acting Director General.
On December 10, 2004, Mikhail Klishin was appointed Director General, as the Central Bank of the Russian Federation
Central Bank of the Russian Federation
The Bank of Russia or the Central Bank of The Russian Federation is the central bank of The Russian Federation. Its functions are described in the Russian constitution and in the special Federal law...
had agreed to this decision.
On April 3, 2006, the Board of Directors appointed Dmitry Lebedev Director General and Head of the Management Committee. Mikhail Klishin (holder of a 0.159% share) was appointed First Deputy Director General. The Management Committee appointed on that day: Dmitry Lebedev, Oleg Anufriev, Alexander Germanov, Konstantin Gorbachyov, Faniya Kabalina, Mikhail Klishin, Galina Lebedeva, Alexander Markin, Oleg Filatov.
On December 26, 2006, the Board of Directors of the Bank elected its new Management Committee consisting of Dmitry Lebedev (Head, Director General), Alexander Germanov, Konstantin Gorbachyov, Faniya Kabalina, Mikhail Klishin, Alexander Markin and Boris Tikhonenko.
Subsidiaries
As of 2005, the bank is a shareholder of the following companies (see http://www.stockmap.spb.ru/company/3022/0/):- JSC ABRos Investment Company (100%)
- JSC Alfa Invest (100%)
- JSC ABR Trust (100%)
- JSC ABR Security Company (100%)
- JSC ZEST (100%)
- JSC Sankt-Peterburgskie Vedomosti Editorial House (20%, increased up to 35% in 2005)
- JSC newspaper Sankt-Peterburgskie VedomostiSankt-Peterburgskie VedomostiThe Vedomosti was the first newspaper printed in Russia. It was established by Peter the Great's ukase dated 16 December 1702. The first issue appeared on 2 January 1703.- Petrine Vedomosti :...
(20%, increased up to 35% in 2005 http://www.stockmap.ru/news/055593706/http://www.anticompromat.ru/oligarhi/ppo.html) - JSC Fund for Regional Development of St. Petersburg (15%)
- JSC Center for Innovative Management (10%)
- JSC Red Chemist (7,36%)
In January 2005 it turned out that ABRos, a subsidiary of the bank, and Accept, one of its shareholders, held a 49,97% share and a 13,5% share of the insurance group SOGAZ Ltd., respectively http://www.rusbonds.ru/enwsinf.asp?emit=7154&nid=348117, after a 49.979% share of the SOGAZ group had been sold by the Russian gas giant Gazprom
Gazprom
Open Joint Stock Company Gazprom is the largest extractor of natural gas in the world and the largest Russian company. Its headquarters are in Cheryomushki District, South-Western Administrative Okrug, Moscow...
to an unnamed purchaser for 1.69 billion ruble
Ruble
The ruble or rouble is a unit of currency. Currently, the currency units of Belarus, Russia, Abkhazia, South Ossetia and Transnistria, and, in the past, the currency units of several other countries, notably countries influenced by Russia and the Soviet Union, are named rubles, though they all are...
s on July 26, 2004http://www.rusbonds.ru/enwsinf.asp?emit=81232&nid=314232, and in August 2004 Gazprom had sold 26% more of SOGAZ for 879.3 million rubles. http://www.rusbonds.ru/enwsinf.asp?emit=6592&nid=323985
On November 2005 ABRos Investment Company (Chairman of the Board of Directors since September 11, 2006: Lyubov Sovershaeva) purchased a 37% share of the Petersburg TV and Radio Company. Also it owns a considerable share of the Media Holding Ren TV (as of December 2006, http://lenta.ru/news/2006/12/19/ren/). On December 18, 2006 Lyubov Sovershaeva also became the Chairman of the Board of Directors of the Ren TV Media Holding (replacing Alexey Germanovich, a Severstal
Severstal
OAO Severstal Russian: Северсталь, "Northern Steel") is a Russian company mainly operating in the steel and mining industry, centred in the northern city of Cherepovets. Severstal is listed on the RTS and LSE. As of 2009, it is the largest steel company in Russia according to The Metal Bulletin....
Group representative).
External links
- Bank Rossiya Emerges From Shadows The Moscow TimesThe Moscow TimesThe Moscow Times is an English-language daily newspaper published in Moscow, Russia since 1992. The circulation in 2008 stood at 35,000 copies and the newspaper is typically given out for free at places English-language "expats" attend, including hotels, cafés and restaurants, as well as by...
July 10, 2008 - Dynamic tycoon is close associate of Putin by Julian Evans, The TimesThe TimesThe Times is a British daily national newspaper, first published in London in 1785 under the title The Daily Universal Register . The Times and its sister paper The Sunday Times are published by Times Newspapers Limited, a subsidiary since 1981 of News International...
, May 27, 2006. - Rossia Bank to Reach Federal Level, KommersantKommersantKommersant is a commerce-oriented newspaper published in Russia. , the circulation was 131,000.- History :The newspaper was initially published in 1909, and it was closed down following the Bolshevik seizure of power and the introduction of censorship in 1917.In 1989, with the onset of press...
, March 27, 2006. - Anna Shcherbakova. Interview with Mikhail Klishin, Director general of the Russia Bank. VedomostiVedomostiVedomosti is a Russian language business daily. It is a joint venture between Dow Jones, the Financial Times and Sanoma, publishers of The Moscow Times....
#35(1316), March 1, 2005. (in Russian) - The Origin of Putin's Oligarchy by Vladimir Pribylovsky. Ms., October 11, 2005. (in Russian)
- Official site (in Russian)
- The Russia Bank, Map of property in St. Petersburg (in Russian).
- The country of opportunities. Interview with Yuriy Kovalchuk, Sankt-Peterburgskie VedomostiSankt-Peterburgskie VedomostiThe Vedomosti was the first newspaper printed in Russia. It was established by Peter the Great's ukase dated 16 December 1702. The first issue appeared on 2 January 1703.- Petrine Vedomosti :...
, July 9, 2005 (in Russian). - Main Indicators of Bank Activities as of April 1, 2005 Interfax (in Russian)
- Main Indicators of Bank Activities as of July 1, 2005 Interfax (in Russian)
- Main Indicators of Bank Activities as of October 1, 2005 Interfax (in Russian)
- Main Indicators of Bank Activities as of January 1, 2006. Interfax (in Russian)
- Main Indicators of Bank Activities as of April 1, 2006. Interfax (in Russian)
- Main Indicators of Bank Activities as of July 1, 2006. Interfax (in Russian)
- Main Indicators of Bank Activities as of October 1, 2006. Interfax (in Russian)