Bank "National Standard": rating and reviews

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

The National Standard Bank was founded in 2002. The owner of the financial institution is Axial Investments Limited, which operates in Cyprus. The head of the administrative apparatus is Maxim Zubov. In total, the bank serves at least 60,000 customers. Individuals have access to deposits and loans, bank cards and safes, currency and exchange transactions. National Standard Bank has 9 offices in Moscow. Representative offices successfully function in Oskol, Belgorod and Gubkin, in Voronezh and Novorossiysk. The ATM network includes about 59 devices.

A bit of history

The main office of the financial institution is located in Moscow. The LLC operates on the basis of the General License number 3421, which was issued on October 28, 2013 in connection with the expansion of the institution's activities. The financial institution has the status of a full member of the Deposit Insurance Fund, acts as a member of the National Stock Association, participates in S. W. I. F. T. payment systems. and REUTERS. Moreover, the bank belongs to the categoryassociate members of the Visa International system and to the rank of affiliated members of MasterCard.

Strategic goals and their implementation

The strategic goal is to form a major financial institution on a federal scale, which would be open and meet all international standards. A transparent ownership structure and a broad client base remain a priority. Based on the goal, a strategy was formed, in accordance with which, already in 2007, National Standard Bank buys out 97.26% of the shares of OJSC CB RusYugbank, which is the largest in the region and has a very expanded network of offices and auxiliary branches. This gave impetus to the active development of the enterprise.

Priority area of activity

The priority direction of the institute's activity is the active development of partnerships with medium and large corporate clients, servicing the we althy segments of the population. Among the services are both classic offers and investment ones. Bank "National Standard" closely cooperates with OJSC "SME Bank" in the field of lending and guarantee support for small businesses and medium-sized businesses. Taking part in the program from JSC Housing Construction Financing Agency, the institution issues loans for the construction or purchase of finished housing. All efforts of the bank are aimed at meeting the needs of all customers. The work is based on professionalism and reliability, on responsibility and onhigh corporate culture. An individual approach to each client contributes to the overall perception of partnership with a financial institution.

Place in CBR ratings

As of April 2015, the net assets of the financial institution amounted to 64,152,935 thousand rubles. According to this indicator, the bank got 88th place among the institutions of Russia, of which there are 778. The net profit of the institute today, unfortunately, is equal to -175,055 thousand rubles, which dropped the bank to 756th place in Russia. The institution's loan portfolio is 28,780,700 rubles, which corresponds to 99th place among the country's banks. The volume of deposits is equal to 8,068,652 thousand rubles and corresponds to the 159th place. The credit rating corresponds to category A+ with the third lower rating sublevel (III).

Outlook according to the rating is estimated as "stable". In the short term, specialists speak of a high probability that the bank will fulfill its financial obligations, not only current ones, but also those that may arise as the institute operates. If we talk about the medium term, then here too the fulfillment of obligations will have a high probability with the stability of both macroeconomic and market indicators.

Place in the rating of the international agency Standard &Poor's

National Standard Bank, according to the international rating agency Standard & Poor's, received a short-term counterparty rating of B/B. Bythe national scale rating of the financial institution corresponds to the value of "ruBBB+". These indicators indicate a likely negative scenario for further developments. The bank's ratings reflect a moderate business position, moderate capital and income, a weak risk position and average financial liquidity. The negative outlook is based not only on net banking performance, but also on the state of the financial sector itself in Russia, which may have a certain financial impact on the institution. It was this moment that caused significant differences between the assessments of domestic experts and international ones.

What are customers saying?

Commercial bank "National Standard" at the first stages of its work was engaged exclusively in servicing Usmanov's companies. Starting from 2004, the financial institution began to take an active part in the issuance of municipal bonds. A significant indicator of the active development of a financial institution was the purchase of RusYugbank, which was mentioned above. Most reviews of a financial institution talk about the many positive aspects of partnership, including in the field of lending. This is what ensured a positive popular rating. The bank's clients focus on the fact that the financial institution offers the opportunity to repay the debt ahead of schedule six months after its expiration. Many more investors speak about mutually beneficial partnership in terms of lending, confirming the optimal conditions for partnership andacceptable interest rates.

And even brokerage services are available

National Standard Bank (Stary Oskol, Moscow and some other cities with offices) offers brokerage services not only on the exchange, but also on the over-the-counter market. Clients can, through a partnership with the bank, purchase municipal and corporate bonds, sovereign and corporate Eurobonds and domestic foreign currency loan bonds. Cooperation is available on two tariff plans, which pleases investors, as it allows them to reduce the cost of paying for intermediary actions. According to one of the plans, the commission is 30 thousand rubles for any volume of transactions, and in another way it varies from 0.01% to 0.2% and depends solely on the volume of funds turnover.

Reviews from employees of a financial institution

Bank "National Standard" (Novorossiysk, Moscow, Oskol and other cities where offices are located) is active. Highly qualified personnel are constantly recruited into the state. According to applicants for vacancies, wages in a financial institution are offered an order of magnitude higher than the average for the market. You don’t have to sit without a job in a bank, life is in full swing, various financial tasks are constantly being solved. Each specialist has his own job. There are reviews of a very friendly team and respect from the authorities. Bank "National Standard", reviews of employees about which always sound in a positive way, tries to maintain a high level, and both inwith clients and with employees. The overall picture is complemented by official employment and a full social package that is provided to employees.

Attractive deposit programs for clients

An attractive range of deposit programs is available within the financial institution. According to clients, you can easily choose the most convenient partnership format. Thus, within the framework of the Pension Standard offer, a rate of 14% will be charged on ruble deposits. The minimum amount of replenishment of the account is equal to thirty thousand rubles, and the duration of the partnership will be 181 days. Under the program for dollar and euro accounts, rates of 5% and 4.75% are provided for with a minimum deposit of 1000 units. The partnership period is 271 days. National Standard Bank, whose rating differs significantly according to domestic and international experts, offers partnership under the Savings Standard program. Here the interest rate on ruble deposits will be 13%, on dollar deposits - 4.25%, on euro accounts - 4.25%. The duration of the partnership is identical to that of the previous program.

Attracts customers and the fact that, depending on the chosen partnership format, you can use services such as monthly interest payments, capitalization of accruals, the possibility of replenishing or partial withdrawal of money from the account. The flexibility of the partnership allows everyone to choose a convenient format for accumulating funds. Bank "National Standard",reviews of which are mostly positive, today it regularly fulfills its obligations. Moreover, in the incredibly difficult current economic situation and despite the negative rate of return. The absence of problems is also evidenced by the fact that there are no reviews of depositors with statements that the financial institution does not pay its bills.