home Health technologies Societe Generale bought a controlling stake at a record price. Description, history and activities of Rosbank Rosbank belongs to

Societe Generale bought a controlling stake at a record price. Description, history and activities of Rosbank Rosbank belongs to

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Rosbank, Rosbank official website
Public joint stock company

Rosbank- a universal bank, based on the results of 2014, Rosbank ranks 12th in terms of assets among Russian banks in the Russian Federation in terms of assets. Full name - Public Joint Stock Company ROSBANK - PJSC ROSBANK. The headquarters is located in Moscow.

Rosbank is part of the international financial group Société Générale. On July 1, 2011, the process of consolidation of the Russian assets of the Société Générale Group was completed; another Russian bank of this group, Banque Société Générale Vostok, was merged with Rosbank.

1. History
- 1.1 Merger with BSGV and rebranding
2 Owners
3 Manual
- 3.1 Board of Directors
- 3.2 Board
4 Activities
5 Regional network
6 Logo
7 Notes
8 Links

Story

Founded in 1993 as JSCB "Independence" (JSC), subsequently changed its organizational and legal form several times (1994 - LLP, 1996 - CJSC). In September 1998, Interros Holding Company acquired the bank and renamed it JSCB ROSBANK (CJSC). In 1999, Rosbank received the organizational and legal form of an open joint stock company.

In 2003, Rosbank acquired the UWC banking group for $200 million, thereby significantly expanding its branch network.

On December 1, 2005, he became a laureate of the “Golden Banking Lion” award in the category “Leader in the field of consumer lending.”

In June and September 2006, blocks of 10% shares of the bank for $317 million each were sold to the French banking group Société Générale. The French bank also received an option to purchase another 30% plus two shares of Rosbank for $1.7 billion by the end of 2008, which was exercised in February 2008.

On May 2, 2012, a cooperation agreement was signed between Rosbank and Alfa Bank. The parties agreed to cooperate and also united the ATM network.

On November 23, 2012, Rosbank signed an agreement to sell Belrosbank to Alfa-Bank, which plans to expand its positions in the Republic of Belarus.

Since 2010, Rosbank has been a partner of the Russian Sustainable Energy Financing Program.

On May 15, 2013, the chairman of the board of the bank, Vladimir Golubkov, as well as vice-president Tamara Polyanytsyna were arrested on suspicion of receiving a bribe of 5 million rubles from Andrei Kovalev. On May 27, Rosbank announced the dismissal of the arrested Vladimir Golubkov; Until the approval of the candidacy and appointment by the board of directors of a new chairman of the board, the duties of the head of Rosbank were temporarily assigned to the first deputy chairman of the board, Igor Antonov.

Merger with BSGV and rebranding

In February 2010, joint plans of the bank's shareholders (Societe Generale and Interros) to consolidate the Russian assets of the Group were announced: Rosbank, Societe Generale Vostok Bank, DeltaCredit Bank and Rusfinance Bank. The total volume of assets was estimated as of January 1, 2010 at 656 billion rubles. Upon completion of the merger, Rosbank became the third largest private bank in Russia by assets, behind Alfa Bank and its principal competitor, Unicredit Bank.

In February 2010, BSGV and Rosbank united the ATM network. At all Rosbank ATMs, BSGV cardholders were able to make transactions without additional fees, and vice versa.

In January 2011, Rosbank became the owner of 100% of the shares of Rusfinance Bank and DeltaCredit Bank.

On April 15, 2011, the shareholders of Rosbank decided to reorganize the bank in the form of merging CJSC BSGV into it, which took place on July 1, 2011. Also in the spring of 2011, the bank began rebranding, which consists of switching to the symbols of the Société Générale group. The bank's new logo became a red-black square with a white stripe, the font of the bank's name was changed, and information about its affiliation with the Société Générale group appeared under it. In the summer of 2011, new symbols were introduced on bank cards, a legal unification was carried out, and from October 2011, all branches and ATMs became completely equivalent, and the process of changing signs on branches began. The network of partner banks was also significantly expanded, and consequently the number of ATMs and terminals that Rosbank clients can use without commission.

Owners

The main shareholder is the French bank Société Générale (99.4216%).

In December 2008, Interros pledged 19.99% of shares to VTB to secure loans received. In December 2013, VTB sold Société Générale almost 10% of Rosbank shares. In April 2014, Société Générale bought the remaining 7% of Rosbank shares from Interros.

Didier Augel is the chairman of the bank's board of directors.
Dmitry Olyunin - Chairman of the Board

Governing body

Dmitry Olyunin. Having worked in the VTB Group for 9 years (from May 2013 to November 2013, he served as President and Chairman of the Management Board of TransCreditBank OJSC), and continued his career as Chairman of the Board of Rosbank. Date of entry into office: December 2, 2013.
Francois Bloch - First Deputy Chairman of the Board - Member of the Board. Finance, risks, HR, compliance and constant control
Alexi Lacroix - Deputy Chairman of the Board - Member of the Board. Retail business, contact center management and development
Jean-Philippe Aractingy - Deputy Chairman of the Board - Member of the Board. Financial block, work with suppliers
Ilya Polyakov - Deputy Chairman of the Board - Member of the Board. Corporate business, client relations and investment banking, SG CIB for Russia and the CIS
Ulan Ilishkin - Deputy Chairman of the Board. Corporate communications, development of a control system and improving the quality of customer service, working with wealthy clients and asset management, coordination of collection business
Jürgen Grib is Deputy Chairman of the Board. Capital Markets and Investment Banking
Perizat Shaykhina - Deputy Chairman of the Board - Member of the Board. Risk management.
Konstantin Artyukh - Deputy Chairman of the Board - Member of the Board. Legal and administrative blocks.

Activity

The bank is a multi-profile financial institution that provides a full range of banking services to both individuals and legal entities. The bank has a general license to carry out banking operations, licenses of a professional participant in the securities market, licenses to carry out operations with precious metals, etc. Rosbank's clients are more than 3 million private clients, 73 thousand corporate clients.

In the ranking of the largest banks by first-order capital, compiled by The Banker magazine (July 2012), Rosbank ranks 5th among Russian banks and 1st among private banks in the country. The bank's assets, as of October 1, 2012 according to RAS, amount to 1.2 trillion rubles, capital - 81.4 billion rubles, net profit for the third quarter of 2012 - 9.7 billion rubles.

Regional network

To coordinate the activities of the bank's divisions, a multi-level management system has been formed: the head office in Moscow, 10 regional directorates (Moscow, St. Petersburg, Nizhny Novgorod, Yekaterinburg, Rostov-on-Don, Novosibirsk, Krasnoyarsk, Vladivostok, Lipetsk, Yaroslavl), as well as operational offices, additional offices and operating cash desks. At the beginning of 2014, Rosbank had more than 600 branches, 1,200 points of sale in 340 cities and towns in Russia.

Logo

Changed 2 logos. The current one is the 3rd in a row.

In 1998-2005, the logo was a hexagon made up of two jackdaws and a dark blue dot, under it was the signature “Rosbank” in dark blue, and below it was the signature “Joint-Stock Commercial Bank” in dark blue.
In 2005-2011, the hexagon was placed on a blue hexagon and it became white, at the bottom or on the right is the signature “Rosbank” in blue with a large letter “P” and the font changed.
From 2011 to the present, the logo is a red and black square with a white stripe, to the right of it the word “Rosbank” is in black and the font has changed, below is information about belonging to the Société Générale group.

Logo in 1998-2005.

Logo from 2011 to present.

Notes

Rosbank management
1 2 3 4 5 Quarterly report on securities of OJSC AKB ROSBANK for the first quarter of 2014
Banks of Russia. Key performance indicators (thousand rubles) - 2014
1 2 Quarterly report on securities of OJSC AKB ROSBANK for the 2nd quarter of 2011
On December 1, in Moscow, in the Celebration Hall of the Catherine Palace, the First ceremony of presenting the National Banking Prize, established by the Association of Russian Banks and the National Banking Journal (Russian), took place. "Association of Russian Banks" (December 2, 2005). Retrieved August 2, 2013. Archived from the original on August 13, 2013.
Alexander Zayats. The banking sector is expecting mergers and acquisitions. Tut.by (November 11, 2012). Retrieved November 26, 2012. Archived from the original on November 29, 2012.
Rosbank has become a partner of the Russian sustainable energy financing program. IA REGNUM (01.11.2010). Retrieved January 28, 2014.
The head of the board of Rosbank and his deputy were detained for bribery
Businessman Andrei Kovalev told how Rosbank extorted millions from him
Rosbank fired the arrested chairman of the board.
Elena Khutornykh. The first after state banks // Vedomosti, 30 (2548), February 19, 2010.
Banki.ru | Bank ratings
Banque Societe Generale Vostok and Rosbank have expanded the functionality of their ATMs (February 26, 2010). Retrieved June 17, 2011. Archived from the original on June 2, 2012.
Rosbank acquired 100% of the shares of DeltaCredit Bank and Rusfinance Bank. Banki.ru (January 18, 2011). Retrieved June 17, 2011. Archived from the original on June 2, 2012.
Notice of the decision made to reorganize a credit institution (PDF). Retrieved June 17, 2011. Archived from the original on June 2, 2012.
Pavel Nefedov. We are moving to a new corporate identity (inaccessible link - history). Retrieved June 17, 2011.
Changes that occurred in the list of affiliates for the period from 04/04/2014 to 04/11/2014.
Yulia Fedorinova, Vasily Kudinov, Dmitry Simakov. Potanin shared the bank. // Vedomosti, No. 001 (2271), January 11, 2009.
VTB sold Societe Generale almost 10% of Rosbank shares. // banki.ru, 12/19/2013.
Societe Generale bought a 7 percent stake in Rosbank from Interros. // RBC, 04/12/2014.
Rosbank management

Rosbank Information About

Click the button next to the bank description to view the text on the source website.

OJSC JSCB "ROSBANK" is one of the largest financial institutions in Russia. The strategic direction of ROSBANK's development is financial support for small and medium-sized businesses.

Small and medium-sized business lending programs allow you to quickly and conveniently obtain funds for running and developing your business. The decision to issue a loan is made taking into account the individual characteristics of the client’s business in the shortest possible time.

The bank was registered in 1993 under the name "Independence". In the crisis year of 1998, it was purchased by structures of the industrial and financial group Interros and acted as a bridge bank for the bankrupt ONEXIMbank of Vladimir Potanin and Mikhail Prokhorov. In 2002, Rosbank took over the investment bank MFK, also from the Interros group, whose main industrial asset is MMC Norilsk Nickel, and already in 2003, for just $200 million, it bought the UWC banking group, at that time the largest retail group in Russia.

It has 61 branches, 530 sales offices and 4 subsidiary banks in various regions of Russia*, almost 50 offices in Moscow, 6 foreign subsidiaries, among which the largest are Rosbank S.A. (Switzerland) and Belrosbank (Belarus).

Rosbank's 16,500 employees (excluding subsidiaries and companies) today serve 60 thousand corporate and 5 million private clients. The bank has issued more than 3 million cards, including over 55 thousand chip cards. The number of ATMs reached 1,370 terminals (of which 109 are ATMs with the cash-in function).

In October 2006, the acquisition of Rosbank shares by the French Societe Generale** was completed. The French bought 20% minus 1 share. The market value of Rosbank's business was assessed at a ratio of almost 4.2 to the bank's equity capital, which is still a record among CIS banks.

In August 2006, Societe Generale also received an option to acquire a 30% stake plus two shares of Rosbank for $1.7 billion with a redemption period until December 31, 2008, and in mid-February 2008 Societe Generale purchased an additional 30% of the bank's shares, becoming the owner of a controlling stake (the total purchase amount was $2.33 billion). To date, Societe Generale has consolidated 57.5% of the shares. Another 37.31% belongs to Pharanco Holdings, controlled by Vladimir Potanin, the rest is in the hands of former and current top managers of the bank and “market investors.”

In Russia, the interests of Societe Generale are already represented by Bank Societe Generale Vostok, DeltaCredit Bank and Samara Rusfinance Bank, merging with the Moscow bank Stolichnoe Credit Partnership.

In The Banker’2008 ranking, Rosbank, with consolidated assets of $16.6 billion, rose to 439th place in the global ranking table and to 347th place in terms of Tier 1 capital ($1.48 billion). The Societe Generale banking group ranks 11th in it with consolidated assets of $1,577.745 billion (27th place in Tier 1 capital - $31.8 billion).

In Russia, Rosbank ranks 10th in terms of net assets (436.6 billion rubles as of July 1, 2008, according to RAS). Own funds, including subordinated loan - 43.26 billion rubles.

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* "Rosbank-Volga", "Povolzhskoe OVK", "Central OVK" and "Privolzhskoe OVK". In December 2006, First OVK, Siberian OVK and Far Eastern OVK (OVK is an abbreviation for Mutual Credit Society) were merged with Central OVK Bank.

** The French financial group is represented in 77 countries with almost 3 thousand branches and 120 thousand employees, but the main activity is carried out in France. The group's retail business covers more than 22 million customers in 26 countries. Market capitalization - $51.88 billion as of 09/01/2008 (lost almost 50%: $98.93 billion as of 01/01/08). Assets - about 1 trillion euros, profit in the first half of 2008 - 1.74 billion euros (3.175 billion euros for the first half of 2007).

Rosbank is a Russian commercial bank, ranked eighth in the country in terms of net assets. Full name - Open Joint Stock Company Joint Stock Commercial Bank "Rosbank". The headquarters is located in Moscow.

Founded in 1993 as a captive bank of the Interros group.

In 2003, Rosbank acquired the UWC banking group for $200 million, thereby significantly expanding its branch network.

In June and September 2006, blocks of 10% shares of the bank for $317 million each were sold to the French banking group Societe Generale. The French bank also received an option to purchase another 30% plus two shares of Rosbank for $1.7 billion by the end of 2008, which was exercised in February 2008.

Owners and management

The bank is controlled by foreign capital. The main shareholder at the end of December 2008 is the French bank Societe Generale (57.6% of shares). Another major shareholder is a representative of the Interros group, KM Technologies (Overseas) Limited (37.3073%). In December 2008, Interros pledged 19.99% of shares to VTB to secure loans received.

The chairman of the board of directors of the bank is Philippe Henri Citern. Chairman of the Board - Vladimir Golubkov

Rosbank's clients include more than 3.5 million individuals, 60 thousand small and medium-sized enterprises, 7 thousand large companies.

The bank's assets as of December 31, 2007 according to IFRS amounted to 408.06 billion rubles, capital - 40.9 billion rubles, net profit for 2007 - 6.17 billion rubles.

Auditor - Deloitte Touche Tohmatsu.

To coordinate the activities of the bank’s divisions, a four-level management system has been formed:
– Head office in Moscow
– Territorial departments: Far Eastern, Ural-Siberian, Volga, as well as the Moscow branch and the North-Western branch
– Branches (total 66)
– Additional offices and operating cash desks

The bank's branches operate in 70 regions of Russia; the bank has 55 branches in Moscow. More than 600 service points are open in Russia.

Introduction

In the Russian Federation, the creation and functioning of commercial banks, the legal regulation of banking activities is based on the Federal Law “On Banks and Banking Activities”, the Federal Law “On the Central Bank of the Russian Federation”, the Constitution of the Russian Federation and other Federal Laws, regulations of the Bank of Russia.

Currently, commercial banks represent one of the most important elements of the national economy. Commercial banks operate on the basis of the Charter, which is adopted by its participants.

Pre-diploma internship took place at a branch of the commercial bank Rosbank (OJSC) in Nizhny Novgorod from September 1, 2012. to October 26, 2012

The purpose of completing pre-diploma internship at a branch of the commercial joint-stock bank Rosbank (OJSC) in Nizhny Novgorod was to study the activities of this credit organization for further more detailed work on the diploma project. During the internship at this credit institution, the following tasks were set and achieved:

Familiarity with the main activities and strategy of the Bank;

Expanding understanding of the work of the Bank’s credit department;

Study of the Bank's main loan products;

Analysis of the Bank's credit policy and financial performance.

This report contains information about the Bank, main products, as well as an analysis of the balance sheet as of January 1, 2008. and as of January 1, 2009. Attached is the Profit and Loss Statement for the specified periods and the turnover sheet data for the accounting accounts.

History of Rosbank

Joint-stock commercial bank "Rosbank" is a diversified private financial institution, one of the leaders of the Russian banking system. As of March 1, 2010, Rosbank's equity capital amounted to 43,014.83 million rubles, and total assets - 1,194,962.03 million rubles. Based on the results of the second quarter of 2011, it ranks thirteenth in the Russian Federation in terms of assets.

Rosbank is part of the international financial group Société Générale. On July 1, 2011, another Russian bank of this group, Banque Societe Generale Vostok, was merged with it.

Rosbank has credit ratings from three major international agencies: Moody's, Standard & Poor's and Fitch. In November 2008, the authoritative British magazine “The Banker” awarded Rosbank the prestigious “Bank of the Year” award, recognizing it as the best financial institution in Russia.

Founded in 1993 as JSCB "Independence" (AOZT), subsequently changed its organizational and legal form several times ( 1994 -- LLP, 1996 -- Company). In September 1998 HC " Interros» acquired the bank and renamed it JSCB ROSBANK (CJSC). IN 1999 Rosbank became Open joint stock company.

IN 2003 Rosbank acquired a banking group for $200 million HVAC, thereby significantly expanding the branch network.

In June and September 2006 packages of 10% shares of the bank for $317 million each were sold to a French banking group Société Générale. The French bank also received an option to purchase until the end 2008 another 30% plus two shares of Rosbank for $1.7 billion, which was sold in February 2008.

In February 2010, joint plans of the bank’s owners (Societe Generale and Interros) to merge Rosbank were announced, Bank "Societe Generale Vostok", jar " Deltacredit" And " Rusfinance Bank" As a result, it was expected that the largest private bank in Russia would be created (total assets were estimated at 656 billion rubles as of January 1, 2010) . However, upon completion of the merger, Rosbank became only the third largest private bank in Russia in terms of assets, falling behind Alfa Bank and the principal Austrian competitor - UniCredit Bank.

In February 2010, BSGV and Rosbank united the network ATMs. In all ATMs Rosbank holders of BSGV cards can make transactions without additional commissions, and vice versa.

In January 2011, Rosbank became the owner of 100% of the shares " Rusfinance Bank" and bank " Deltacredit» .

April 15 2011 Rosbank shareholders decided to reorganize the bank in the form of merging CJSC " BSGV", which took place on July 1, 2011 . Also in the spring of 2011, the rebranding of the bank began, which consists of switching to the symbols of the group Société Générale. The bank’s new logo became a red-black square with a white stripe, the font of the bank’s name was changed, and information about the group’s affiliation appeared under it. Société Générale. In the summer of 2011, new symbols were introduced on bank cards, a legal unification was carried out, and from October 2011, all branches and ATMs became completely equivalent, and the process of changing signs on branches began. The network of partner banks was also significantly expanded, and consequently the number of ATMs and terminals that Rosbank clients can use without commission.

March, 1993	KB “Independence” was founded
September 1998	CB "Independence" was renamed by shareholders (Interros company) into JSCB "ROSBANK" (OJSC). General license No. 2272
September 2000	Rosbank shareholders approved the decision to merge ONEXIM Bank with it. The strategic direction of development has become work with corporate clients
December 2002	Consolidation of the business of Rosbank and IFC Bank strengthened Rosbank’s human resources and technologies for the development of the investment direction
July 2005	Successful completion of the consolidation of the business of Rosbank and six OVK banks (First OVK, Central OVK, Povolzhsky OVK, Privolzhsky OVK, Siberian OVK, Far Eastern OVK). Since then, the universal commercial bank under the single brand "ROSBANK" has one of the largest private regional networks in the country and is one of the leaders in the Russian market of retail banking services
June, 2006	The French banking group Societe Generale entered into the capital of Rosbank
February 2008	Societe Generale Group became the majority shareholder of Rosbank
February, 2010	The shareholders decided to consolidate the Russian assets of the Societe Generale Group, including Rosbank and other Russian subsidiary banks - Bank Societe Generale Vostok (BSGV), Rusfinance, DeltaCredit, in order to maximize the synergy of various business areas and gain positions as a leading international financial institution in Russia, covering all market segments
January, 2011	Acquisition of Rusfinance and DeltaCredit banks from the Societe Generale Group, which become 100% subsidiary banks of Rosbank
July 2011	Rosbank merged with BSGV, becoming the largest international financial institution in Russia

Strategy and core activities

Rosbank has been a leader in the domestic market for a long time and offers a wide range of different services - from lending to deposits, investments and other financial transactions.

The activities of JSCB Rosbank are carried out on the basis of license number 2272 and are regulated by the Central Bank of the Russian Federation.

Rosbank's branch network covers 700 branches, 1,200 points of sale and about 3,000 ATMs in 340 localities in Russia. Rosbank is one of the three largest retail banks in Russia - it serves more than 3 million private clients. Rosbank is focused on providing quality service and individual service to its clients. In addition, Rosbank subsidiaries have been opened in countries near and far abroad: in Switzerland (Rosbank S.A) and Belarus (Belrosbank). In Russia, he has DeltaCredit, a leader in the mortgage lending market, and Rusfinance Bank, which has a consistently high position in the consumer lending and car loan markets.

The Bank is consistently implementing the strategy of creating a universal financial institution on a national scale and serving all categories of clients. The key areas of Rosbank's activities are:

Retail,

Corporate,

Investment banking services,

Working with wealthy private clients (private banking).

For a long time, Rosbank has been striving to create a universal financial institution that could operate on a national scale and offer a wide variety of banking services to the population. This bank today is achieving its goal through the gradual merger of the largest banks - in 2011 it was absorbed by Banque Societe Generale Vostok.

Among the bank’s highest priority areas, it is especially worth noting corporate services, investment banking services, which are in demand by both individuals and legal entities, private banking, that is, work with VIP clients of the bank, as well as retail services.

Particularly noteworthy is the investment direction of the bank’s activities. For a long time, Rosbank has been one of the largest players in the ruble market for municipal and corporate bonds. There is very strong competition in this market - large banks and small organizations constantly participate there.

Other priority areas include services to small and medium-sized businesses. In this area, Rosbank provides services to more than 57 thousand clients. People are inclined to cooperate with the bank because of the comprehensive service, high quality of work, as well as specially developed lines of credit products that allow them to get their business on its feet and develop it.

Mortgages, as well as other credit products aimed at private clients and individuals, are also in demand. Currently, Rosbank has credit ratings from three major international agencies, including Fitch, Moody's, Standard & Poor's.

Serving large corporate clients is also a priority. These, for example, today include VO Almazuvelirexport, RAO Gazprom, MMC Norilsk Nickel, Seventh Continent, IDGC Holding, IC Soglasie and some others.

The majority shareholder of this bank is the international financial group Societe Generale, based in France. The structure of Rosbank can be represented as follows: 82.4% of shares belong to Societe Generale S. A, 8.9% of shares belong to VTB Capital CJSC through Crinium Bay Holdings Ltd, 5.3% belong to Pharanco Holdings Co. Ltd and 1.1% -- ICFI (Cyprus). It is also worth noting that the beneficiary of all the financial institutions mentioned above that own shares in Rosbank is Vladimir Potanin.

Rosbank today has become the main representative office of Societe Generale in Russia. Its position in the market is stable - it is the largest private bank in the country, ranking with such giants as Alfa Bank or Uralsib and continues to strengthen its position in the loan and deposit market.

Rosbank is among the 300 most valuable global and 4 most valuable Russian financial brands in the 2012 ranking of the international consulting company Brand Finance and The Banker magazine. Rosbank has investment credit ratings from the international rating agencies Fitch Ratings and Moody's Investor Service. In 2006 and 2008, Rosbank was recognized as the best financial institution in Russia according to The Banker. In the ranking of the TOP 1000 banks in the world, Rosbank ranks fifth in Russia and is a leader among domestic private banks (The Banker, July 2012).

Organizational structure

The structure of any organization is an ordered collection of its individual elements. The Bank is a functional-hierarchical structure that ensures the implementation of management functions, maintains appropriate vertical and horizontal connections and separation of management elements. The divisions are grouped in accordance with functions that reflect the main directions and areas of activity. The functional structure provides the bank with quite serious competitive advantages due to its clarity, harmony, reliability of communications, and the absence of duplication, which allows management decisions to be communicated to executors and implemented without delay.

The Bank has a strict hierarchy of power and a control system on the part of senior management; decisions are made centrally. But at the same time, the level of training of specialists ensures broad specialization in the work of personnel (interchangeability)),

In terms of interaction, “division - division” is a linear-functional structure, since decisions prepared by certain executors are prepared by the immediate supervisor, then reviewed and approved by the director, who transfers their execution to these or other executors.

The organizational structure of the management of the Nizhny Novgorod branch can be presented as follows (Fig. 2):

Fig.2. Organizational structure of the Nizhny Novgorod branch of ROSBANK.

The director manages the Bank and represents the enterprise in all institutions and organizations, manages the property of the enterprise, enters into contracts, issues orders for the enterprise, in accordance with labor legislation, hires and fires employees, applies incentive measures and imposes penalties on the employees of the enterprise.

Subordinate to the director are: chief accountant, head of the retail services department, head of the operations department, head of the settlements department, head of the security department, head of the legal department, head of the human resources department. Each of them is subordinate to divisions specializing in the Bank's areas of activity.

At the Bank, the director retains most of the powers necessary to make decisions and also exercises strict control over their implementation. Therefore, we can say that the Bank has a high level of centralization. The company pays special attention to delegation of authority. The development of solutions is always assigned to the heads of functional departments. The decision is made by senior management, then transmitted for execution to officials who are responsible for their implementation.

Recently, there has been a trend toward an increase in staffing levels. This is primarily due to the expansion of the service sector. Improving the quality of service is also an important factor.

Due to the increase in service personnel, the volume of information processed increases. The legal department has increased significantly, as has the security department. This is primarily due to the expansion of lending services.

The diversity and large flow of transactions, high competition in the banking services market, place special demands on employees.

One of the most important responsibilities of each Bank employee is competence in their field of activity, therefore the Bank allocates funds for personnel development to increase the competitiveness of the Bank.

The Bank is guided in its activities by the principle of transparency.

By transparency the Bank understands:

openness of information about business owners, transparency with shareholders, the bank’s main clients (partners), subsidiaries, and the structure (directions) of the bank’s business.

accessibility of the bank’s reporting (following the example of information presented on the website of the Central Bank of the Russian Federation), complete openness of the bank in presenting its financial results, both according to Russian and Western standards. Revenue, capital, assets - all key indicators should be accessible to a wide audience.

transition to international banking standards. One of these standards is the information transparency of the bank for counterparties and investors, and one of the criteria for information transparency is the preparation of interim audited statements in accordance with IFRS, which allows the bank to count on foreign financing.

constant regulation of work processes carried out in the Bank by various regulatory documents.

All activities of the Bank should be aimed at providing a full range of high-quality banking services to its clients. The bank must constantly improve the range of products and services offered to customers, as well as improve the quality of customer service.

High quality customer service is considered the cornerstone of the successful functioning of Rosbank.

The bank was registered in 1993 under the name "Independence". In the crisis year of 1998, it was purchased by structures of the industrial and financial group Interros and acted as a bridge bank for the bankrupt Onexim Bank of Vladimir Potanin and Mikhail Prokhorov. In 2002, Rosbank also acquired the investment bank MFK (also from the Interros group), and already in 2003 it bought the OVK banking group, the largest retail group in Russia at that time, for $200 million. By July 2005, the consolidation of the business of Rosbank and six OVK banks (First OVK, Central OVK, Povolzhskoye OVK, Privolzhskoye OVK, Siberian OVK, Far Eastern OVK) was successfully completed.

In mid-2006, Potanin and Prokhorov agreed to sell a 10% stake in Rosbank to the French bank Societe Generale* (SG) for $317 million, with the option to sell another 10%, which was implemented in September of the same year; in addition, the French received an option to acquire another 30% plus two shares of Rosbank. The market value of Rosbank's business was assessed at a ratio of almost 4.2 to the amount of the credit institution's equity capital, which is still a record among CIS banks. Ultimately, in February 2008, SG nevertheless increased its stake to a controlling stake (50% plus one share).

In December 2013, VTB Bank, which at that time controlled about 9.99% of Rosbank shares (through the Cyprus Crinium Bay Holdings Ltd., VTB Capital CJSC and directly), announced the sale of its stake. Two months earlier, VTB signed a corresponding framework agreement with Societe Generale. In April 2014, SG bought a 7% stake in Rosbank from Pharanco Holdings Co., registered in Cyprus. Ltd. (ultimate beneficiary - Vladimir Potanin).

Thus, currently the French banking group Societe Generale controls 99.95% of Rosbank shares. Minority shareholders own 0.05% of the financial institution's shares.

In September 2008, Vladimir Golubkov was appointed Chairman of the Board of Rosbank. On May 15, 2013, Vladimir Golubkov was accused of extorting 1.5 million US dollars for easing the terms of repayment of a loan to the company of businessman Andrei Kovalev. On May 27, 2013, Rosbank terminated Golubkov’s powers as chairman of the board, and Dmitry Olyunin, who previously held the position of chairman of the board of TransCreditBank OJSC, was appointed to this position. In May 2014, Golubkov was released from the pre-trial detention center due to the expiration of the maximum period of detention. According to media reports, at the end of 2015, the criminal case against Vladimir Golubkov was closed with the wording “for lack of evidence of a crime.”

At the end of the third quarter of 2018, the bank’s network was represented by 349 sales offices (a year earlier - 357), providing a full range of services to the population and organizations in 70 regions of the Russian Federation, as well as subsidiary banks DeltaCredit and Rusfinance Bank. According to the latest available data, the number of Rosbank personnel was about 10 thousand people (excluding subsidiary banks and companies), over 80 thousand corporate clients and about 4.0 million individuals were served. Among the large client companies were VO Almazuvelirexport, Gazprom, MMC Norilsk Nickel, OJSC Power Machines, IC Soglasie, ZK Polyus, Seventh Continent, OJSC IDGC Holding and etc. The key areas of activity of Rosbank are retail business, servicing corporate clients, investment banking services, as well as private banking. The total number of ATMs, taking into account the devices of all members of the SG group, was about 2.2 thousand devices.

Since the beginning of 2018, the bank’s assets have shown a conservative growth of 6.9%, exceeding the mark of 1 trillion rubles by November 1. In liabilities for the specified period, the main increase was demonstrated by deposits of individuals, attracted by interbank credits and balances on loro accounts, as well as equity capital. Against the background of the increase in the listed items of liabilities, the repayment of almost 20% of the bonds issued by the bank and a slight reduction in the volume of funds from corporate clients as a result of the repayment of deposits of various maturities do not look so significant. In assets, the main increase was demonstrated by investments in securities (+50 billion rubles, or +46.1%), a slightly more modest increase was shown by the total loan portfolio (+32.3 billion rubles, or +8.0%). Among the asset items with negative dynamics are highly liquid balances and a portfolio of issued interbank loans, but their reduction is insignificant against the backdrop of the total increase in assets.

In the structure of the credit institution's liabilities, 37% as of the reporting date was represented by funds on current accounts and deposits of enterprises and organizations. Their volume has decreased insignificantly since the beginning of 2018 (-1.2%), but very noticeable changes have been observed in the structure of funds: partial repayments of deposits in all maturity ranges and an increase in current account balances. Household funds form about a quarter of liabilities and half are represented by balances on current/card accounts, and the structure of deposits is dominated by resources attracted for periods of more than six months. Attracted interbank credits and balances on loro accounts in total amounted to 9.5% of liabilities, issued bonds and bills - 4.7%. The remaining part of the liabilities is represented by equity capital, its sufficiency in accordance with the requirements of the Central Bank of the Russian Federation was met with a reserve (13.2% according to the N1.0 standard with a minimum of 8%).

As of September 30, 2018, the attracted interbank loans included subordinated loans from the French parent structure totaling 29.2 billion rubles (at the beginning of 2018 - 34.4 billion with repayment in 2020-2023). The bank's client base is quite large, mainly represented by such sectors of the economy as the financial sector, manufacturing and engineering, trade, science, education and healthcare, real estate and construction. Turnovers on corporate client accounts during the period under review were stable and averaged 3-4 trillion rubles per month.

The leading position in the structure of the bank's assets is occupied by the loan portfolio with a share of 43.2%, another quarter is formed by interbank loans, 15.6% - investments in securities, 5.0% - balances of highly liquid funds (mainly in the correspondent account with the Central Bank and in bank accounts nostro from non-resident banks), 3.9% - investments in the capital of other organizations, 7.4% - fixed assets and other assets.

The total loan portfolio has increased by 8.0% since the beginning of 2018, amounting to 437.3 billion rubles by November 1. The growth was driven by both loans to enterprises and organizations, which form two-thirds of the total portfolio, and retail loans, which account for the remaining third of the portfolio.

According to interim reporting under RAS as of July 1, 2018, the main share of corporate loans fell on the following sectors of the economy: manufacturing - 40.9%, wholesale and retail trade - 24.7%, other activities - 16.0%. The retail portfolio is represented primarily by consumer loans, and to a lesser extent by mortgages. The level of overdue debt on the loan portfolio has decreased slightly since the beginning of 2018 and as of November 1 amounted to 6.5% (versus 7.5% at the beginning of 2018). The reserve ratio for issued loans fully covers the share of overdue loans and as of November 1, 2018 was 7.3% (at the beginning of 2018 - 8.5%). As at the beginning of 2018, the level of collateral for loans with property was one third of the total loan portfolio.

The securities portfolio as of November 1, 2018 amounted to 158.4 billion rubles, having grown significantly since the beginning of the year - by 46.1%. It is almost entirely represented by investments in bonds, which, in turn, are 90% formed by Russian government securities, which indicates the high quality of the instruments included in the portfolio. Another slightly more than 9% is represented by bonds of credit institutions.

The Bank is an active participant in the interbank lending market, occupying the position of a net lender and placing about 1-2 trillion rubles monthly in recent years. The credit institution is also distinguished by an extremely high level of activity in the conversion operations market and acts as a market maker with an average turnover of 1-3 trillion rubles.

Based on the results of January - October 2018, the bank made a profit of 10.0 billion rubles (for the same period in 2017, the profit was 6.2 billion rubles). Rosbank's net profit for the entire 2017 amounted to 7.4 billion rubles.

Board of Directors: Didier Augel (chairman), Ducholais Marie-Christine, Hanna Loikkanen, Françoise Mercedal-Delasalle, Pascal Auger, Benoit Ottenwelter, Jean-Luc Parer, Sylvie Remont, Bernardo Sanchez Incera, Christian Schrick, Ilya Polyakov, Philipp Heim.

Governing body: Ilya Polyakov (chairman), Denis Arnault, Ulan Ilishkin, Perizat Shaykhina, Denis Sotin, Andre Marc Prudan-Toccagne, Anne de Kuszkowski, Alexander Ovchinnikov.

* Societe Generale is one of the world's largest banking groups, the third retail bank in France in terms of assets and revenue. The bank was founded in 1864 in France. Currently, the group is represented in 67 countries, its divisions employ more than 147 thousand employees who serve about 31 million customers. Societe Generale is one of the "big three" leading banks in France. In the Russian Federation, the group controls the large universal Rosbank, retail banks DeltaCredit and Rusfinance, ALD Automotive companies (operational leasing of cars and fleet management),S.G. Insurance(bank insurance), RB Leasing LLC and RB Factoring.

SG's assets, according to consolidated statements for the first half of 2018, amounted to 1.3 trillion euros, almost unchanged in volume since the beginning of 2018. The group's capital amounted to 63.4 billion euros (+0.7% since the beginning of 2018), net profit in the first half of 2018 was 2.0 billion euros (1.8 billion for the same period in 2017).

The French bank Societe Generale and the owner of a 30% stake in Rosbank KM Technologies yesterday completed a deal to sell the Russian bank. Thus, despite losses of billions due to the scandal with its trader, the French bank gained control over the third largest branch network in the country. In total, Societe Generale paid $2.3 billion for Rosbank, which became a new record in the Russian banking market.

Yesterday, a subsidiary of KM Invest CJSC, KM Technologies, which is engaged in the sale of joint assets of Vladimir Potanin and Mikhail Prokhorov, announced the completion of a transaction to sell a 30% stake in Rosbank to the largest French banking group Societe Generale. Thus, as of yesterday, the French bank Societe Generale became the owner of a controlling stake in Rosbank, paying a total of $2.33 billion for it.

Previously, the French owned 20% minus one share of Rosbank, which they acquired in two stages in June and September 2006. At the same time, the French signed an option to purchase another 30% of the shares with the possibility of exercising it before the end of this year. Last fall they decided to implement it ahead of schedule.

The largest banking group in France, Societe Generale, owns the Societe Generale Vostok bank, the DeltaCredit mortgage bank, and the Rusfinance company in Russia.

As of October 1, 2007, Rosbank ranked 13th in terms of equity capital (RUB 31.5 billion) and 10th in terms of net assets (RUB 262.4 billion). Until now, the beneficial owner of Rosbank was the Interros group (69.9%), 20% minus one share belonged to SG.

According to experts, in absolute terms this is the largest transaction to purchase a bank on the Russian market - the ratio to Rosbank’s capital (P/BV) was about 4. “The high price shows that the fundamental indicators of the Russian banking system have not undergone major changes as a result of the crisis.” ,” noted KIT Finance bank analyst Maria Kalvarskaya.

The deal was closed despite serious problems on both sides. A year ago, co-owners of the Interros group Mikhail Prokhorov and Vladimir Potanin announced the division of their joint business. In order to at least partially resolve the issue of dividing assets, in October 2007 they signed an agreement on managing the assets of KM Invest CJSC. In January 2008, Mikhail Prokhorov in a Cyprus court seized the shares owned by KM Invest, among which were shares of Rosbank. Only at the end of last week the arrest was lifted.

The French bank also encountered problems during the preparation for the implementation of the option. At the end of January, the bank admitted that it had suffered losses of €4.9 billion due to the trader’s fraudulent transactions. “Given the difficulties that the French Societe Generale has had recently, most likely the money for the deal with Rosbank is not the French’s own funds.” , says senior analyst at Alfa Bank Natalya Orlova. In her opinion, this is debt financing, most likely raised as part of a non-market transaction. “Given the fact that Societe Generale has recently been talked about as a company searching for a new shareholder, it is possible that the French received money for the deal with Rosbank from one of the potential investors, with whom an agreement has already been reached to enter into the capital of Societe Generale ", says the expert.

Yulia Kommersant-Chaikina, Maria Kommersant-Cherkasova, Svetlana Kommersant-Dementieva

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