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==History==
==History==
[[File:Moscow, Novocheremushkinskaya Street office block.jpg|thumb|left|Gazprombank in the Novocheremushkinskaya Street office block, Moscow|329x329px]]In August 2005 for 37.22 billion rubles, Gazprombank purchased [[Gazprom Media]], the largest Russian media holding, which includes the former Media Most holdings of [[Vladimir Gusinsky]] including the [[:ru:Семь дней (издательский дом)|Sem Days]] publishing house, [[Echo of Moscow]], both the [[NTV Russia|NTV]] channel and [[NTV Plus]], and ''[[Izvestia]]'' newspaper, from the bank's parent company [[Gazprom]].<ref name=KommersantGazpromMediaDossier>{{cite news |url=https://www.kommersant.ru/doc/1873630 |title=Как создавался и развивался "Газпром-медиа холдинг": Досье |trans-title=How Gazprom-Media Holding was created and developed: Dossier |language=ru |work=[[Kommersant]] |date=15 February 2012 |access-date=20 February 2021 |archive-date=14 February 2012 |archive-url=https://web.archive.org/web/20120214232152/https://www.kommersant.ru/doc/1873630}}</ref> After Gazprom-Media took over "Media Most" in 2000, Gazprom-Media received [[Filipp Bobkov]]'s entire former [[KGB]] 5th directorate (Political police) which was responsible for disinformation, control of disidents, and executions including all of its employees, its database and the Filipp Bobkov founded security service that was accused of attempting an assassination in 1994 of [[Boris Berezovsky (businessman)|Boris Berezovsky]].<ref>[http://www.rosvesty.ru/numbers/1762/nongrata/ Ideologist for all times], by Felix Shemedlovsky, Russian Vedomosti</ref><ref name="Apolitical Gusinsky">Григорьев, Андрей (Grigoriev, Andrei) (28 March 2000). [http://www.ko.ru/document.php?id=1509 Аполитичный Гусинский]. Apolitical Gusinsky. (in Russian). ''«Компания»'' — деловой еженедельник (''Company''). [https://web.archive.org/web/20120212201126/http://ko.ru/articles/1509 Archived] from the original on 12 February 2012. Retrieved 15 January 2021.</ref> The entire archive of 5th KGB Main Directorate was taken to Media-Most.<ref>[http://www.rosvesty.ru/numbers/1762/nongrata/ Ideologist for all times], by Felix Shemedlovsky, Russian Vedomosti, [http://www.flb.ru/info/33789.html A slightly different version]</ref>
[[File:Moscow, Novocheremushkinskaya Street office block.jpg|thumb|left|Gazprombank in the Novocheremushkinskaya Street office block, Moscow|329x329px]]In August 2005 for 37.22 billion rubles, Gazprombank purchased [[Gazprom Media]], the largest Russian media holding, which includes the former Media Most holdings of [[Vladimir Gusinsky]] including the [[:ru:Семь дней (издательский дом)|Sem Days]] publishing house, [[Echo of Moscow]], both the [[NTV Russia|NTV]] channel and [[NTV Plus]], and ''[[Izvestia]]'' newspaper, from the bank's parent company [[Gazprom]].<ref name=KommersantGazpromMediaDossier>{{cite news |url=https://www.kommersant.ru/doc/1873630 |title=Как создавался и развивался "Газпром-медиа холдинг": Досье |trans-title=How Gazprom-Media Holding was created and developed: Dossier |language=ru |work=[[Kommersant]] |date=15 February 2012 |access-date=20 February 2021 |archive-date=14 February 2012 |archive-url=https://web.archive.org/web/20120214232152/https://www.kommersant.ru/doc/1873630}}</ref> After Gazprom-Media took over "Media Most" in 2000, Gazprom-Media received [[Filipp Bobkov]]'s entire former [[KGB]] 5th directorate (Political police) which was responsible for disinformation, control of dissidents, and executions including all of its employees, its database and the Filipp Bobkov founded security service that was accused of attempting an assassination in 1994 of [[Boris Berezovsky (businessman)|Boris Berezovsky]].<ref>[http://www.rosvesty.ru/numbers/1762/nongrata/ Ideologist for all times], by Felix Shemedlovsky, Russian Vedomosti</ref><ref name="Apolitical Gusinsky">Григорьев, Андрей (Grigoriev, Andrei) (28 March 2000). [http://www.ko.ru/document.php?id=1509 Аполитичный Гусинский]. Apolitical Gusinsky. (in Russian). ''«Компания»'' — деловой еженедельник (''Company''). [https://web.archive.org/web/20120212201126/http://ko.ru/articles/1509 Archived] from the original on 12 February 2012. Retrieved 15 January 2021.</ref> The entire archive of 5th KGB Main Directorate was taken to Media-Most.<ref>[http://www.rosvesty.ru/numbers/1762/nongrata/ Ideologist for all times], by Felix Shemedlovsky, Russian Vedomosti, [http://www.flb.ru/info/33789.html A slightly different version]</ref>


In 2012, OJSC [[Gazprom]] owned a 41.73% stake in Gazprombank and NPF Gazfond owned a 46.92% stake in Gazprom.<ref name=KommersantGazpromMediaDossier/><ref name="Reuters20141126">{{cite news|last1=Grey|first1=Stephen|last2=Bergin|first2=Tom|last3=Musaieva|first3=Sevgil|last4=Anin|first4=Roman|author-link4=Roman Anin|date=26 November 2014|title=Comrade Capitalism the Kiev Connection: Sidebar Graphic Gazprombank|work=[[Reuters]]|location=Moscow/Kyiv|editor-last=Woods|editor-first=Richard|url=https://www.reuters.com/investigates/special-report/comrade-capitalism-the-kiev-connection/#sidebar-graphic-gazprombank|access-date=20 February 2021}}</ref> Most of the stake in [[Nikolai Shamalov#Yuri Shamalov|Yuri Shamalov]]'s Gazfond is managed by [[Anatoly Gavrilenko]]'s Lider Management which is part of the SOGAZ insurance group which, until March 2014, was controlled by the [[Vladimir Putin]] associated [[Rossiya Bank]] which has [[Yuri Kovalchuk]] as its largest shareholder.<ref name=KommersantGazpromMediaDossier/><ref name=Reuters20141126/><ref>{{cite news |last=Belton |first=Catherine |author-link=Catherine Belton |url=https://www.ft.com/content/a1bf9fc4-1aba-11e1-ae14-00144feabdc0 |title=How Gazprom lost control of Gazprombank |work=[[Financial Times]] |date=30 November 2011 |access-date=20 February 2021 |archive-date=20 February 2021 |archive-url=https://archive.today/20210220222903/https://www.ft.com/content/a1bf9fc4-1aba-11e1-ae14-00144feabdc0}}</ref> In March 2014 Rossiya bank sold its indirect control of Lider to Gasfond which has a 45% stake in Lider.<ref name=Reuters20141126/> As of November 2014, Gazfond is the largest shareholder of Gazprombank which controls Gazprom Media.<ref name=KommersantGazpromMediaDossier/><ref name=Reuters20141126/>
In 2012, OJSC [[Gazprom]] owned a 41.73% stake in Gazprombank and NPF Gazfond owned a 46.92% stake in Gazprom.<ref name=KommersantGazpromMediaDossier/><ref name="Reuters20141126">{{cite news|last1=Grey|first1=Stephen|last2=Bergin|first2=Tom|last3=Musaieva|first3=Sevgil|last4=Anin|first4=Roman|author-link4=Roman Anin|date=26 November 2014|title=Comrade Capitalism the Kiev Connection: Sidebar Graphic Gazprombank|work=[[Reuters]]|location=Moscow/Kyiv|editor-last=Woods|editor-first=Richard|url=https://www.reuters.com/investigates/special-report/comrade-capitalism-the-kiev-connection/#sidebar-graphic-gazprombank|access-date=20 February 2021}}</ref> Most of the stake in [[Nikolai Shamalov#Yuri Shamalov|Yuri Shamalov]]'s Gazfond is managed by [[Anatoly Gavrilenko]]'s Lider Management which is part of the SOGAZ insurance group which, until March 2014, was controlled by the [[Vladimir Putin]] associated [[Rossiya Bank]] which has [[Yuri Kovalchuk]] as its largest shareholder.<ref name=KommersantGazpromMediaDossier/><ref name=Reuters20141126/><ref>{{cite news |last=Belton |first=Catherine |author-link=Catherine Belton |url=https://www.ft.com/content/a1bf9fc4-1aba-11e1-ae14-00144feabdc0 |title=How Gazprom lost control of Gazprombank |work=[[Financial Times]] |date=30 November 2011 |access-date=20 February 2021 |archive-date=20 February 2021 |archive-url=https://archive.today/20210220222903/https://www.ft.com/content/a1bf9fc4-1aba-11e1-ae14-00144feabdc0}}</ref> In March 2014 Rossiya bank sold its indirect control of Lider to Gasfond which has a 45% stake in Lider.<ref name=Reuters20141126/> As of November 2014, Gazfond is the largest shareholder of Gazprombank which controls Gazprom Media.<ref name=KommersantGazpromMediaDossier/><ref name=Reuters20141126/>

Revision as of 19:34, 3 March 2022

Gazprombank
Native name
Газпромбанк
Company typePublic company
IndustryFinancial services
Founded1990; 34 years ago (1990)
Headquarters
Moscow
,
Russia
Key people
Andrey Akimov (CEO)
Alexei Miller (Chairman)
ProductsFinancial services
Revenue392,479,000,000 Russian ruble (2017) Edit this on Wikidata
Increase RUB 229.1 billion[1] (2020)
Increase RUB 56.0 billion[1] (2020)
Total assetsIncrease RUB 7.530 trillion[1] (2020)
Total equityIncrease RUB 739.3 billion[1] (2020)
OwnersGazprom (46.02%) (2019)[2]
Number of employees
12,700 (2013)
SubsidiariesGazprom-Media
RatingBa2 (Moody's), BB+ (S&P), BB+ (Fitch) (2017)[3]
Websitewww.gazprombank.com

Gazprombank (Russian: Газпромбанк), or GPB (JSC), is a private-owned Russian bank, the third largest bank in the country by assets. Since November 2014, Yuri Shamalov's Gazfond is its largest shareholder.

The bank’s principal business areas are corporate banking, retail banking, investment banking and depository services. Its banking activities also include securities trading, foreign exchange operations, precious metals operations, clearing operations and settlement services.

The bank has a distribution network of 43 branches and over 260 banking outlets located throughout the Russian Federation. GPB also has ownership interests in three other Russian banks. In addition, Gazprombank is represented in the markets of Belarus and Switzerland through ownership interests in two foreign banks: Belgazprombank (Belarus) and Gazprombank (Switzerland) Ltd. Gazprombank also has representative offices in Mongolia, China and India.

History

Gazprombank in the Novocheremushkinskaya Street office block, Moscow

In August 2005 for 37.22 billion rubles, Gazprombank purchased Gazprom Media, the largest Russian media holding, which includes the former Media Most holdings of Vladimir Gusinsky including the Sem Days publishing house, Echo of Moscow, both the NTV channel and NTV Plus, and Izvestia newspaper, from the bank's parent company Gazprom.[4] After Gazprom-Media took over "Media Most" in 2000, Gazprom-Media received Filipp Bobkov's entire former KGB 5th directorate (Political police) which was responsible for disinformation, control of dissidents, and executions including all of its employees, its database and the Filipp Bobkov founded security service that was accused of attempting an assassination in 1994 of Boris Berezovsky.[5][6] The entire archive of 5th KGB Main Directorate was taken to Media-Most.[7]

In 2012, OJSC Gazprom owned a 41.73% stake in Gazprombank and NPF Gazfond owned a 46.92% stake in Gazprom.[4][8] Most of the stake in Yuri Shamalov's Gazfond is managed by Anatoly Gavrilenko's Lider Management which is part of the SOGAZ insurance group which, until March 2014, was controlled by the Vladimir Putin associated Rossiya Bank which has Yuri Kovalchuk as its largest shareholder.[4][8][9] In March 2014 Rossiya bank sold its indirect control of Lider to Gasfond which has a 45% stake in Lider.[8] As of November 2014, Gazfond is the largest shareholder of Gazprombank which controls Gazprom Media.[4][8]

The bank was nominated in 2014 for the annual Emerging Market Bond Awards, hosted by EuroWeek.[10]

In July 2014, the United States Department of Treasury imposed sanctions on Gazprombank OAO that prohibit U.S. citizens from providing it with new financing.[11] In response, Gazprombank contracted former U.S. Senator Trent Lott to lobby on its behalf against the sanctions.[12]

On February 24, 2022, US President Joe Biden announced sanctions against Gazprombank and other Russian financial institutions in response to Russia's invasion of Ukraine.[13]

References and notes

  1. ^ a b c d "Gazprombank releases financial results for 2020, with net income at RUB 56 bn in accordance with International Financial Reporting Standards (IFRS)". Gazprombank. 2021-03-31.
  2. ^ "Gazprombank releases financial results for 2019, with net income at RUB 44.6 bn in accordance with International Financial Reporting Standards (IFRS)". Gazprombank. 2020-03-24.
  3. ^ "Рейтинг банков - 2017 (таблица)". Forbes.ru. 23 March 2017. Retrieved 1 May 2017.
  4. ^ a b c d "Как создавался и развивался "Газпром-медиа холдинг": Досье" [How Gazprom-Media Holding was created and developed: Dossier]. Kommersant (in Russian). 15 February 2012. Archived from the original on 14 February 2012. Retrieved 20 February 2021.
  5. ^ Ideologist for all times, by Felix Shemedlovsky, Russian Vedomosti
  6. ^ Григорьев, Андрей (Grigoriev, Andrei) (28 March 2000). Аполитичный Гусинский. Apolitical Gusinsky. (in Russian). «Компания» — деловой еженедельник (Company). Archived from the original on 12 February 2012. Retrieved 15 January 2021.
  7. ^ Ideologist for all times, by Felix Shemedlovsky, Russian Vedomosti, A slightly different version
  8. ^ a b c d Grey, Stephen; Bergin, Tom; Musaieva, Sevgil; Anin, Roman (26 November 2014). Woods, Richard (ed.). "Comrade Capitalism the Kiev Connection: Sidebar Graphic Gazprombank". Reuters. Moscow/Kyiv. Retrieved 20 February 2021.
  9. ^ Belton, Catherine (30 November 2011). "How Gazprom lost control of Gazprombank". Financial Times. Archived from the original on 20 February 2021. Retrieved 20 February 2021.
  10. ^ Barnett, Ryan. "Gazprombank shortlisted by EuroWeek for 'Deals of the Year 2013'". CISTRAN Finance. 1/29/14. Retrieved 2/5/14.
  11. ^ U.S. Department of Treasury. "Announcement of Treasury Sanctions on Entities Within the Financial Services and Energy Sectors of Russia, Against Arms or Related Materiel Entities, and those Undermining Ukraine's Sovereignty" 7/16/2014. Retrieved 7/31/2014.
  12. ^ Cohen, Alexander (September 2, 2014). "Russian bank hires two former U.S. senators". Center for Public Integrity. Archived from the original on September 15, 2014. Retrieved September 21, 2014.
  13. ^ "FACT SHEET: Joined by Allies and Partners, the United States Imposes Devastating Costs on Russia". The White House. Retrieved 25 February 2022.

External links

Retrieved from "https://en.wikipedia.org/w/index.php?title=Gazprombank&oldid=1075076128"