2024 Author: Howard Calhoun | [email protected]. Last modified: 2023-12-17 10:16
"Rosselkhozbank" is one of the universal commercial banks of the Russian Federation. The purpose of its creation was originally to help develop the credit and financial system of the country's agro-industry. The reliability of the bank is evidenced by the fact that all of its voting shares belong to the Federal Agency for State Property Management of the Russian Federation. We will analyze in detail aspects of the history and activities of the Russian Agricultural Bank.
Brief information about Rosselkhozbank
"Rosselkhozbank" (company name in international English - Joint stock company Russian Agricultural Bank, JSC Rosselkhozbank) was registered on April 24, 2000 under No. 3349. The address of the "Russian Agricultural Bank" (head office): Moscow, Gagarinsky lane, building 3. The last change in the Charter for today was made on May 12, 2017.
12In August 2015, the bank received the latest versions of the licenses required for its activities: a general one for carrying out all kinds of banking operations and a document for attracting deposits for citizens and placing precious metals. Like many other Russian credit institutions, Rosselkhozbank participates in the deposit insurance program.
Tax information about Russian Agricultural Bank - TIN 7725114488, OGRN 1027700342890.
As of May 22, 2017, the authorized capital of the bank amounted to 339,848,000,000.00 rubles. The bank has:
- 73 branches in the Russian Federation - in Krasnodar, Altai, Trans-Baikal, Kamchatka, Stavropol Territories, the Republic of Dagestan, Mari El, Karelia, Adygea, Komi, Chechnya, Yakutia, Bashkortostan, as well as Orenburg, Samara, Novosibirsk, Belgorod, Leningrad, Kurgan, Volgograd, Moscow, Sakhalin, Saratov, Kaliningrad, Sverdlovsk, Chelyabinsk, Ryazan, Kemerovo regions, etc.
- 6 representations abroad - in Armenia (Yerevan), China (Beijing), Azerbaijan (Baku), Kazakhstan (Almaty), Belarus (Minsk), Tajikistan (Dushanbe).
- 194 office operating rooms.
- 1032 additional offices.
The average number of bank employees in 2016 is 30.8 thousand people.
Bank activities
"Rosselkhozbank" is rightfully one of the most reliable and largest in the Russian Federation - in 2016 it entered the top thirty largest banking organizationsstates. Its loan portfolio at the beginning of 2017 amounted to 1.7 trillion rubles.
It is the Russian Agricultural Bank that is the Government's agent for the implementation of targeted federal programs in the agricultural sector. The correspondent network of this credit institution includes more than a hundred foreign partner banks, which allows us to consider it wide and well-formed. This allows Rosselkhozbank to offer its clients, among other things, international settlement services, as well as related lending and various interbank procedures and operations.
Bank ratings
Open joint-stock company "Russian Agricultural Bank" has the following rating positions:
- Long-term credit rating BB+ from the international rating agency Fitch and Ba2 from Moody's.
- The highest reliable group according to the rating "100 banks", compiled by the popular Forbes magazine.
- Position at AA(RU) level from the Russian rating agency ACRA.
- Positions in the financial rating: in terms of net assets - 5th place in the Russian Federation (2,755,031,289 thousand rubles), in terms of net profit - 51st place in the country (648,433 thousand rubles) Figures are given as of May 1 2017.
- According to the national rating "Banki.ru" - 43rd place (major league of the site).
Offers of Rosselkhozbank
Joint-stock company "Russian Agricultural Bank" today offers itscustomers the following services:
- 15 savings deposits, among which there are offers with monthly capitalization, and with monthly interest, and with interest payments at the end of the term: "Pension", "Amur Tiger", "Cumulative", "Golden Premium", " Managed", "Classic", "Save up for a dream", etc.
- 3 mortgage loan programs: military, target, housing credit.
- 11 consumer loan programs: "Refinancing", "Pension", "Consumer", "Gardener", "For state employees and reliable clients", "For the development of household plots", "Engineering communications", etc.
- Loan program for business "6, 5".
- Auto loans for new and used cars.
- 18 types of debit cards: "Pension", "Personal", "Amur Tiger", "Capital", "Virtual", "Travel", etc.
- 11 types of credit cards: "Rosselkhozbank-Rosneft", "Master Card", "Credit", "Amur Tiger", "Travel", etc.
Russian Agricultural Bank is an issuer of the following types of plastic cards:
- Visa.
- Master Card.
- Union Pay.
- "Peace".
- local card of Rosselkhozbank.
Guide"Rosselkhozbank"
As already mentioned, 100% of the shares of this bank belong to the state, and more specifically - the Federal Property Management Agency. The supreme governing body of the bank is the Meeting of Shareholders. The last to be elected is the Supervisory Board of the Russian Agricultural Bank. This instance monitors the activities of the Board and its Chairman - the executive bodies of the institution, which not only manage the activities of the organization, but are also obliged to solve all the tasks put forward for them by the bank's shareholders.
Currently, Dmitry Nikolaevich Patrushev is the Chairman of the Board, and Alexander Tkachev, the Russian Minister of Agriculture, is the Chairman of the Supervisory Board.
Bank premiums
Joint-Stock Company "Russian Agricultural Bank" was awarded the following awards:
- 2010 - the organization became the winner of the "Banking" award.
- 2013 - the winner among world banks in terms of traffic growth (among the participants of SWIFT - the international interbank payment system).
- 2013 - Socially Responsible Banking Organization Award, "For Contribution to the Development of the Real Sector in the Economy".
- 2014 ranked seventh among all Russian banks in the ranking of the world's largest banking brands compiled by The Banker magazine.
- 2014 - diploma "For contribution to the development of small and medium-sized businesses", awardedAssociation of Banks of Russia.
History of Rosselkhozbank
The history of the bank began on March 15, 2000 - it was created by decree of V. V. Putin to serve the agro-industrial infrastructure of our country. On April 24 of the same year, the organization was registered by the Central Bank of the Russian Federation.
In 2008-2011 due to bankruptcy or on account of debts, a lot of enterprises passed to the bank: sugar factories of Euroservice OJSC, Buryatmyasprom OJSC, Zernostandart-Kostroma LLC, Rassvet agricultural complex, Alikor Group agricultural holding (in 2012, its owner managed to restore control over all its assets), 75 + 1% of the shares of the SV-Povolzhskoye pig complex, part of the elevators of the Nastyusha grain company. All assets were transferred by the bank to Agrotorg Trading House LLC.
In the summer of 2014, Rosselkhozbank came under US sanctions. In fact, this meant that he was denied access to international capital markets. In September 2015, the bank was not lucky enough to be included in the Ukrainian sanctions list - according to it, the fraternal state canceled all obligations to the credit institution.
Participation and sponsorship
"Russian Agricultural Bank" is a direct participant in the following organizations:
- ARB (Association of Banks of Russia);
- Rosagropromsoyuz;
- non-profit Association of Regional Russian Banks;
- Rosagropromassociation of employers;
- non-profit International Confederation of Agricultural Credit;
- non-profit partner organization RCBC (Russian-Chinese Business Council);
- CERBA (Canadian Business Association in Eurasia and Russia);
- USRBC (USRBC) non-profit association.
Rosselkhozbank is also a sponsor and general partner of the following events:
- Agricultural exhibition "Golden Autumn".
- St. Petersburg International Economic Forum.
- Sochi International Investment Forum.
- of the ARB Congress.
- of the all-Russian agro-industrial exhibition "Agrorus-Regions".
- Central Russian Economic Forum held in the Kursk region, etc.
Customer Reviews
Let's show in the summary table the positive and negative feedback from customers about the work of Rosselkhozbank.
| Good points | Negative moments |
| High interest on deposits | Live queue, long wait |
| Friendly, helpful staff | Forcing unnecessary banking products to the client: insurance packages, credit cards |
| Good mortgage terms | Inability to connect Mobile Bank remotely |
| High level of professionalism of tellers | Frequent unreasonable refusals on loan applications |
| Comprehensive consultations | Belated accrual of interest on deposits |
JSC "Russian Agricultural Bank", having passed through a period of sanctions, has not lost its position among Russian and world credit organizations. Although some clients clearly see the negative aspects in his work, for the majority he remains one of the most reliable banks in the country.
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