List of major banks in Russia with foreign participation. Foreign banks in russia - list, features, interest and reviews Bank with 100 foreign capital

As you know, only Russian banks function in Russia, the creation of branches of foreign banks is prohibited. At the same time, non-residents can partially or completely own Russian banks. Branches, unlike subsidiaries of foreign credit institutions, would not fully fall under the control of Russian regulators, would not be obliged to comply with the Central Bank's standards for contributions to mandatory reserve funds, and would have a number of other privileges. It is precisely because of these advantages that it is believed that the emergence of branches of foreign banks can undermine the competitiveness of Russian credit institutions.

In addition to subsidiaries, foreign banks can create representative offices in Russia that are not independent legal entities and cannot conduct commercial activities. They are created to study the situation in Russia and provide business advice. Previously, to create a representative office, it was only required to notify the Central Bank about it. However, soon foreign banks will also have to send biographies of managers and deputies and letters of recommendation to the Central Bank.

In the last quarter of 2013 alone, 16 new representative offices of foreign banks appeared in Russia. And the creation of a representative office can sometimes be followed by the opening of a new subsidiary bank. the site analyzed the development tendencies of the subsidiaries of foreign credit institutions in Russia, learned how foreigners are attracted to the Russian banking sector and whether the latest events could “scare them off”.

Foreign quarter of the authorized capital of Russian banks

The share of credit institutions with foreign participation in Russia has been actively growing since the mid-2000s and to date has exceeded 25%. This happened against the background of the stabilization of the Russian economy and the inflow foreign investment... The share of non-residents in the total authorized capital of the banking system in 2005-2009 also increased significantly, exceeding a quarter, however, during the crisis of 2008-2009 and after the crisis, growth stopped. According to the Central Bank, as of January 1, 2014, 251 organizations with the participation of non-residents had a banking license. The authorized capital of 76 credit institutions is fully formed at the expense of non-residents' funds.

The number of credit institutions with the participation of non-residents and their share in the total number of credit institutions, 2001–2014.

Source: Central Bank of the Russian Federation.

The share of non-residents in the total authorized capital of the banking system, 2001–2014.

Source: Central Bank of the Russian Federation.

The largest subsidiary of a foreign bank in Russia is UniCredit Bank, which, according to rating agency RIA Rating, as of January 1, 2014, took 9th place in the rating of Russian banks in terms of assets (920.7 billion rubles). Also large "subsidiaries" are Raiffeisenbank, Citibank, Nordea Bank, HSBC Bank and others. Formally, many Russian banks, including Sberbank, fall into the category of "credit institutions with the participation of non-residents". Also, formally, a number of Russian banks have offshore companies among their shareholders, which are ultimately backed by Russian citizens.

For a number of Russian companies and individuals, cooperation with subsidiaries of foreign credit institutions is of great importance. So, according to Maxim Vasina, a senior analyst at the National Rating Agency, by working with large international banks, Russian clients receive the highest volumes of financing in a short time, while most Russian banks are limited in terms of capital and regulations. Also, the advantages of foreign banks' subsidiaries include the continued global presence, which allows working with companies in all markets they enter, the availability of international financing on more favorable terms than is often available to Russian banks, and stricter risk management standards and compliance that allow working with high-quality borrowers and clients and not accumulating problems in portfolios, access to technology, management, treasury operations, approaches and methodologies of parent organizations, support from parent organizations.

Among the disadvantages of foreign banks for Russian clients, Maxim Vasin lists insufficient flexibility, the need to coordinate large transactions on a global level, when decisions can be ignored or distorted by Russian specifics, relatively low deposit rates, and, on average, higher commissions. Some clients may also be hindered by cultural, linguistic or national barriers, because the top management of foreign banks is often represented by international managers, and a number of Russian businessmen are used to communicating at their level with representatives of Russian business, which sometimes thinks and speaks in another language and in other categories.

According to Mikhail Doronkin, Deputy Director for Banking Ratings "Expert RA", models of foreign banks work most effectively in the retail segment and lending to large businesses, including in the implementation of investment projects. In the first case, they are supported by a well-known brand, long-term experience and proven scoring technologies, in the second, by the availability of relatively inexpensive and long-term funding, which allows them to compete on an equal footing with Russian state-owned banks.

According to Maksim Vasin, foreign banks have rather strict criteria for selecting clients, which do not allow a business that is being conducted “in the gray” or not quite transparently to apply for transactions with these banks. On the other hand, it can be noted that transactions are conducted on market conditions, and in general, any big company, having reached a certain size, will be interested in cooperating with foreign banks.

Doronkin believes that one of the key problems faced by many foreign banks is the use of a universal model when entering Russian market and, as a result, insufficient understanding and consideration of local specifics. Practice has shown that those who encountered difficulties in the Russian market were in a hurry to leave it as soon as possible in order to minimize losses. Largely because of this, foreign "daughters" are mainly guided by big cities where customer behavior is more universal.

The most reliable

Recently, a new rating of the most reliable banks in Russia was released according to Forbes, for which, at the request of Forbes, some indicators were calculated by the Expert RA rating agency. As before, the first places in the list are occupied by subsidiaries of foreign banks. They are followed by state banks.

* lowest available

Source: Forbes.

However, soon the Russian subsidiaries of foreign banks may become less reliable, if we focus primarily on the ratings of the rating agencies. Thus, on March 25, 2014 it became known that the international rating agency Standard & Poor's (S&P) downgraded the forecast for the ratings of four subsidiaries from “stable” to “negative”. The forecasts of Raiffeisenbank, BNP Paribas, Bank of Tokyo-Mitsubishi UFJ (Eurasia) and Sumitomo Mitsui Rus Bank were worsened. The ratings of the largest foreign bank in Russia - Unicredit Bank - retained their negative outlook. The main reason for the changes is the growth of geopolitical risks and the possible introduction of sanctions by the European Union and the United States.

The international agency Fitch also downgraded its forecasts on the ratings of subsidiaries. Raiffeisenbank, Citibank, Nordea Bank, Rosbank fell under its downgrade. Fitch attributed the change to the fact that Russia's ratings could be downgraded from 'BBB +'. The agencies worsened their forecasts not only for subsidiaries of foreign financial institutions, but also for Russian banks. Prior to that, they downgraded the forecasts for Russia's sovereign credit rating, also from “stable” to “negative”.

Russian interest

In general, Russia is an attractive market for foreign banks, although the latter often perceive it as a large part of business in “Eastern, Central Europe and the CIS countries”. The economy of Russia is in eighth place in the world in terms of gross domestic product(GDP) at current prices - in 2012 this figure exceeded $ 2 trillion, according to the World Bank. The Russian financial markets and, in particular, the banking one, are not yet as strongly developed as the Western ones, which implies the presence of significant potential. Against the backdrop of a global decline in the profitability of banking operations, the Russian banking sector still looks very attractive in terms of profitability indicators for both assets and equity, although overall, its profitability is declining. Also, many large Russian companies are planning expansion to foreign markets and need funding.

Ingrid Crenn-Dietz, a spokesperson for Raiffeisen Bank International, told the site in an interview that the bank regards Russia as a very attractive market. The organization recently conducted an analysis of its markets in Central and Eastern Europe, assessing them according to a number of criteria, including size, growth potential, the bank's position in each market, the contribution of market operations to the group's profitability and customer relations. Based on this analysis, 6 priority markets were identified, in which Raiffeisenbank is ready to focus additional resources in the event of an increase in demand for loans. Russia is one of these key markets. Also, Poland, Czech Republic, Slovakia, Romania and Austria are priority.

Despite the general interest of foreign banks in the Russian market, some organizations, such as Barclays, HSBC, Santander, the KBC group, and others, have partially or completely sold their assets in Russia. There are also some "fresh" deals. For example, in February 2014, the sale of GMBank to Sovcombank was closed, which became known at the end of 2013. JiManiBank was a subsidiary of the multinational corporation General Electric and specialized in retail banking services, especially consumer lending. Now the question of the merger of this bank with Sovcombank is being discussed.

It is known that the determining factor in the development of a number of foreign banks in recent years has been the financial stability of their parent structures. This is due to the recent financial and economic crisis and the problems of the Eurozone. Many foreign banks had to restructure, get rid of risky assets and sell divisions in non-core countries. For example, due to the crisis, the KVS group was forced to sell its business in Russia. Also, the crisis had a negative impact on the business of the key shareholder of Uniastrum Bank - Bank of Cyprus, which is why in the spring of 2013 the Russian bank faced a strong outflow of funds from its accounts. Until now, the foreign expansion of some European banks is highly dependent on the recovery of the economies of their home countries.

However, recently new factors have been added that affect the position of foreign financial institutions in Russia. And for obvious reasons, bank representatives are reluctant to talk about them. Moreover, not all foreign banks are ready to comment on their development in Russia.

Ukraine and foreign banks

Many foreign companies, not only from the banking sector, regard the situation around Ukraine as a risk for any operations in Russia. This affects the banking sector both directly - the banks themselves may consider development in Russia as a risky strategy, and indirectly - foreign business may become afraid to invest in Russia due to high political and macroeconomic uncertainty, which will also affect the development of the Russian banking sector. and including on its foreign participants. The possible isolation of Russia, about which there has been a lot of discussion lately, can also have a negative impact.

In general, the Russian banking sector may become less attractive to foreign organizations due to instability in the foreign exchange market, the lack of positive changes in the equity and collective investment markets, the lack of improvements in creating a favorable investment climate and creating conditions for the development of new business in the country. According to Maxim Vasin, Russia's popularity compared to other BRICS countries began to decline back in 2011, and now the interest in countries such as China and Brazil is much higher. Also, new engines of growth appear in the world - Mexico, Turkey, Korea, Vietnam, Indonesia, Malaysia, South Africa, etc.

Many representatives of the banking community and experts have recently been talking about the uncertainty of the future situation, and this is what makes any conclusions and forecasts difficult. So, it is still unknown whether Russia will be able to keep Crimea, what will come of this "project", how the political crisis in Ukraine will be resolved, and how the West, as well as China, will react to what is happening. In general, it is clear that nothing is clear.

According to Anton Soroko, analyst of the Finam investment holding, the expansion of foreign banks in the Russian banking market stopped back in 2011-2012, so a noticeable cooling in relations between the West and Russia due to the geopolitical crisis in Ukraine should not have a strong impact on the overall dynamics. At the same time, banks with large subsidiaries in Russia, such as Raiffeisenbank, UniCredit Bank, OTP-Bank, are likely to advocate a restrained approach to the current crisis. The loss of such a large volume of business in the event of further tightening of mutual sanctions for these groups could be painful. Anton Soroko believes that it is not worth expecting the arrival of new players in our market in the near future.

In general, the subsidiaries of foreign banks are unlikely to suffer greatly because of the situation around Crimea, and perhaps even win. So far, the US and EU sanctions do not affect their interests and are unlikely to be affected in the future, even in the event of an escalation of the conflict and tightening of sanctions. In addition, in difficult times in Russia, some citizens rely on state banks, others - to foreign ones, so an influx of clients to subsidiaries is possible. Finally, a possible downgrade of the ratings of international agencies is unlikely to negatively affect the funding of subsidiaries, since the parent structures will support them.

If we talk about the risks associated with sanctions, then foreign banks should rather be wary of Russian sanctions. So, according to Larisa Makarenko, Director for Corporate Ratings of the RusRating rating agency, the negative itself directed at Russia from the West does not affect the activities of the currently operating foreign banks. If the situation aggravates and tangible economic sanctions are applied to Russia and its subjects, a response is quite possible, including against foreign banks. It can consist both in the introduction of direct sanctions and in the loss of competitiveness by foreign banks against the background of growing patriotic sentiments of Russians and, as a result, a decrease in the client base in these banks. “It is rather difficult to predict according to what scenario the events will develop, since no one knows yet what concrete measures and steps the US and the EU will take to express their indignation at Russia's actions,” said Larisa Makarenko.

Some analysts expect a decline in the income of investment banks that have helped Russian companies raise capital abroad. Formal sanctions are not yet as harsh as they could be. However, foreign investment banks may suffer in Russia from informal sanctions in the form of increased risks, etc. Some plans for the placement of shares of Russian companies on foreign exchanges may be thwarted or not fully realized due to a sharp drop in quotations of Russian securities due to the Ukrainian crisis. A number of foreign investment banks actively traded Russian securities, earning on commissions. These incomes may also decrease.

Plans for 2014

Raiffeisenbank focuses on premium clients in the retail segment, while in the corporate segment, the organization seeks selective growth through the expansion of product offerings and diversification by attracting medium-sized companies. In addition, Raiffeisenbank intends to accelerate cross-selling in the corporate segment, as well as focus on specialized financial services for corporate clients, such as investment banking, government bonds, cash management. The purpose of the organization is to maintain a strong position on the local ruble corporate bond market, as well as to strengthen its position on the Eurobond market.

According to Igor Bulantsev, Chairman of the Management Board of Nordea Bank, in 2014 Nordea Bank plans to implement the same strategy as in 2013, that is, to increase the efficiency of its activities by actively working with costs, as well as by simplifying internal processes, including through "Lean manufacturing technologies". The most important line of business for the bank will continue to be working with large and largest Russian corporations, as well as with international, including Scandinavian, companies. In retail, the main priority will remain mortgage credit lending and commission business.

At the end of 2013, Anton Soroko named banking services for high net worth individuals (private banking) as one of the most promising segments, since there is huge growth potential in this area. The expert also noted the weakening of interest of credit institutions in the Russian consumer market as a result of the corresponding policy of the Central Bank.

Considering all of the above, it is hardly possible to expect active growth of European and American banks in the Russian market or the arrival of new players. It is also difficult to imagine a sharp decline in the volume of activities of foreign banks in Russia. In view of Russia's intention to expand cooperation with Asian countries, the arrival of Asian banks is possible. And the conversation about the possibility of expansion on the part of Chinese credit organizations is not new, since it is high time for them to expand their presence in other countries.

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Since ProfiComment magazine is a blog about money, we decided to pay attention to the topic of banks with foreign capital, which are still operating in Russia. Why still? Simply because there have been too many innovations in the financial sector lately. We recently mentioned new US sanctions.

Also, you are probably aware of a series of bankruptcies of the largest Russian banks from the TOP-50. Everybody still has stories with BIN-Bank and Otkritie Corporation on their lips. In this regard, more and more attention is directed to banks with foreign capital, as they are more stable and tend to maintain reliability above all else. Therefore, today we will consider a list of foreign banks operating in Russia.

Full list of banks with foreign capital in Russia for 2019

First of all, let's pay attention to the largest foreign banks that open accounts for Russians. These are financial institutions that have been operating in our country for more than a dozen years and in their reliability are in no way inferior to the largest state banks of the Russian Federation. All these foreign banks work in Moscow with individuals.

Largest foreign banks in Russia:

1. UniCredit Bank (Italy)
2. Raiffeisenbank (Austria)
3. Rosbank (France)
4. Deutsche Bank (Germany)
5. Citibank (USA)
6. Orient Express Bank (international group of investors)
7. HomeCredit Bank (Czech Republic)
8. ING Bank (Netherlands)
9. Credit Europe Bank (Turkey)
10. OTP Bank (Hungary)

The first ten banks, which are subsidiaries of foreign financial groups, mainly contain banks from Europe. Historically, territorial proximity and economic ties with continental Europe lead to the penetration of European capital. Therefore, among banks with foreign participation, the overwhelming majority of them are in European countries. Almost all of these foreign banks provide loans to Russians. But there are other banks of European financial corporations operating in the Russian Federation.

European banks and non-profit organizations in Russia:

• Nordea Bank (Sweden);
• DeltaCredit (France);
• Rusfinance Bank (France);
• HSBC Bank or HSBC Bank (UK);
• Banca Intesa (Italy);
• BNP Paribas Bank (France);
• Credit Agricole CIB (France);
• Mercedes-Benz-Bank Rus (Germany);
• Commerzbank (Eurasia) (Germany);
• Volkswagen-Bank Rus (Germany);
• BMW Bank (Germany);
• SEB Bank (Sweden);
• Danske Bank (Denmark);
• Natixis Bank (France);
• Credit Suisse Bank (Switzerland);
• UBS Bank (Switzerland);
• J&T Bank (Slovakia);
• Bank PSA Finance RUS (France);
• IC Bank (Bulgaria);
• CDB Bank (Cyprus);
• Global Exchange (Spain).

By Russian legislation the only permitted form of a bank with foreign participation is through a subsidiary Russian credit institution in which a foreign financial institution has a stake (usually 100%). So the largest banks from the United States have branches in Russia.

American banks in Russia:

• Morgan Stanley Bank (USA);
• Goldman Sachs Bank (USA);
• Western Union DP East (USA);
• PayPal RU (USA);
• American Express Bank (USA);
• J.P. Morgan Bank (USA).

Japanese and Korean banks in Russia:

• Toyota Bank (Japan);
• Bank of Tokyo-Mitsubishi (Japan);
• Sumitomo Mitsui (Japan);
• Uri Bank (Korea);
• Solid Bank (Japan);
• KEB NHB Bank (Korea);
• MS Bank Rus (Japan);
• Mizuho Bank (Japan)

Today the following subsidiaries of Chinese banks are present in Russia:

• China Construction Bank (China Construction Bank);
• Bank of China or Bank of China (Elos);
• ICBC - Industrial and Commercial Bank of China or Commercial and Industrial Bank of China;
• China Agricultural Bank - structure of the State Bank Agricultural Bank of China.

Another list of banks with foreign capital in Russia:

• Mir Business Bank (Iran);
• Plus-Bank (Kazakhstan);
• Moskommertsbank (Kazakhstan);
• MBA-Moscow (Azerbaijan);
• Denizbank Moscow (Turkey);
• Ishbank (Turkey);
• Yapi Credit Bank Moscow (Turkey);
• Asia-Invest Bank (Uzbekistan);
• Indo Commercial Bank (India);
• NBK-Bank (Kazakhstan);
• Ziraat Bank (Turkey);
• Eurasian Bank (Kazakhstan);
• Payyu (South Africa).

According to Russian law, foreign banks in Russia cannot open branches, but they can have stakes in Russian banks. In other words, foreign banks can open subsidiaries in Russia, which are essentially Russian banks, only their founders are fully or partially foreigners.

Foreign banks in Russia

Such banks operate according to Russian laws:

• checked, subordinated to and reported to the Central Bank of Russia,
• do compulsory deductions to the reserve fund.

That is, they are on an equal footing with Russian banks, so it would be more correct to speak not of foreign banks, but of banks with foreign participation.

List of major Russian banks with foreign participation

UniCredit Bank

100% of the shares are owned by UniCredit S.p.A. (Italy)

Basic facts about the bank:

• The bank was established in the USSR in 1989 on October 19.
• The original name is International Moscow Bank.
• Became the first Russian bank with foreign capital.
• The registration number of the general banking license is 1.
• Until October 2016, the only shareholder was UniCredit Bank Austria AG, now UniCredit S.p.A. is a direct member of the bank.
• Included in the list of the Central Bank of the Russian Federation of systemically important banks.
• It is the largest Russian bank.

Read also: The key rate has been reduced by the Bank of Russia to 15%

Rosbank / DeltaCredit / Rusfinance Bank

The banks are part of the Societe Generale group (France).

• Rosbank is the largest and systemically important bank in Russia.
• DeltaCredit deals only with mortgage loans.
• Rusfinance Bank specializes in consumer loans.

Raiffeisenbank

99.96718% owned by Raiffeisen Bank International AG (Austria)

Bank facts:

• Raiffeisenbank was established in Russia in 1996, and in 2007 IMPEXBank was merged with it.
• Systemically important bank.

Interesting bank products:

• 110 days card from Raiffeisenbank - long long period, shareware service.

Citibank

100% owned by American Citigroup.

East Bank

51.62% - Evison Holdings Limited (Cyprus), 32.02% - FINVISION HOLDINGS LIMITED (Cyprus).

Home Credit and Finance Bank

• It is the leader in retail lending.
• It offers an installment card - an analogue of Conscience and Halva, but unlike them, installments are provided in any store, and not only in partner stores.

Part of the OTP Group (Hungary).

OTP Bank is interesting as the creator of the Touch Bank online bank. Touch Bank has no offices, the service takes place remotely. Touch Bank operates under the license of OTP Bank.

The most popular product is the Touch Bank debit card with cashback and income accrued on the balance. The card has two tariffs: Limited with free service and Daily 2.0 with shareware and extended functionality.

The bank also offers Touch Bank online loan and a credit card with very loyal conditions for the borrower.

Setelem Bank

79.2% of shares belong to Sberbank, 20.8% - to BNP Paribas S. A group (France)

The bank specializes in consumer lending in retail stores and car dealers.

Credit Europe Bank

99.99931973% of shares are owned by Credit Europe Bank N. V. (Holland)

These banks are the largest among Russian banks, the share of participation of foreign companies in them is significant.

Foreign banks in Russia inspire the greatest confidence among depositors, after banks with state participation.

Which foreign banks left the Russian market

Today the share of banks with foreign capital is less than 10% and continues to decline. We list only the most famous cases in chronological order.

• 2008: Swedish SEB Bank stopped serving individuals;
• 2010: Spanish Banko Santander sold its Russian subsidiary;
• In the same 2010, the American giant Morgan Stanley sold the City Mortgage Bank in Russia
• 2011: British Barclays left the Russian market, and HSBC closed its retail operations;
• 2012: Belgian KBC sold Absolut Bank;
• 2013: Swiss UBS left only an office for financial advisors in Moscow;
• 2014: the Russian financial division of General Electric "Ji Money Bank" is liquidated;
• 2015: the number of offices of the Swedish Nordea and Austrian Raiffeisen sharply decreased, the British RBS (Royal Bank of Scotland) left the market;
• Also in 2015: the Dutch sold Forus Bank (revoked in 2016), Bank of Cyprus got rid of Uniastrum Bank;
• 2016: Swiss Credit Suisse stopped serving Russian wealthy clients;
• 2017: several Turkish banks left the Russian market at once;
• 2018: the German fund DEG sold a block of shares of RosEurobank to Sovcombank.

It was not sanctions or anti-Western sentiment that played a major role in leaving business in Russia. The main role was played by the deterioration of the overall economic prospects of the Russian economy, in particular, the fall in oil prices. Large players remain on the Russian market with a large volume of lending and a wide network of branches. In other words, those who have something to lose. Subsidiary banks remaining in Russia are doing relatively well and are successfully attracting clients. At the same time, the share of foreign banks in the Russian market is steadily declining. A negative factor for subsidiaries is the restriction on servicing strategically important state corporations, primarily defense ones.

List of foreign banks in Russia

Foreigners are ready to invest substantial sums in the development of such subsidiaries, often exceeding the authorized capital of the Russian financial institution itself, and therefore the confidence in such institutions is higher both among citizens and legal entities.

For this, the citizens of Russia cannot be blamed, since everyone seeks to preserve their honestly earned money and certainly no one is ready to lose them.

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 thoroughly the analysis of the work of a foreign bank is made.

Loopholes in Russian legislation allow more and more foreign banks to gain strength in the financial market every year, provide enormous competition to Russian banks and offer more profitable terms lending and savings programs.

Among the majority of foreign structures in St. Petersburg and Moscow, there is a small list of banks that are the most active, gaining more and more popularity among the population.

See also: Cyprus as an offshore zone

DeutscheBank

As 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.
• Does not provide services to individuals, provides support only to large private capital.

Small businesses 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 under 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 in St. Petersburg and Moscow a full range of services for legal entities and citizens of Russia.
• Clients of this bank can become not only residents of the country, but also foreign citizens who are on a business trip or on business.
• The presence of a huge number of branches allows us to cover the entire Russian market, acting as a counterweight 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 foreign investment.

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.

Serving 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 that positions itself as an investment institution with a fixed income from the shares of companies. A distinctive feature is:

• Availability of a license to carry out financial activities in Russia. The government issued him a license as one of the first foreign organizations to formally establish themselves in the Russian financial services market.
• Has many awards and prizes, is popular among individuals.

See also: How to open an offshore company?

Barclays Bank

Mainly occupies the niche of retail commercial offers in St. Petersburg and Moscow. The list of services is very extensive:

• international transfers;
• deposits in foreign currency;
• providing brokerage services for private capital, has a wide range of financial products targeted at Russian depositors.

Of course, the list of foreign banks in our country is endless, 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 their number is steadily growing every year, and cases of bankruptcy are practically excluded.

How to choose the right foreign bank

When deciding to use banking services, one should not forget that this is primarily a financial institution that is subject to the 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 the quality and reliability of foreign banks represented on the territory of our country.

The first place is definitely taken by 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 on the territory of our country, therefore they compete most often in the field of commission fees, interest on deposits, as well as the speed of service provision.

It should not be forgotten that in a number of regions foreign banks are not serviced, therefore, having in hand a card of a particular bank, one should remember about its capabilities and the territory of service.

Similar publications:

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2. The history of the development of banks and the definition of their concept
3. Enterprise expenses
4. Credit system in Russia

(17 assessments, the average: 4.65 out of 5)

Banks with foreign participation: list

List of foreign banks in Russia

Below is a list of the twenty most famous foreign banks in Russia, which have proven themselves well in the domestic market of credit services.

How can a Russian get a loan from a foreign bank?

If a Russian decides to take out a loan from a foreign bank in the hope of a lower interest rate, then he will be disappointed - the amount of interest will not differ significantly from the rate in Russian banks. However, the place in terms of assets among the banking structures of Russia for such companies is several times higher, therefore, deciding to apply for a loan in a foreign bank, an individual in any case does not lose.

It is necessary to act according to the standard scheme:

You can also use the standard way of applying for a loan, namely, personally come to the nearest branch of the company and fill out the proposed application form. When submitting an application, a potential borrower only needs to have a passport with him. Further, if approved, he will be invited to the bank again to provide required package documents (a list of required acts will be issued when filling out the loan form).

Required documents

To obtain a consumer loan in one of the subsidiaries of international financial organizations, you need to collect a standard package of documents. This list is not much different from a similar package requested from a domestic credit institution. It includes the following documents:

• Application form for a loan;
• Passport of a citizen of the Russian Federation;
• An act confirming the applicant's solvency;
• Certificate of average earnings from a permanent place of work;
• Labor book (copy of all pages).

The above list in each specific organization can be either shortened or supplemented.

Profitable offer

At this time, the most reliable foreign companies in Russia are the following banks:

UniCredit (Italy) - provides consumer loans to Russians without collateral and guarantors on the terms:

• the annual percentage of overpayment - from 13.9%;
• loan amount - up to 3 million rubles;
• crediting period - 24, 36, 48, 60, 72, 84 months.

Rosbank (France) - Big Money program on standard terms:

• interest rate - 14% - 21%;
• amount - 300 thousand - 3 million rubles;
• maturity 13 months - 5 years.

Raiffeisenbank (Austria) - Personal Credit project:

• annual fixed rate - 11.99%;
• loan amount - up to 2 million rubles;
• for a period of 12 to 60 months.

Citibank (USA) - Inappropriate Consumer Loan:

• overpayment percentage - from 14% per year;
• the largest loan amount is 2.5 million rubles;
• maturity period - up to 60 months.

Home Credit (Czech Republic) - "Cash on credit":

• interest rate - from 14.9%;
• credit amount:
• 10,000 - 850,000 for the company's clients (holders of deposits, salary accounts),
• 30,000 - 500,000 - for new consumers;
• the term of provision is 1 - 7 years.

All of the above loans can be issued in rubles. It is permissible to submit a preliminary application on the official Russian resources of banks.

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Introduction

It is well known that the degree of systemic importance of an institution is determined by the specific weight of its contribution to the level of system-wide risk. The following provisions have long become axioms:

1. An increase in a bank's exposure to risk factors common to the sector increases its systemic importance.
2. The interaction between different sources of systemic risk increases the systemic importance of a financial institution (for example, out of two banks with the same probability of default, the larger one is more important to the system).

The work reflects and analyzes sample data from the official published statistics for a number of indicators for 2009-2016. (the degree of concentration of the banking services market, the dynamics of the structure).

Analysis of the dynamics of individual indicators of the largest banks in the G7 plus Russia

The analysis showed that the impact of international financial crisis had a negative impact on all systemic banks in all countries of the world. Only a few banks managed to maintain their rating positions.

* in the TOP-50 Banks of the WorldSt - StableNeg - NegativePos - Positive

The average value of the growth rate of assets of the largest banks for the period under study (2012–016) varied quite significantly. Only the Russian systemic banks showed stable growth at the level of 123.48%. The largest banks in the USA, Canada and Japan showed positive dynamics of asset growth, but at lower rates. So. Wells Fargo & Co (USA) - asset growth 7.93%, U.S. Bancorp (USA) - 5.99%, Royal Bank of Canada (RBC) (Canada) - 9.46%, Bank of Nova Scotia (Scotiabank) - 8.17%, Bank of Nova Scotia (Scotiabank) (Canada) - 5.52%; Oita Bank (Japan) - 10.79%, Nanto Bank (Japan) - 18.63%.

The opposite situation is developing in the banking systems of Great Britain, Germany and Italy. Thus, the increase in assets of UniCredit (Italy) for the specified period amounted to -1.8%, a significant reduction in assets was shown by Banca Popolare di Milano (Italy) - by 20.8%, Deutsche Bank, Commerzbank and NRW.BANK became the leaders in falling assets in Germany. ... And in Great Britain, the outsiders of the growth were Royal Bank of Scotland and Co-operative Financial.

Figure 1 - Dynamics of the growth rates of assets of the largest banks G-7 + Russia (%)

Analysis of the dynamics of development of Russian systemically important banks

The instability of the general economic and political situation had an impact on the Russian banking system... It is important to note that the Russian banking services market is characterized by a significant level of concentration. Comparing NWB's liabilities with the sector's indicators, one can see that systemically important banks account for the bulk of the debt, which is reflected in Table 2. Thus, systemically important banks account for 63.3% of all issued loans (of which two banks - PJSC Sberbank and PJSC VTB account for over 50%), including 69.2% of loans to individuals, 61.2% of loans to legal entities. At the same time, systemic banks accumulate 49.9% of all overdue debts of individuals and 43.7% of debts of legal entities. Thus, our banking system is more likely a three-tier one: the highest level, of course, belongs to the Central Bank of the Russian Federation, the second is represented by a cartel-like union of two banks with significant state participation (the share of the Central Bank of the Russian Federation (Bank of Russia) in the capital of Sberbank PJSC is 52.32%; the share of the Russian Federation represented by the Federal Agency Rosimushchestvo (Russia) in PJSC VTB is 60.9%) and the third is the other mass of banking and non-bank credit institutions.

Table 2 - The place of systemically important banks in the borrowed funds market

In general, the structure of the modern banking services market in various countries of the world is precisely monopolistic competition with a Lerner index varying from 0.2 to 0.4. In terms of the degree of competition, the Russian banking services market is similar to the markets of some countries with economies in transition - Belarus, Hungary, Poland, the markets of the BRICS countries (with the exception of China, whose market is even more monopolized).

The high degree of monopolization can be explained by the fact that the marginal costs of medium and small banks are generally higher than the marginal costs of large banks, which is explained, in turn, by the lower cost of external funding available to credit banks, as well as by a lower level of reserve requirements. If we take into account the fact that the prices for banking products in large banks are lower than in small and medium-sized banks (by about 2 percentage points), it becomes clear that more reliable borrowers naturally go for loans to large banks, due to which the latter is observed more low level risk.

And it is these banks that account for the bulk of issued and attracted loans in the interbank market (Fig. 2).

Figure 2 - Dynamics of attracted and issued interbank loans in 2009-2016

In addition, two more specific features can be identified that contain systemic risk:

1) significant market segmentation. A significant part of transactions in the interbank market is carried out between banks related to each other by common business interests, but this is what becomes a catalyst that accelerates the development of negative phenomena in the event of problems (interbank loans are provided only to a limited group of counterparties, for other credit institutions this source of financing becomes inaccessible );

2) the largest Russian banks are borrowers in the world market. On the one hand, this gives them new sources of capital, on the other, it creates dependence on such sources of financing and thereby increases the vulnerability of the Russian banking sector to the impact of global economic shocks, which was observed in 2008 and 2014-2015.

Comparing NWB's liabilities with sector indicators, we can see that systemically important banks account for the bulk of term and current customer funds, which is reflected in Fig. 3.

Figure 3 - Dynamics of fixed-term and current funds in 2009-2016, thousand rubles

The absolute value of the capital of the NWB is growing, but at the same time the share of capital in the assets of banks is decreasing, since the placement of funds occurs at a faster pace, which increases the risks in the sector. At the same time, the aggregate capital adequacy ratio in the banking sector as a whole has declined over the year and has a downward trend, the reason for which is the outstripping growth of risk-weighted assets.

Conclusion

The analysis performed allows us to draw the following conclusions:

1. There are significant structural differences in the credit markets and for individuals and businesses;
2. These structural differences are increasingly alienating systemic banks from other banks.
3. There has been a tendency for differentiation in the group of systemic banks themselves, which in fact leads to the formation of a three-tier banking system: the Central Bank, as a mega-regulator; Sberbank as a mega-creditor and many other banks.
4. The high level of concentration in the banking market will undoubtedly strengthen the introduction of universal and basic banking licenses.

Bibliographic list:

Kartuesov A., Onukhov A., Doronkin M. Lending to small and medium-sized businesses in Russia: competition is intensifying. URL: http://raexpert.ru/ docbank / 700 / 63f / d16 / c211fae4b8a08dca04148c0.pdf

Lebedinskaya O. G., Timofeev A. G. Systemic significance of the bank: some questions of methodology // Management of economic systems: electronic scientific journal. 2016. No. 3 (85). P. 10.

Lebedinskaya O. G., Timofeev A. G. Methodological aspects of determining the systemic importance of the bank // Education. The science. Scientific personnel. 2016. No. 2. S. 118-119.

Bank of Russia Ordinance No. 3737-U dated July 22, 2015 “On the Methodology for Determining Systemically Important Credit Institutions”.

Kartuesov A., Onuhov A., Doronkin M. Crediting of small and medium business in Russia: the competition is exacerbated. URL: http://raexpert.ru/ docbank / 700 / 63f / d16 / c211fae4b8a08dca04148c0.pdf

Lebedinskaja O.G., Timofeev A.G. System significance of the bank: some issues of methodology // Management of economic systems: an electronic scientific journal. 2016. No. 3 (85). C. 10.

Lebedinskaja O.G., Timofeev A.G. Methodological aspects of determining the bank's system significance // Education. The science. Scientific staff. 2016. No. 2. P. 118-119.

Instruction of the Bank of Russia of July 22, 2015 No. 3737-U "On the methodology for determining systemically important credit institutions".

Foreign banks in Russia are attractive to potential investors and are becoming more and more popular. Experts explain this by the fact that the Russian financial and banking system does not inspire confidence in the population - at the moment the country's economy is not in the best condition. But at the same time, domestic banks are still in leading positions in the rating indicators of financial institutions in the Russian Federation.

Foreign banks operating in Russia offer investors favorable terms of cooperation. The list of the most popular of them is presented below.

Basic information

The current domestic legislation states the following: the opening of branches of non-Russian banking institutions on the territory of the Russian Federation is prohibited. At the same time, it is allowed to launch subsidiaries within the Russian Federation - their part of the capital belongs to residents of other states. Such organizations with foreign capital operating within the borders of the Russian Federation must comply with the legislation of the Russian Federation and be subordinate to the domestic Central Bank.

Thus, formally, international banking institutions do not have branches in Russia. However, many subsidiaries of non-Russian financial institutions have been opened - their list is discussed below.

Foreign banks in Russia: the most popular in 2018

Currently, 69 commercial enterprises operate in the country. The founders' funds are the property of foreign financial groups. Many of them cooperate only with legal entities.

1. UniCredit Bank

The institution began operating in 1989 and at that time was called the International Bank of Moscow.

In 2007, its name was changed - UniCredit Bank. The institution is part of the largest banking network, which includes 22 countries in Europe. It occupies the 12th position in the rating indicators. The legal entity is located in Italy, Rome.

UniCredit Bank is the first organization to receive a license to conduct financial activities within the Russian Federation from the Central Bank.

2. Raiffeisen Bank

It was formed in the 19th century, in Russia it began to function only in 1996. Legally the organization is located in Austria, Vienna. As for the headquarters of the enterprise, it operates in Moscow.

Both legal entities and ordinary citizens cooperate with the organization. In the rating indicators, the company is assigned the 13th position.

3. Rosbank

It is a subsidiary of the French Financial Group. It started its work in Russia in 1998. A foreign financial group owns the overwhelming majority of shares, therefore it fully controls the work of a commercial banking organization in the Russian Federation.

4. Citibank

American banks are represented in the Russian Federation by a subsidiary of Citibank. In the United States, the organization appeared in 1812, in Russia it received a general license in the fall of 2001.

Citibank cooperates with both organizations and ordinary citizens. The company is assigned 21 positions in the rating indicators.

The headquarters of Citibank is located in the capital of the Russian Federation.

5. Home Credit Bank

It is a leading enterprise in the processing of consumer loans to individuals. It is owned by the international Amsterdam financial group PPF. In the Russian Federation, the institution started its work in 2002.

Initially, the institution specialized in obtaining targeted lending at retail outlets. In 2002, the organization signed an agreement with Eldorado, after 2 years it announced the first issue credit cards, and a year later the institution had its first office department. At the same time, the bank began to offer its customers consumer lending.

6. OTP Bank

The owner of the organization is the Hungarian financial group OTP Group. In the Russian Federation, the organization began its work in 2008, and in 2009 it took the second position in obtaining consumer loans.

7. Rusfinance-Bank

In the Russian Federation, this banking organization is not very popular among Russians - in the rating indicators it is assigned only 63rd place. The bank specializes in issuing credit bank cards, car loans, consumer loans. About 7 years ago, the institution took first place in the number of car loans issued. This is one of the most serious and largest institutions that deal with car loans.

8. Credit Europe Bank

9. Delta Credit

The banking institution specializes in mortgage lending. He started his work in Russia in 1998, in 2005 he was joined to the French financial group. The full owner of the bank's shares is PJSC Rosbank.

Other subsidiaries of banks in Russia

Other subsidiaries of foreign banking organizations operate within the Russian Federation.

Foreign banks operating in Russia include the following:

• Toyota-Bank (Japanese bank);
• Plus-Bank (an institution established in Kazakhstan);
• Mercedes-Benz Bank Rus (German institution);
• Commerzbank (Eurasia);
• Volkswagen Bank Rus (German institution);
• Bank of China (Chinese enterprise).

Is it possible to get a loan abroad

Loans from foreign banks are distinguished by a low interest rate. So, if you take out a mortgage in the USA or European countries, then its size will be about 5-6%, and a consumer loan will cost 7-10%.

Unfortunately, such loyal conditions at the% rate do not apply to subsidiaries of foreign countries operating within the Russian Federation. Such banks are guided by the peculiarities and rules of the Russian market.

As for obtaining a loan abroad, foreign banks prefer to work either with the citizens of their country, or with foreigners who have officially resided in their state for a long time, are employed, etc.

This distrust of Russians is explained as follows. A potential borrower issues a loan in one state, and if any controversial situation, then it will be considered under the laws of his home country. As a result, few Russians have the opportunity to become a client of a foreign banking organization.

However, people who live abroad on a permanent basis or have a residence permit have a good chance of getting approval from foreign banks. Also, citizens of the Russian Federation who are engaged in business activities abroad have the opportunity to apply for a loan.

Attention! According to the laws of some European countries, a person who has acquired real estate abroad, rents it out and pays tax to the country, automatically becomes an entrepreneur.

There are two methods of action for those who are planning to become a client of a foreign bank:

• send applications by e-mail to foreign banks (you will need to write them in English);
• study thematic forums on the network, find those who managed to get a loan from a foreign banking organization.

So, those people who open a deposit in a foreign bank have a high chance of getting a loan in it.

In addition, one should take into account the following drawback: if you want to spend money on credit in Russia, you will need to pay the commission that is charged for an international money transfer. The funds on the loan will attract the attention of the Russian tax inspection. As a result, the aggregate cash expenses may outweigh the advantage of a low% rate of loans issued in foreign banking organizations.

Summing up

Foreign banking organizations are of interest to Russians. Increasingly, they begin to pay attention to offers from subsidiaries of foreign banking institutions. However, the rating indicators for the reliability of organizations indicate that Sberbank, VTB24, Rosselkhozbank and other domestic institutions are among the ten most reliable financial organizations in the Russian Federation.

Foreign organizations operate successfully on the territory of the Russian Federation and do not plan to move from the domestic lending market. The companies are strengthening their positions on the Russian market and are expanding their network of branches.

As for the foreign banks themselves, they are more willing to cooperate with the citizens of their country or with foreigners who have been living on the territory of their state for a long time.

In July, he revoked the license of the financial institution. Meanwhile, practice shows that such lawsuits nothing good for the former owners of credit institutions does not end there and the chances of winning are zero. However, this time it is not so simple. The fact is that the lawsuit was filed by David Gaon, a representative of the well-known Gaon family, which became famous for many years of litigation with Russia over a contract for the supply of food in exchange for oil. News.ru figured out which of the top 50 Russian banks are related to foreign financial structures.

It is important to understand that credit institutions with foreign capital are fully subject to Russian law. Foreign participation indicates that a certain stake in the bank belongs to a foreign owner. Foreign banks cannot open their branches in Russia directly; they can own a Russian legal entity and operate in the format of a “subsidiary” organization.

UniCredit Bank - largest bank in Russia with foreign capital. All voting shares of the bank belong to the Austrian division of the Italian financial group UniCredit. Has been working in the Russian Federation since 1989. It was originally called the International Moscow Bank (IMB). It is noteworthy that it was the first Russian financial institution with Western capital. Its founders were five foreign banks: Bayerische Hypo- und Vereinsbank (HVB), Creditanstalt-Bankverein, BancaCommercialeItaliana, CreditLyonnais and Kansallis-Osaki-Pankki. Currently, the credit institution is actively developing its branch network and retail business. One of the main directions of the bank's work is also servicing companies. It has 13 branches, 12 representative offices in Russia and one in Belarus, as well as more than 60 additional and 16 operational offices. The number of employees as of July 1, 2017 was 4,540 people. The bank serves over 27.8 thousand corporate and about 1.9 million private clients.

Global Look Press / ZUMAPRESS.com / Jaap Arriens

Raiffeisenbank ranks second in the list of the largest foreign-owned banks. Today the only shareholder of the bank is Raiffeisen Bank International AG (100% share). Raiffeisenbank was established in 1996 as a bank with wholly Austrian capital under the name Raiffeisenbank Austria. The organization consists of five branches: in St. Petersburg, Yekaterinburg, Novosibirsk, Nizhny Novgorod and Krasnodar; more than 120 additional offices, two operational cash desks outside the cash center and 54 operational offices. It serves over 80 thousand legal entities. Plastic card holders have 1,300 ATMs at their disposal, as well as a partner ATM network (Gazprombank, Moscow Credit Bank, Rosbank, Rosselkhozbank, Uralsib, Energotransbank, UniCredit Bank). In addition, in June 2016, the bank merged its ATM network with Binbank's ATM network. As of July 1, 2017, the bank had 7,843 employees.

News.ru/Sergey Bulkin

On the third line is Rosbank. It was founded in 1993 and was called then "Independence". During the 1998 crisis, it was bought by the industrial and financial group Interros. Today, the holder of 99.95% of the shares is the French banking group Societe Generale. The remaining 0.05% is held by minority shareholders. In 2017, its network consisted of 365 sales offices. The Bank provides all types of services to private clients and organizations in 70 regions of the Russian Federation. 10 thousand people work here today (excluding subsidiary banks and companies). In total, 4 million individuals and 80 thousand corporate clients are served.

News.ru/Sergey Bulkin

Citibank, which is in the penultimate place in the top 5 banks in Russia with foreign owners, appeared in 1993 initially as a bank with entirely foreign capital. Citibank is a subsidiary of the American Citigroup. In Russia, it has 11 branches in Moscow, three in St. Petersburg and one each in several cities with a population of one million, such as, for example, Ufa, Volgograd, Yekaterinburg and others. In recent years, the bank has reduced its presence in Russia and cut about half of its offices. More than 3,100 employees worked here in 2017. The credit institution provides services to over 600 thousand individuals and over 3000 companies. For "physicists" the bank offers the following services: savings and savings accounts, deposits, loans, debit and credit cards, money transfers and others. For companies - services for operations with securities, collection, letters of credit, loans, etc.

AGN "Moscow" / Andrey Nikerichev

East Bank

The Eastern Bank closes our list. It was founded in 1991 in the city of Blagoveshchensk, Amur Region. Currently, the shares of the financial institution belong, among other things, to foreign holders. So, 51.62% of the bank's shares are owned by the Baring Vostok fund. In addition to the head office in Blagoveshchensk, the bank has eight branches in Russian cities, 129 additional offices, several operational cash desks and about 500 operational offices. The number of employees in 2017 was over 9 thousand people. For legal entities, the bank offers services: lending, corporate deposits, bank guarantees, salary projects etc. For private clients - plastic cards, deposits, electronic services, money transfers and others.

Summing up, we add that now in Russia there are several dozen banks with partial or full foreign capital. Among them there are both small and rather large ones. Some have a rather narrow specialization, in particular, they provide car loan services (for example,