Foreign banks in Russia manage to work more efficiently than Russian credit institutions. The profitability of foreign banks is higher than that of domestic ones. This is largely due to the more stringent policy of controlling the bank's expenses. Also, many subsidiary banks can be fed from the main bank, which allows them to work more steadily in the banking market.
This state of affairs does not suit the state. Therefore, in order to maintain and develop the Russian banking system, a bill was submitted to the government to ban the opening of representative offices of foreign banking organizations in Russia. The adoption of such a bill may reduce the inflow of foreign investment in the banking sector. Let us consider foreign banks with 100% participation of foreign capital, which are prominent representatives in the Russian banking market.
Foreign banks and representative offices in Russia with the participation of foreign capital
Yapi Credit Bank Moscow is considered one of the oldest foreign banks in the country. It is 99.843% owned by the main bank in Turkey. Its history begins in 1988, when the Turkish bank opened its representative office in Moscow. Since 1993, the bank has been among the twelve banks that have received a license for banking activities in Russia. It has firmly taken its place in the banking system of Russia and still offers many services in the banking sector, both to corporate clients and individuals. It was not affected by the 1998 crisis; rather, on the contrary, the bank acted as a reliable financing partner, which only strengthened its position in the market.
Deutsche Bank is one of the largest banks in Germany. In Russia it has its representative office in Moscow. Deutsche Bank owns a 40% stake in ZAO OFG Invest. However, it does not provide services to private clients, except for the management of large capitals. The main area of activity is the provision of banking services to corporate clients and the management of large capitals. At the same time, in addition to all banking services, individual consulting is carried out.
Since 2004, a representative office of GE Money Bank has been operating in Russia. The bank provides consumer lending services. Entering the Russian deposit insurance system, the bank meets all the requirements of the Central Bank of Russia. Combining modern foreign instruments and Russian realities, the bank is attractive to consumers not only with its offers, but also with great popularity all over the world.
The most popular banks with 100% foreign capital
Raiffeisen Bank is one of the representatives with 100% participation of foreign capital. It is a subsidiary of the Austrian banking group Raiffeisen. The bank has been operating in Russia since 1996 and provides a full range of services to corporate and private clients, both in foreign currency and in Russian rubles. In 2006, the Austrian Raiffeisen Group acquired one hundred percent of the shares of OAO IMPEXBANK. Today Raiffeisen Bank is one of the most reliable banks in the country. This is confirmed by many factors, for example, the bank has been assigned a high credit rating and reliability rating.
UniCredit Bank has been offering its services on the Russian market since 1989 with 100% participation of foreign capital represented by the shareholder of the Austrian bank UniCredit Bank Austria AG. It is one of the leaders in the domestic market of banking services. Offers customers a wide range of banking services. Serves private and corporate clients. Attracts clients with an individual and respectful approach, as well as high-quality services.
Societe Generale Bank is a 100% foreign bank represented by the main shareholder of the Societe Generale group. It occupies a strong position in the Russian market. It was founded in 1993, and today it has offices in eleven regions of the country. The Bank offers potential customers a wide range of banking offers and services. Serves both private and corporate clients. The bank offers bank cards for salary transfer, as well as business cards to simplify payments abroad and in Russia. It also offers various types of loans for private clients and financing programs for corporate clients. The Bank has various awards and titles received in different years for the quality of its services. The Bank has a strong position in the Russian market, offering its customers quality services. Bank representative offices are open in Nizhny Novgorod, Moscow, Ufa, St. Petersburg, Yekaterinburg and in a number of other large Russian cities.
Which bank to choose
Having decided to use a banking service, the question arises of choosing a bank. Many private clients do not have a question about which bank it is, Russian or foreign. The study of offers and conditions of service comes first. As a rule, Russian banks are more adapted to the realities of the domestic market, but at the same time, they can offer a smaller number of banking services, while representative offices of foreign banks, relying on the support of the head bank and its experience, can offer more quality services. When choosing between foreign and domestic banks, it should be remembered that most domestic banks operate in limited regions, which reduces consumer opportunities when traveling around the country and even more so outside it.
When choosing a foreign bank, one should study not only its history of activity in Russia, but also the history of the main bank located abroad. This will help to form an objective opinion about the quality of the services offered and the reliability of the bank. Valuing their reputation, foreign banks very carefully control the activities of their representative offices in Russia. At the same time, the level of services offered to customers must correspond to the level of a foreign bank. All this leads to the provision of better services. Thus, foreign banks are trying to attract customers and keep them, trying to consolidate their positions in the market. However, it must be remembered that by choosing a foreign bank, you give away your money, which begins to work for a foreign country.
Recently, an increasing number of Russian citizens are concerned about the question - is it possible to open an account in a foreign bank and what needs to be done for this? It so happened that trust in a foreign bank is higher than in local institutions, and obtaining a loan is possible on more favorable terms than in Russian banks, moreover, many have a desire to hide actual income from the state.
Regardless of the reason, it is important for a person who decides to open an account in a foreign bank to know that a Russian citizen is allowed to carry out such operations only in financial institutions of countries that are members of international banking organizations ( for example, FATF).
The following types of accounts can be opened in foreign companies:
- Investment account in a foreign bank. It is usually used by private clients for whom it is important not only to save, but also to increase their savings. ;
- Checking account. This type of account is most often used by companies or individual entrepreneurs for commercial purposes;
- Personal account. A personal account in a foreign bank for individuals is necessary to maintain the available capital.
List of categories of citizens who are prohibited from having accounts in foreign banks
Who is prohibited from having foreign bank accounts?
It is important to know that Russian legislation establishes a list of such persons, these include:
- Citizens holding government positions in the Russian Federation and subjects of the Russian Federation;
- First Deputy and Deputy Prosecutor General;
- Members of the Board of Directors of the Central Bank of the Russian Federation;
- Citizens holding federal civil service positions and working in state-owned companies and corporations, foundations and other organizations;
- Deputy heads of federal executive bodies;
- Heads of city districts, administrations, municipal districts and other municipalities;
- Deputies of city districts and municipal districts.
A complete list of persons who cannot open an account with a foreign bank and / or store valuables there is indicated in Federal Law No. 79 of 07.05.13.
If the presence of accounts in the categories listed in the legislation is revealed, then a commission will be assembled and appointed, which will decide on the measures of influence.
Country selection
Opening an account in a foreign bank by an individual or company begins with the choice of a country and a city. The most reliable banks are located in:
- Austria;
- Andorra;
- Belize;
- Hong Kong
- Cyprus;
- Latvia;
- Liechtenstein;
- Luxembourg;
- Saint Lucia;
- Singapore;
- Switzerland;
- Czech Republic;
- Estonia.
Austrian banks
The Austrian banking system has existed for more than 200 years - and during this time has managed to win the trust of many customers. Austrian banks are carefully monitored by the Federal Banking Commission, which promptly detects fraud attempts in this area.
The advantages of Austrian banks include:
- High degree of reliability;
- Banking secrecy is protected at the state level;
- Investment insurance;
- Possibility of opening a deposit account for any period;
- Lack of currency control;
- Ability to open accounts in any currency.
But in addition to the advantages, the Austrian banking system also has a number of disadvantages, the main of which are the need for the applicant to be personally present when opening an account (which will cause additional travel costs) and rather high commissions for currency exchange operations.
In Austria, non-residents ( or as they are called - Devisenauslaender) you can open accounts - savings, foreign currency, trust, securities, precious metals, and trust.
The most common financial institutions in this country are the National Bank of Austria (Österreichische Nationalbank (OeNB)), Bank Austria, Bankhaus Spaengler, Erste Group, Raiffeisen ZentralBank Osterreich AG, Österreichische Volksbanken AG.
Andorran banks
For all banks located in the territory of Andorra, in 1993, the National Financial Institute of this country developed strict rules in accordance with which they operate.
Andorran banks have the following advantages:
- There are no restrictions on the transfer of funds;
- Short terms of account opening (within 1 hour);
- High interest rates on deposits;
- Multilingual Internet banking;
- High level of confidentiality (legislation on banking secrecy in Andorra is stricter than in Switzerland and provides for punishment for its disclosure up to 7 years in prison);
- Possibility of remote account management after opening - via the Internet, e-mail or by phone.
The disadvantages of Andorran banks include the difficulty of opening an account for non-residents - you will need to provide a large number of documents, as well as relatively high minimum amounts for deposits. In addition, in order to open an account with an Andorran bank, the applicant must be present in person - there is no possibility of remote opening, despite the large number of branches of these financial institutions in other countries.
At the moment, several large banks operate in Andorra, the best of which are considered to be Credit andorra bank, Andbank, MoraBanc, Banc Sabadell d'Andorra, Banca Privada d'Andorra.
Accounts in financial institutions of Andorra are numbered and classic. Numbered accounts are opened only for large clients with solid references - such accounts cannot be held by citizens of the United States and countries - members of the European Union - in contrast to the classic account. Classic accounts can be current, savings and deposit.
The minimum deposit when opening an account is from 3 thousand euros (but it can be much more - depending on the bank). The minimum account balance is 1,000 euros.
Belize banks
Financial institutions in Belize became popular thanks to the offshore banking legislation passed in 1996. At the moment, 5 commercial banks and 8 offshore ones are open in Belize. In addition, banks in Belize have a number of other advantages:
- The ability to open an account remotely - for example, by sending scanned copies of the necessary documents in electronic form;
- There is no currency control;
- Short terms of account opening;
- Ease of opening an account;
- Ability to open accounts in different currencies.
Belize highly values foreign investors and provides them with many opportunities, which include - moving a legal address, protecting assets from the confiscation claims of governments of other states.
Non-residents have the opportunity to open two types of savings accounts, which require a $1,000 deposit to open.
It is important to know that Belizean banks can release information and provide information about the account holder only based on the request of the Belize court. If the request is sent by the judicial authority of another country, it will be denied.
In Belize, the most common are Heritage Bank, Belize Bank, Caye International Bank, Choice Bank Limited.
Hong Kong banks
At the moment, there is a 3-tier banking system in Hong Kong, where each of the levels operates in accordance with a certain scheme. In most cases, accounts in Hong Kong are opened by companies whose branches are located in China, since in order to do business in this country, an account with a local bank is a prerequisite.
Benefits of opening bank accounts in Hong Kong:
- Large selection of banks with an impeccable reputation;
- High quality level of service;
- It is possible to open multi-currency accounts;
- Increased level of privacy;
- Favorable tariff policy.
The main disadvantage when opening a current account is the rule established by local financial institutions that a bank record in Hong Kong can be held by citizens of the state or persons residing in the country for at least 180 days and having an identity card that was issued by the state of the country.
In addition, when opening an account, the obligatory requirement is the presence of the applicant, who must personally provide documents and pass an interview, after which, within 2 months, the bank will decide whether to open an account or refuse without explanation. Employees of local banks communicate in Chinese and English - which is why the applicant needs to know one of these languages.
The most popular banks in Hong Kong are Standard Chartered Bank, HSBC, Bank of China, Citibank (Hong Kong).
Cypriot banks
For a long time, Cyprus was one of the world's offshores, but after joining the EU, the republic had to abandon the offshore, having lost a significant proportion of customers - the main purpose of which was tax evasion. Despite this, Cyprus banks continue to be used by citizens and companies of our country. they are considered one of the most loyal, as well as for other reasons:
- It is possible to remotely open a bank account;
- Convenient and functional Internet banking;
- Availability of Russian-speaking staff;
- Working with cards;
- Multilingual sites;
- Ease of opening an account - requirements for candidates are minimal;
- The account can be opened in any currency;
- Interest income is not taxable.
It is possible to open both a long-term and a deposit account in Cyprus. In addition, financial institutions in Cyprus provide their customers (both companies and individuals) with the opportunity to open a credit account.
The most common banks in Cyprus are the Bank of Cyprus, Eurobank EFG, Expobank Cyprus, Hellenic.
The term for opening an account in Cyprus is from 2 to 4 weeks, depending on the bank. After opening an account, you can start using it immediately, and you can transfer the necessary amount for a deposit from an account in any other bank.
In Cyprus, there is an economic citizenship program, under which, upon opening a three-year deposit in the amount of at least € 5 million, a citizen gets the opportunity to obtain a second passport.
Latvian banks
Latvian banks are very popular among Russian companies and citizens, this is due to a large number of advantages, such as:
- Possibility to be served in Russian;
- A wide network of representative offices of Latvian banks in Russia;
- Ability to open an account remotely;
- Deposit insurance;
- Modern account management systems;
Also, the benefits include free account maintenance and the provision of standard statements for the tax service and currency control. If we compare Latvian banks with Russian financial institutions, then the tariffs are approximately the same, but the difference is that the clients of the Baltic financial structure receive European quality service and a set of foreign currency accounts.
It is possible to open an account in Latvian banks in 4 ways - through an intermediary, with the help of the client department of the bank ( the most budgetary way - it will take an average of 18 - 20 thousand rubles to open), with a personal visit to the bank's office in the EU, through the representative office of the institution in the CIS. The term for opening an account in Latvian banks is 7-10 days.
The most common in Latvia are Rietumu Banka, ABLV Bank, Expobank, Balticums Bank, RIB BANK, Citadel Bank, Pasta banka, Baltic International Bank, Norvik Banka.
Banks of Liechtenstein
The work of financial institutions in Liechtenstein is regulated by the banking law, the enforcement of which is entrusted to the Financial Commission ().
Benefits of opening a bank account in Liechtenstein:
- Multicurrency accounts;
- High level of confidentiality;
- Convenient Internet banking;
- Support in different languages - including Russian;
- Minimum local currency inflation.
The minimum amount for opening an account is set by each Liechtenstein bank independently - for an individual it is an order of magnitude lower than for an organization (from 100 thousand Swiss francs), but installments can be provided for it. The term for opening an account in financial institutions of Liechtenstein is 3 weeks.
In Liechtenstein, at the moment, the most common are Alpinum Bank, Valartis Bank, Neue Ban, Union Bank, Verwaltungs-und Privat-Bank, Centrum Bank AG, EFG Bank von Ernst AG.
Luxembourg banks
The banking sector in Luxembourg is regulated by the Central Bank and the Commission for Supervision of the Financial Sector. Most banking institutions are members of the Association of Bankers and Bankers of Luxembourg, which, in turn, exercise strict control over compliance with current legislation (including in matters of confidentiality), as well as calculate the likely risks and monitor the maintenance of a high standard in customer service.
Benefits of opening a bank account in Luxembourg:
- Ability to open an account remotely;
- Customer support in different languages;
- High level of confidentiality;
- Wide range of banking products;
- Quality service.
Some financial institutions in Luxembourg may require a personal visit to the applicant, which will require additional time and costs. Also, the disadvantages include high minimum amounts - for a deposit account - 50 thousand dollars, current - 100 thousand dollars.
An account in Luxembourg can be opened at ABLV Bank Luxembourg, Banque Genarale, Banque Internationale, Kreditbank, Banque de Luxembourg, Banque et Caissa d’eparque de’ ta.
Banks Saint Lucia
At the moment, Saint Lucia is a popular offshore financial center, thanks to which it has become widely known.
The advantages of opening a bank account in Saint Lucia include:
- Simple account opening system;
- Wide range of services;
- Developed offshore banking sector;
- Availability of a control service for offshore companies;
- Stable economic and political conditions;
- Possibility of organizing payroll projects for corporate clients;
- Fast account opening (1-2 days).
Depending on the chosen bank, the minimum deposit varies from 1.5 to 5 thousand dollars, but it can be free. The minimum account balance must be $5,000.
The largest banks in Saint Lucia that enjoy a good reputation are the Bank of Saint-Lucia, Caribbean Banking Corporation, Barclays Bank Plc, Saint Lucia Development Bank, First National Bank, The Bank of Nova Scotia, Hermes Bank.
Singapore banks
Singapore has one of the most advanced banking systems in the world, which includes both local and foreign financial institutions that provide a wide range of services in various areas. Singapore's banks are controlled by the Monetary Authority.
Advantages of financial institutions in Singapore:
- Ability to open an account remotely;
- Minimal risks;
- Wide range of services;
- High level of data confidentiality;
- Availability of a deposit insurance program in force since 2011;
- It is possible to open an account remotely.
The conditions and tariff rates of Singapore banks offer approximately the same. Multi-currency accounts are opened for companies, savings accounts and term deposits for individuals.
In Singapore it is possible to open accounts in the following banks DBS, OCBC, UOB, Far eastern bank ltd.
Swiss banks
Swiss banks are among the most popular - this is due not only to the high level of data confidentiality known to the whole world, but also to many other advantages, including:
- High quality service;
- A wide range of financial institutions with an impeccable reputation;
- Ability to open multi-currency accounts;
- Minimal financial risks.
The disadvantages of banks located in Switzerland include difficult conditions for opening accounts and a large number of documents that need to be provided.
It is possible to open various types of accounts in Swiss banks - settlement, savings, depositary, registered, numbered and for legal entities. The minimum deposit amount, as a rule, ranges from 300 to 500 thousand Swiss francs, but in some cases it can be less. Account opening term - 3 weeks.
It is possible to open an account in the following Swiss banks Clariden Leu, Coop Bank, Credit Suisse, EFG Bank, Graubündner Kantonalbank, Hottinger & Cie, Julius Baer Group, C.I.M. bank.
Czech banks
Czech banks are famous for their stability. Currently, there are about 40 financial institutions in the Czech Republic, most of which work with foreign capital.
The advantages of the banking system of the Czech Republic include:
- Strict observance of the legislation on banking secrecy;
- Favorable conditions for opening and servicing accounts;
- Stable economic conditions;
- Ability to open an account remotely.
One of the main disadvantages of Czech banks is the requirement that the applicant must be present when opening an account, as well as the rather high commission fees charged for currency exchange transactions. In addition, income from deposits is subject to a tax of 15%, which is automatically withheld from the client when interest is calculated.
The following banks currently operate in the Czech Republic: Ceska sporitelna, CSOB (Ceskoslovenska Obchodni Banka), Czech National Bank (CNB), Czech Export Bank (CEB), Komercni banka, Patria Finance.
Estonian banks
Estonia uses a two-tier banking system, which is controlled by the Supervisory Board. The main advantages of banks in Estonia are as follows:
- Low rates;
- Ability to quickly open an account;
- Individual approach to each client;
- Possibility of remote account management;
- High deposit guarantees.
The main disadvantage of Estonian banks is the high commission fee for currency exchange. As well as in other financial institutions located in the Baltics, Estonian banks, in most cases, require the obligatory presence of the client when opening accounts.
List of banks operating in Estonia AS LHV Pank, AS Eesti Krediidipank, AS SEB Pank, TALLINNA ÄRIPANGA AS, Versobank AS, BIGBANK AS.
Preparation of documents
To open an account in a foreign bank, you need to prepare the necessary package of documents.
Documents for individuals:
- Certificate from the place of residence of the applicant (original);
- Application form of the applicant;
- Certificate from the bank serving the client in the territory of his country;
- Documents confirming the level of income;
- A copy of the passport, certified by a notary.
Documents for organizations:
- Statutory and registration documents;
- A document confirming the authority of the person submitting the application to open accounts on behalf of the company
- Identification documents: valid passport, ID card.
Depending on the financial institution, it may be necessary to prepare additional documents - usually this information can be obtained on the bank's official website or by contacting a representative office. It is possible to prepare documents independently or using the services of specialized companies.
If the account is opened remotely, then you need to scan all the necessary documents and certify them with an electronic signature.
After the documents are submitted to the financial institution, its employees carry out the necessary checks in these cases and open an account for the applicant.
What to do after opening an account
If a foreign bank approved the application and opened an account, then the citizen is required to notify the tax authority at his place of residence within 30 days. The notification can be sent by registered mail or delivered during a personal visit. If tax is not notified within the time limits established by law, then the violator will be brought to administrative responsibility and a fine of up to 5 thousand rubles will be imposed on him.
In addition, an annual declaring an account in a foreign bank- This provision is enshrined in the Tax Code of the Russian Federation. Taxes on foreign bank accounts account for 13%.
Declaration of accounts in foreign banks must contain the following information:
- Full name, date of birth, place of residence, type of identity document;
- Name of the foreign bank, BIC/SWIFT Code of the bank;
- Code of the country;
- Bank account in a foreign bank
- Currency code in accordance with the classifier;
- Number of persons holding the account;
- Amount at the beginning of the year and at the end of the year.
Conclusion
Today, residents of our country have the opportunity to open accounts almost anywhere in the world. If the bank to which the application was submitted has issued a refusal - this is not an obstacle to re-applying, and if you need to open an account with a particular bank, but it has refused - you can contact it again and again, or use the help of specialized companies that provide such kind of service.
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publication date: 28.07.2012
Attention! This article is currently archived and out of date.
The banking system of the Russian Federation includes the Bank of Russia, credit institutions (banks and NPOs), as well as branches and representative offices of foreign banks. A foreign bank is a bank recognized as such under the laws of a foreign state in whose territory it is registered. On the territory of the Russian Federation, only registered and functioning, some of them have a significant share of foreign participation. Wherein there are no branches of foreign banks in the banking system of Russia and there have not been any over the past few years. It is noteworthy that in the entire history of the Russian banking system, the only branch of a foreign bank in Russia was a branch of an Armenian bank, which is now called CB Anelik RU LLC and is a 100% subsidiary bank of Anelik Bank CJSC (Yerevan, Republic of Armenia).
Representative offices of foreign banks are not a legal entity, do not have the right to engage in commercial activities, are created for the purpose of studying the situation in the banking sector of Russia and must have a Permit from the Bank of Russia in accordance with the Regulations of the Central Bank of the Russian Federation “On the procedure for opening and operating representative offices of foreign credit organizations in the Russian Federation” , approved on October 07, 1997.
In fact, the only possibility for foreign structures to have a banking business in Russia is to own shares in the authorized capital of a Russian bank, i.e. opening a bank with foreign investment or buying a stake in an existing bank. The Bank of Russia has established specifics for registering credit institutions with foreign investment. In particular, prior permission from the Central Bank of the Russian Federation is required for the establishment of a bank with foreign capital, implying obtaining the consent of the Bank of Russia for the participation of a specific non-resident in the authorized capital of the bank.
A significant part of the "foreign" banks in Russia have in their authorized capital the funds of Cypriot companies and companies registered in the British Virgin Islands: often the owners of these companies, and therefore the owners (co-owners) of the bank, are Russian citizens, while shareholders from Austria , Germany, France, USA, Switzerland, Sweden, Italy, Czech Republic, Turkey, India, China, Kazakhstan, Uzbekistan are large financial institutions and state corporations.
The International Banking Center for Distance Learning has prepared a list of banks with foreign capital, based on information from the website of the Bank of Russia and from the official websites of banks, containing "that have a significant (direct or indirect) influence on decisions made by the bank's management bodies" according to.
As of July 28, 2012, the following (including subsidiaries of foreign banks) operate in Russia: :
|
№
|
Number |
Name of the bankwith foreign capital |
Information about foreign shareholders (participants) of the bank |
Addresses of banks with foreign capital |
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|
ABSOLUT BANK |
KBC Bank NV (KBC Bank NV, Austria) - 99% of the shares. |
Moscow, Tsvetnoy Boulevard, 18 |
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|
AVTOVAZBANK |
no data |
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|
ASIA PACIFIC BANK |
East Capital Financials Fund AB (East Capital Financials Fand AB, Sweden) - 17.9% of the shares. |
Amur region, Blagoveshchensk, st. Amurskaya, 225 |
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|
AZIA-INVEST BANK |
National Bank for Foreign Economic Activity of the Republic of Uzbekistan - 85.32% of shares. |
Moscow, 2nd Kazachiy lane, 3, building 1 |
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|
ICIAISIA BANK EURASIA |
ICICI Bank (India) - 100% stake. |
Moscow, 4th Lesnoy lane, building 4 |
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|
OSMAND HOLDING LIMITED (Cyprus) - 11.611% of shares. |
Kazan, st. Decembrists, 1 |
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|
East Capital Financials Fund AB (East Capital Financials Fand AB, Sweden) - 19.99% of the shares. |
Republic of Tatarstan, Naberezhnye Chelny, Mira Ave., 88a |
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|
Newridge (Cyprus) Ltd. (Cyprus) - 73.823% of the shares. |
Novosibirsk, st. Soviet, 14 |
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|
ALEF-BANK |
Eastlink Lanker PLC (Great Britain) - 100% of the shares. |
Moscow, st. Krzhizhanovsky, d. 21/33, bldg. one |
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|
ALFA BANK |
ALFA CAPITAL HOLDING (CYPRUS) LIMITED (Cyprus) – 0.1136 shares. |
Moscow, st. Kalanchevskaya, 27 |
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|
AMERICAN EXPRESS BANK |
no data |
Moscow, st. Usacheva, 33, building 1 |
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|
ANELIK RU |
Anelik Bank CJSC (Republic of Armenia) – 100% stake. |
Moscow, 1st st. Yamskogo Polya, 19, building 1 |
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|
ATLAS BANK |
JSC Atlas Bank Podgorica (Montenegro) - the main participant ( there is no information about the exact size of the share) |
Moscow, Kadashevskaya embankment, 6/1/2, building 1 |
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|
Joint Stock Company "Astana-Finance" RNN (Republic of Kazakhstan) - 99.98% of shares. |
Republic of Bashkortostan, city of Ufa, October Revolution street, 78 |
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|
BALTINVESTBANK |
S.P.M.Management Ltd. (SPM Management |
St. Petersburg, st. Divenskaya, house 1, letter A |
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|
US citizen - Dwyer James Christopher - 4.9935% of the shares. |
Moscow, Krasnopresnenskaya nab., 12 |
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|
BANK "SAINT-PETERSBURG" |
MALVENST INVESTMENTS LIMITED (MALVENST INVESTMENTS LIMITED) (Cyprus) - 18.17% of the shares |
St. Petersburg, Malookhtinsky pr., 64, lit. BUT |
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|
BANK BCC - MOSCOW |
Bank CenterCredit JSC (Republic of Kazakhstan) – 100% stake. |
Moscow, Shmitovsky passage, 3, building 3 |
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|
The Bank of New York International Nominees (USA) - 16.325% of the shares. |
St. Petersburg, st. Bolshaya Morskaya, 29 |
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|
BANK VTB 24 |
The sole shareholder is VTB Bank, while The Bank of New York International Nominees (USA) owns 16.325% of VTB Bank shares. |
Moscow, st. Myasnitskaya, 35 |
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|
BANK ZENIT |
Tatneft Oil AG (Switzerland) - 24.558739714% of shares. |
Moscow, Banny lane, 9 |
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|
INTESA BANK |
Intesa Sanpaolo (Intesa Sanpaolo) (Italy) - 86.75% of the shares. |
Moscow, Petroverigsky lane, 2 |
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|
BANK OF CHINA (ELOS) |
"Bank of China Limited (BOC Limited)" (China) - 100% of the shares. |
BANK OF TOKYO-MITSUBISHI UFJAY (EURASIA) |
"The Bank of Tokyo-Mitsubishi UFJ" (Japan) - 100% of the shares. |
Moscow, Romanov pereulok, 4, building 2 |
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|
BANK PSA FINANCE RUS |
Banque PSA Finance ("BANK PSA FINANCE", France) - 65% of the shares. |
Moscow, Chistoprudny Boulevard, 17, building 1 |
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|
BANKING HOUSE |
Joint Stock Company "X-Markkinointi Oy" (non-resident, Finland) - 85.2% of shares. |
St. Petersburg, st. Malaya Posadskaya, 16, letter A, office. 6H |
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|
Envikey-MC Investment Limited (Cyprus) - 2.459% of the shares. |
Moscow, st. Grodnenskaya, 5a |
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|
BMW Osterreich Holding GmbH (Austria) - 100% stake. |
Moscow region, Khimki, st. Panfilova, possession 19, building 1 |
Every year, confidence in the Russian banking system among citizens is steadily declining, and this is primarily due to the large number of bankruptcies among Russian banks. Although the state tries to keep the attention of depositors by providing guarantees and deposit insurance, this does not greatly affect the situation.
Foreign giants are increasingly gaining trust among individuals and legal entities, however, it should be understood that the current legislation in Russia does not allow foreign banks to open branches, and all they can claim is a share.
Speaking in plain language, foreigners can create subsidiaries of Russian financial institutions, become their founders and, in fact, manage the entire financial system.
Foreigners are ready to invest substantial amounts in the development of such subsidiaries, often exceeding the authorized capital of the Russian financial institution itself, and, consequently, the confidence in such institutions is higher both among citizens and legal entities.
The citizens of Russia cannot be reproached for this, since everyone seeks to keep their honestly earned money and certainly no one is ready to lose it.
When choosing a foreign institution in St. Petersburg and Moscow, one should be very careful and selective, since the fate of the deposit depends on how carefully the analysis of the work of a foreign bank is carried out.
Loopholes in Russian legislation allow every year new foreign banks to gain a foothold in the financial market, provide huge competition to Russian ones and offer more favorable lending terms and savings programs.
Among the majority of foreign structures in St. Petersburg and Moscow, a small list of banks should be singled out, the most active, gaining more and more popularity among the population.
Deutsche Bank
As it already becomes clear from the name itself, the organization belongs to a large German concern. Has the following features:
- The main activity is aimed at investing and providing commercial services exclusively to enterprises located in Russia.
- It does not provide services to individuals, it provides support only to large private capitals.
Small enterprises and individual entrepreneurs do not have the opportunity to use the services of this financial institution. However, this does not prevent it from strengthening itself among Russian banks, and the introduction of innovative products often contributes to the transfer of large capitals to its jurisdiction.
Raiffeisenbank
This subsidiary belongs to the largest Austrian holding "Raiffeisen" and is considered one of the most reliable financial institutions in our country. The following features can be distinguished:
- The organization provides a full range of services for legal entities and citizens of Russia in St. Petersburg and Moscow.
- Not only residents of the country, but also foreign citizens who are on a business trip or on business can become clients of this bank.
- The presence of a huge number of branches makes it possible to cover the entire Russian market, acting as a counterbalance to Russian banks.
Citibank
It is a full-fledged institution registered on the territory of the Russian Federation for a long period of time. However, the lion's share of the authorized capital is made up of foreign investments.
The consumer is presented with a huge number of products, and making deposits is allowed on individual terms, while the larger the amount of the deposit, the more attractive the percentage.
Servicing clients of both the private sector and legal entities allowed the bank to consolidate its leading position among other foreign banks in our country for many years.
Credit Suisse Bank
A private foreign bank positioning itself as an investment institution with a fixed income from shares of companies. A distinctive feature is:
- Availability of a license to carry out financial activities in Russia. The government issued him a license among the first foreign organizations to officially gain a foothold in the Russian financial services market.
- He has many awards and prizes, is popular among individuals.
Barclays Bank
It mainly occupies a niche of retail commercial offers in St. Petersburg and Moscow. The list of services is very extensive:
- international transfers;
- deposits in foreign currency;
- provision of brokerage services for private capital, has a wide range of financial products aimed at Russian investors.
Of course, the list of foreign banks in our country can be continued indefinitely, but they are less popular than the banks presented in this article.
There is no need to talk about the reliability of foreign banks, since every year their number is steadily growing, and cases of bankruptcy are practically excluded.
How to choose a foreign bank
Having decided to use banking services, one should not forget that this is primarily a financial institution that is at risk of bankruptcy.
In addition, before making a deposit or using the international money transfer service, it is necessary to conduct a thorough analysis and compare foreign banks represented in our country in terms of quality and reliability.
The first place certainly goes to the quality of service, as well as the conditions for the provision of a certain type of service.
The rules for all banks are practically the same in our country, so they compete most often in the field of commission, interest on deposits, as well as the speed of services.
We should not forget that in a number of regions foreign banks are not served, therefore, having a card of a particular bank in your hands, you should remember about its capabilities and service area.
