How to open a bank: some tips

2024 Author: Howard Calhoun | [email protected]. Last modified: 2023-12-17 10:16

Human activity is multifaceted. The most highly profitable is banking. Despite the attractiveness of the banking business, entering this market is not at all easy.

Many people are interested in how to open a bank. The simplest answer is that it takes effort, diligence and a lot of money to invest.

The main answer to the question of how to open a bank concerns the minimum authorized capital. It must be at least 300 million rubles. At the same time, it should be borne in mind that office and banking equipment and the premises for a banking institution require significant financial costs. Answering the same question, how to open a bank, one cannot but mention the legal registration, remuneration of personnel, the organization of a protection system and other expenses. The total will be hundreds of millions. It is unlikely that it will be possible to cope with such costs without serious investors. Being interested in how to open a bank, one cannot but inquire about the payback of a commercial bank. And this averages from 5 to 10 years of hard work.

After measuring your capabilities and real calculations,you can try to open your own banking business. To do this, you need to obtain several licenses. A general license from the Central Bank of the Russian Federation is obligatory. You need a document issued by the Federal Commission for the Securities Market, giving the right to relevant transactions, including the conduct of transactions with precious metals.

We need constituent documents in the form of a permit issued by the State Customs Committee, a registration certificate from the State Inspectorate for Assay Supervision to carry out manipulations with jewelry. And we definitely need a deep, serious analysis of the situation in the country, a realistic forecast of the economic and political situation for several years to come.

To open a business, you must first develop a business project that evaluates your own financial capabilities for the development of the enterprise. It is necessary to determine the circle of persons of future partners and founders. It is necessary to submit documents confirming the legality of the origin of your own funds, document the reputation of the founders for the absence of a criminal record for economic crimes,

for the fulfillment of financial obligations to the state and citizens of Russia. The preparatory organizational stage includes determining the form and name of the enterprise (LLC or joint-stock company), drawing up a memorandum of association and a charter agreed with the founders, partners.

An important point is the selection of personnel. The bank management structure with various functional services and divisions is determined, the functions of the institution and its regime are optimally distributed. After all the preparatory activities with the preparation of a complete package of necessary documents, the procedure for registering an enterprise is carried out.