B&N Bank

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B&N Bank
Native name
Бинбанк
public joint-stock company
Industry Banking
Founded 1993
Headquarters Moscow, Russia
Key people
Mikail Shishkhanov Chairman of the Board of Directors
Products Retail banking
Increase RUB 1.899 million (January 2015)
Total assets Increase RUB 413.254 million (January 2015)
Number of employees
4,000
Rating B (S&P) (2017)[1]
Website binbank.ru

B&N Bank (Russian: ПАО "БИНБАНК") - B&N Bank is one of Russia’s largest commercial banks organized as a public joint-stock company under the laws of the Russian Federation. Founded in 1993, B&N Bank has the general license of the Bank of Russia No. 2562.[2]

B&N Bank offers a wide range of corporate banking services (including lending to large corporate clients & SME lending, payment and account services, international settlements, trade finance and ECA-backed finance, payroll services, leasing, etc.), retail banking services (deposits, credit and debit cards, overdraft facilities, etc.) and financial markets activities. In February 2015, Banki.ru portal recognized B&N Bank as the Bank of the Year. [3]

B&N Bank's head office, Moscow
B&N Bank's office interior

M&A[edit]

In November 2008, the Bank entered the capital of Bashinvestbank, and in December 2013 Bashinvestbank was integrated with B&N Bank as its branch in Ufa.

In April 2014 B&N Bank became the owner of Moscomprivatbank, a former subsidiary of Ukrainian PrivatBank. The deal was concluded as the part of B&N Bank’s strategy for retail business expansion and approved by Banking Supervision Committee of the Bank of Russia. Due to high social importance of Moskomprivatbank, Deposit Insurance Agency (DIA) provided assistance to B&N Bank in a form of RUB 12bn loan. The loan proceeds will be used for maintenance of Moskomprivatbank’s liquidity and implementation of the project related to creation of independent IT-infrastructure of the credit institution.

In July 2014, B&N Bank successfully closed the acquisition of DNB Russia. “Asokerco Trading Limited” LLC (an entity affiliated with B&N Bank (JSC) owned by Mikail Shishkhanov) has become the owner of JSC Commercial Bank DNB Bank (“DNB Russia”) located in Murmansk.[4] Previously, DNB Russia was a fully owned subsidiary of DNB Bank ASA (“DNB”), the leading Norwegian financial group.

In December 2015 B&N Bank closed the acquisition of five banks of the Rost Group. The deal is a part of financial recovery of Rost Bank, Kedr Bank, Akkobank, SKA-Bank and Tveruniversalbank. The purpose of acquisition of the Rost Group banks is to expand the retail business, regional presence and client base of B&N Bank. The total amount of retail deposits attracted by five banks is RUB 70 billion; the total branch network consists of more than 240 offices and ATM network of more than 440 devices. [5]

In January 2015, B&N Bank acquired Uralprivatbank. [6] The transaction was completed in February 2015. The purpose of the acquisition for B&N Bank is to expand its retail business and regional presence. Uralprivatbank is a sustainable regional bank which has been operating in the market for over 25 years. The bank has 4 offices in Ekaterinburg.

In June 2015 the shareholders of B&N Bank, Mikail Shishkhanov and Mikhail Gutseriev, entered into an agreement to acquire a controlling shareholding (58.33%) in MDM Bank from Sergei Popov. Within the framework of the transaction, 100% of the shares of MDM Bank have been valued by the parties at approximately the level of the bank's equity. [7]

In July 2015, B&N Bank announced the acquisition of the Russian leading autoleasing company “Europlan” and in July 2015 [8] the Bank announced the acquisition of the autoleasing company “Carcade”. As a result, «B&N» Group became the leading retailer in vehicle leasing in Russia.

Owners[edit]

The majority shareholders are the Chairman of the Board of Directors of B&N Bank Mikail Shishkhanov (59,4064 %) and Mikhail Gutseriev (39,3589 %) [9]

References[edit]

  1. ^ "Рейтинг банков - 2017 (таблица)". Forbes.ru. 23 March 2017. Retrieved 1 May 2017. 
  2. ^ B&N Bank's profile, B&N Bank corporate site
  3. ^ Лучшие из лучших, Banki.ru
  4. ^ Shishkhanov’s company wraps up acquisition of DNB Bank, Banki.ru
  5. ^ B&N Bank gains control over Rost Group banks, Banki.ru
  6. ^ B&N Bank acquires Uralprivatbank, Tver-portal.ru
  7. ^ Russia’s B&N Bank shareholders buy 58% in MDM Bank, Prime Business News Agency
  8. ^ Владельцы «Бинбанка» покупают автолизинговую компанию «Европлан», Rambler.ru
  9. ^ List of Shareholders of B&N BANK, B&N Bank corporate site

External links[edit]