History of the Gazprombank

History of the Gazprombank
Gazprombank - Russian Commercial Bank, one of the three largest banks in Russia in all major indicators. Full name - Stock Bank of Gas Industry "Gazprombank" (Open Joint Stock Company). Headquarters - in Moscow.
Founded in 1990.
September 12, 2008 OAO "Gazprombank" purchased from ZAO "Raiffeisenbank" CC 5.85% of JSC "Armeksimbank", thus consolidating 100% of the share capital of the Armenian bank. Earlier, in November 2007, "Gazprombank" purchased 80% of CJSC "Armeksimbank" and then, in July 2008, "Armeksimbank" held an additional issue, which was also bought "Gazprombank". As a result of the July transaction, the share of "Gazprombank" in the Criminal Code of JSC "Armeksimbank" grew to 94.15% of the shares.


Control of the bank owned pension fund "Gazfond" (50% plus 1 share). Russian gas monopoly OAO "Gazprom" owns another 41.7% of the shares. Another 6.3% of the shares owned by LLC "New financial technology", 99.99% of the shares of which belongs to Gazprombank.

    Chairman of the Board of Directors: Alex Miller
    CEO: Andrei Akimov,
    Deputy chairman Farid Kantserov.
    Deputy CEO Ilya Eliseev.Besides the gas industry Gazprombank provides banking services to enterprises and employees of other manufacturing industries (chemical, engineering, defense, etc.). Bank's customers - about 1.5 million individuals and more than 36 thousand corporate clients, including about one thousand enterprises and organizations of the gas industry.
The bank provides credit and financial services to such major international projects, such as "Yamal-Europe" - the construction of a gas pipeline from Siberia to Europe, "Blue Stream" - the transportation of gas under the Black Sea to Turkey, the natural gas pipeline on the territory of Central, Eastern and Southern Europe. Organized system of banking perspective projects of JSC "Gazprom" in Siberia and the Far East for the supply of Russian gas to China, Japan and South Korea. The business of trust management of Gazprombank Group is JSC "Gazprombank - Asset Management."
Bank holds a 70% stake in the company "Sibur", 100% of "Gazprom-Media" and 19.04% of the insurance group "SOGAZ".The Bank has a network of 33 branches and 117 additional offices, 18 cash desks outside front office, one representative (in Russia).
As of March 31, 2005, total loans to customers amounted to 5.5 billion U.S. dollars, including 65% of the loan portfolio accounted for by companies not associated with the group of "Gazprom".
Consolidated assets of Gazprombank IFRS at 31 December 2008 totaled 1.8522 trillion rubles. (December 31, 2007 - 948.5 billion rubles.), Equity - 127.9 billion rubles. (201.6 billion rubles.), The net loss for 2008 - 68.2 billion rubles. (2007 - profit of 33.6 billion rubles.).
Source: ru.wikipedia.org