List of banks with foreign capital. Bank with foreign participation

There are many banks in Russia with foreign participation (usually close to 100%) - the largest in terms of capitalization are Unicreditbank, Raiffeisenbank and Rosbank:

Full list Here: http://www.bankodrom.ru/inostrannye-banki-v-rossii-spisok/. However, according to the law of the Russian Federation, they are not branches and representative offices of foreign banks, but exist in the form of subsidiaries of Russian banks. This imposes additional risks on their activities, which have already led to withdrawal from the market - as did Morgan Stanley or Rabobank Groep NV.

It is known that William Buffett quickly abandoned doing business in Russia when faced with corruption. According to many Russians, foreign banks outside the jurisdiction of the Russian Federation are more reliable institutions that can guarantee the safety of client funds even in a very difficult economic situation in Russia. Let's consider the issue related to the conditions and possibility of opening accounts in foreign banks by Russians .

Advantages of opening a current account abroad

Many businessmen practice this method of ensuring the safety of their funds, such as transferring them to - this makes it possible not only to hide and save money, but also to profitably reduce the tax base. Often, when opening an offshore company, a bank account (of the same or another offshore) is attached to it free of charge. Among European offshores with stronger regulation of banking activities, Russians prefer to use the services of banks in Liechtenstein, Andorra, Switzerland and Cyprus.

There are advantages and disadvantages to offshore accounts. As advantages you can note:

Complete confidentiality of the account holder is ensured

Full protection against possible domestic risks is guaranteed

You can open an account without leaving the country

However, in addition to the advantages, a number of shortcomings :

opening a bank account (as opposed to a brokerage account) must be registered with the tax office

as a rule, foreign banks accept large sums of money

a foreign bank may meticulously examine the origin of funds

sometimes the bank tries to impose its own banking products on the client

Today the ECB rate is zero, i.e. the deposit rate is also near zero or even negative

Additionally, it should be noted that when choosing a suitable foreign bank, it is necessary to soberly assess the state of the economy and the presence of political problems in the state.

How to choose a foreign bank

A potential client of a foreign bank should understand that any financial institution charges a certain fee for its services. Opening an account is also a paid procedure and each bank has individual tariffs.

In fact, opening a bank account in many countries of the world today is just a matter of the amount of input capital and costs, although for Russians the imposed sanctions play a certain role. Examples of some foreign banks available to Russians, indicating the cost of opening an account, are presented in the table below:

Tariffs for opening an account in foreign banks

In the European zone, it is most profitable for Russians to open an account in the Baltics, where we can talk about several thousand euros. In other European countries, the average entry threshold for opening a deposit by foreign citizens is 50 thousand euros - although the larger the amount you are willing to invest, the wider the circle of foreign banks will be willing to open an account for you.

The most affordable conditions are offered by Chinese banks, which require only 20 yuan or 200 rubles for opening an account. The entry threshold is 1,000 yuan or 100,000 rubles. The possibility of deposit insurance appeared there on May 1, 2015 and amounts to a quite decent 500,000 yuan (at the time of the article this is approximately $72,500, i.e. almost three times more than in Russia), and both deposits in yuan and and in foreign currency. Payment must be made within a week from the date of the insured event. In terms of quality of service with online banking, some recommend China Everbright Bank - however, the downside is that you need a personal presence in China. The necessary information can be obtained from branches of Chinese banks in Russia - for example, in Moscow at Prospekt Mira, 72.

Separately, we can highlight the Danish Saxobank, about which I wrote an article. Despite the name, Saxobank is in fact a broker, not a bank, which leads to a low entry threshold of 10,000 euros. The consequence of a brokerage license is the lack of a deposit account and the introduction of an inactivity fee by the company. However, in conditions zero rates For euros, there is practically no difference when storing funds.

Procedure for opening an account in a foreign bank

More recently, citizens of the Russian Federation received the opportunity to open a current account in some foreign banks without personal presence in remote mode. To become an account owner you will need to complete the following steps:

1 . Select a suitable foreign bank

3. Wait for the bank's decision and pay the cost of the service

4 . Receive account details and place the minimum balance on it

Choosing the right bank is not a rhetorical form at all. For example, the Cyprus crisis of 2013 affected the entire banking system of the country, necessitating restrictions on the circulation of capital. A number of investors whose funds exceeded 100,000 euros found themselves at a loss. The easiest way to insure against such a situation is to check (and periodically monitor) the bank.

An additional advantage for clients of a foreign institution is the ability to use a service such as Internet banking. This makes it possible to manage your accounts remotely. Within a month after opening the account, it is necessary to notify the tax service, which will issue a notification, which is the basis for transferring funds to another country.

Documents for opening a foreign bank account

Each foreign bank has a specific list of documents that must be submitted to open a current account. These include in particular:

• copy of passport certified by a notary
• original certificate of residence
• resume for English language in the prescribed form
• documents about the citizen’s sources of income
• a certificate from a bank providing services to the client in his country

All documents are provided in the form of scanned copies and require mandatory certification using an electronic digital signature. Opening an account after receiving all the necessary documents usually occurs within a week, unless there is any suspicious information.

What companies help you open accounts abroad?

In practice, people tend to reduce their participation in various procedures for opening/closing accounts or paperwork to a minimum. That is why the services of companies that can independently perform all the necessary actions are in special demand. There are quite a lot of them.

For example, opening accounts abroad for Russians is carried out by Alfa-Bank, VTB24, as well as other Russian banks. An international company like Heritage Group has been doing this for more than ten years. She specializes in this issue and also serves organizations of various types.

When it comes to insuring deposit amounts, European banks typically insure deposits up to €100,000, while in the US this threshold is $250,000. For deposits in German banks, the refund is 100%.

Currently, the deposit rate for both euros and dollars is close to zero - and there is every reason to assume that this situation will continue over the next few years. Therefore, I would suggest both owners of foreign bank accounts and those who want to become one to think about creating a more effective investment portfolio instead of a passive storage of currencies.

A number of banks also provide brokerage services - in addition, it is not very difficult to transfer accounts from a foreign bank to a foreign broker, whose requirements for accepting funds are usually more flexible. At the same time, the insurance protection of brokerage accounts is higher - for American stock brokers it is $500,000, and for investment insurance companies using the unit linked method it has no restrictions at all.

Banks with foreign participation– foreign credit organizations that operate in Russia. There is only one form of such participation - through a subsidiary Russian bank. The Federal Law “On Banks and Banking Activities” does not allow foreign credit organizations to open representative offices and branches on the territory of the Russian Federation.

At the same time, the law requires notifying the Bank of Russia when a foreign legal entity or individual purchases a share in a credit institution from 1% to 10%. And for a larger package it is necessary to obtain permission from the Central Bank.

The arrival of foreign banks in Russia began to gain momentum in the early 2000s, when the economy began to stabilize. In 2003, the share of foreign capital in the Russian banking system was about 5%. By 2006, foreign banks had an interest in 149 credit institutions, while 51 banks were entirely owned by foreigners. The share of foreign capital in the Russian banking system exceeded 11%.

The peak of expansion of international financial organizations into Russia occurred in pre-crisis 2008, when 28.5% of the total equity capital of banks was accounted for by foreigners. However, the onset of the international financial crisis led to a general closure investment projects. At the end of 2010, the share of foreigners in the domestic banking system decreased to 28%, and by mid-2011 - to 27%. As of the fall of 2011, the assets of credit institutions owned by foreign investors accounted for no more than 18% of total assets. In total, about 200 organizations with foreign participation have a license to carry out banking operations. 142 of them are located in Moscow, 13 in St. Petersburg.

Analysts identify two reasons for the decline in the activity of foreign banks in Russia: firstly, the problems of parent credit institutions associated with the crisis in the economies of developed countries, and secondly, fierce competition in Russian market, primarily with banks with state participation.

Credit institutions such as the Dutch Rabobank Groep NV, one of the world leaders in car loans, and Morgan Stanley have left the Russian market altogether. The Scandinavian Swedbank, the British banking group Barclays and the Belgian KBC group announced their intentions to sell their subsidiaries in the Russian Federation. One of the largest European banks, HSBC, abandoned its retail business in Russia, preferring to work with corporate clients.

At the same time, a number of credit institutions with foreign participation are successfully developing their Russian business. The most famous subsidiary banks foreign financial institutions - Citibank, Raiffeisenbank, UniCredit Bank, OTP Bank, etc.

As a rule, the tariffs and packages of services they offer approximately correspond to the offers of completely Russian banks.

Foreign banks in Russia manage to work more efficiently than Russian credit institutions. The profitability of foreign banks is higher than that of domestic ones. This is largely due to the bank's more stringent cost control policy. Also, many subsidiary banks can be fed from the main bank, which allows them to operate more steadily in the market banking operations.

The state is not happy with this state of affairs. Therefore, in order to maintain and develop the Russian banking system, a bill banning the opening of representative offices of foreign banking organizations in Russia has been submitted to the government. The adoption of such a bill could reduce the influx of foreign investment into the banking sector. Let's consider foreign banks with 100% participation of foreign capital, which are prominent representatives in the Russian banking market.

Foreign banks and representative offices in Russia with foreign capital participation

Yapi Credit Bank Moscow is considered one of the oldest foreign banks in the country. It is 99.843% owned by the main bank in Turkey. Its history begins in 1988, when the Turkish bank opened its representative office in Moscow. Since 1993, the bank was one of twelve banks that received a License for banking activities in Russia. It has firmly taken its place in the Russian banking system and still offers many services in banking sector, both corporate clients and individuals. It was not affected by the 1998 crisis; rather, on the contrary, the bank acted as a reliable financing partner, which only allowed it to strengthen its position in the market.

Deutsche Bank is one of the largest banks in Germany. In Russia it has its own representative office in Moscow. In it, 40% of the shares of OFG Invest CJSC belong to Deutsche Bank. However, it does not provide services to private clients other than wealth management. The main area of ​​activity is the provision of banking services to corporate clients and management of large capitals. At the same time, in addition to all banking services, individual consulting is provided.

Since 2004, a representative office of GE Money Bank has been operating in Russia. The bank provides consumer lending services. By entering the Russian deposit insurance system, the bank meets all the requirements of the Central Bank of Russia. Combining modern foreign instruments and Russian realities, the bank is attractive to consumers not only for its offers, but also for its great popularity all over the world.

The most popular banks with 100% foreign capital participation

Raiffeisen Bank is one of the representatives with 100% participation of foreign capital. It is a subsidiary of the Austrian banking group Raiffeisen. The bank has been operating in Russia since 1996 and provides a full range of services to corporate and private clients, both in foreign currency and Russian rubles. In 2006, the Austrian Raiffeisen group acquired one hundred percent of the shares of OJSC IMPEXBANK. Today Raiffeisen Bank is one of the most reliable banks in the country. This is confirmed by many factors, for example, the bank has been assigned a high credit rating and reliability rating.

UniCredit Bank has been offering its services on the Russian market since 1989 with 100% participation of foreign capital represented by the shareholder of the Austrian bank UniCredit Bank Austria AG. It is one of the leaders in the domestic banking services market. Offers clients a wide range of banking services. Serves private and corporate clients. Attracts clients with an individual and respectful approach, as well as quality services.

Societe Generale Bank is a 100% foreign bank represented by the main shareholder of the Societe Generale group. It occupies a strong position in the Russian market. It was founded in 1993, and today has representative offices in eleven regions of the country. The bank offers potential clients a large selection of banking offers and services. Serves both private and corporate clients. The bank offers bank cards for depositing salaries, as well as business cards to simplify payments abroad and in Russia. We also offer various types of loans for private clients and financing programs for corporate clients. The bank has various awards and titles received in various years for the quality provision of services. The bank takes a strong position in the Russian market, offering its clients quality services. Bank representative offices are open in Nizhny Novgorod, Moscow, Ufa, St. Petersburg, Yekaterinburg and a number of other large cities in Russia.

Which bank to choose

Having decided to use a banking service, the question of choosing a bank arises. Many private clients have no question about which bank it is, Russian or foreign. Studying offers and terms of service comes first. As a rule, Russian banks are more adapted to the realities of the domestic market, but at the same time, they can offer a smaller number of banking services, while representative offices of foreign banks, relying on the support of the parent bank and its experience, can offer large quantity quality services. When choosing between foreign and domestic banks, you should remember that most domestic banks operate in limited regions, which reduces consumer opportunities when traveling around the country and even more so outside its borders.

When choosing a foreign bank, you should study not only its history of activity in Russia, but also the history of the main bank located abroad. This will help you form an objective opinion about the quality of the services offered and the reliability of the bank. Valuing their reputation, foreign banks very carefully monitor the activities of their representative offices in Russia. At the same time, the level of services offered to clients must correspond to the level of a foreign bank. All this leads to the provision of better services. Thus, foreign banks try to attract customers and retain them, trying to consolidate their positions in the market. However, it is necessary to remember that when choosing a foreign bank, you are giving away your money, which begins to work for a foreign state.

Most citizens in our country are quite skeptical about the domestic banking system. And if we talk in simple words, then they do not trust modern commercial Russian banks. Surely this is due to the fact that the financial system of our country leaves much to be desired, because in last years our country is in a crisis. But foreign companies, on the contrary, attract potential clients, and have recently been in active demand. Are there foreign banks in Russia? We will definitely consider a list of them below.

Are there foreign organizations in Russia

According to the legislation of our country, it is prohibited to open branches of foreign banks on the territory of the Russian Federation. From this we can conclude that foreign banks in Russia for individuals cannot exist.

However, according to the law of our country, it is not prohibited to open subsidiaries on the territory of Russia, the share of the capital of which will belong to non-residents of the Russian Federation. But the nuance is that all financial organizations operating in Russia are required to act strictly according to the law of the Russian Federation and are completely subordinate to the Central Bank of Russia.

Are there foreign banks in Russia? Formally, there are no branches, but there are quite a large number of financial organizations that are subsidiaries of foreign organizations.

List of foreign banks in Russia

In fact, there are quite a lot of credit and financial institutions in Russia that were organized as subsidiaries of foreign companies. In total, the list contains about 69 names of commercial organizations operating in Russia; their authorized capital belongs to foreign financial groups. In addition, many of them work exclusively with legal entities, and we will consider only a small list of those that provide services to individuals and occupy high positions in the ranking of our country.

UniCredit-bank

This organization began its activities since the time Soviet Union, or to be more precise, it began its activities in 1989, at that time it was called the International Moscow Bank. In 2007, it was renamed UniCredit Bank and became part of the largest network of banks, covering more than 22 countries throughout Europe. The share of the authorized capital is 100% owned by the financial group UniCredit S.p.A, and its legal address is 00186, Italy, Rome, Via A. Specchi 16, today the bank ranks 12th in the ranking.

Interesting! General license of UniCredit-Bank in Russia No. 0001 of the Central Bank of the Russian Federation. This means that he received a license to carry out financial activities the very first in Russia.

Raiffeisen Bank

The list of European banks in Russia is quite extensive and also includes one of the largest financial organizations in our country, Raiffeisen Bank. It appeared in our country in 1996, although in fact its history goes back to the mid-19th century. The founder of the financial group is Friedrich Wilhelm Raiffeisen. The share of foreign capital is 99.96718%, it belongs to Raiffeisen Zentralbank Österreich. Legal address Austria, 1030 Vienna am Stadtpark 9. The headquarters of the subsidiary in Russia is located in Moscow. The bank occupies 13th position in the ranking and specializes in servicing both legal entities and individuals.

Rosbank

Rosbank, quite well known in our country, is also a subsidiary of the French Financial Group. The share of foreign capital is 99.9508%. The company belongs to the financial group Societe Generale S.A. The company appeared in our country quite a long time ago, more precisely in 1998, the holding company Interros bought out the bank AKB Independence and renamed it Rosbank, in 2006 the stakes were sold in parts to the French financial group and Société Générale. To the extent that more than 99% of the shares belong to a foreign financial group, it exercises complete control over the activities of a Russian commercial bank. In Russia, Rosbank occupies 14th position in the ranking.

Citibank

It is also a fairly large and well-known bank in our country, founded by the largest financial group, Citigroup Inc. This financial group was founded in the United States of America back in 1812. At the moment, 100% of the shares belong to this financial group. It received general license number 2557 on October 5, 2001. Citibank specializes in servicing individuals and legal entities. Currently, Citibank ranks 21st in the ranking. The headquarters is located in Moscow.

Interesting! The first branch of Citibank in Russia appeared in 1993, and was one of the first financial institutions with foreign capital. Although, according to some sources, the name of the financial institution was first mentioned back in 1917, its branch was opened in the two cities of Petrograd and Moscow, but after the October Revolution, all financial institutions were nationalized.

Home Credit Bank

This bank is known in our country as one of the leaders in consumer lending for individuals. It belongs to the international investment financial group PPF registered in Amsterdam, which was founded by Czech billionaire Petr Kellner. The bank appeared in Russia in 2002. Initially, he specialized in targeted loans issued at retail outlets. In 2002, Home Credit Bank entered into an agreement with the Eldorado retail chain, and in 2004 released the first credit card, and in 2005 he opened his own office and issued the first consumer loan. The share of foreign capital is 99.9919%, it belongs to the financial group Home Credit B.V., which is located in the Kingdom of the Netherlands, Amsterdam.

OTP bank

The financial institution belongs to the Hungarian financial group OTP Group. A share of the authorized capital of 66.1610% belongs to the financial group OTP Group, another 31.7078% belongs to AllianceReserve LLC, 1.2% to MFB Invest, less than 1% to other shareholders. It was registered in Russia in 2008, and a year later it took second place in issuing consumer loans; it currently ranks 53rd in the ranking.

Rusfinance-Bank

This Russian commercial Bank not so popular in Russia, it occupies only 63rd place in the ranking of Russian banks. If we talk about its share of capital, it is 100% owned by PJSC Rosbank, and, as mentioned earlier, it is a bank with foreign capital owned by the French financial group Societe Generale S.A. The main activity of the bank is issuing consumer loans, car loans and credit cards; in 2011, the bank took first place in terms of the volume of car loans issued through a network of car dealers. Today it is one of the three largest banks specializing in car loans. It was acquired by the company in 2006; to be more precise, it was created on the basis of Promek-Bank.

Credit Europe Bank

It was created in 2007 on the basis of Financebank. Today it is one of the largest commercial credit and financial institutions in Russia, which ranks 58th in the ranking of commercial banks in Russia. The share of foreign capital is 99.99931973%, the shares belong to the large international financial group FIBA, and its owner is Turkish billionaire Hüsnü Özegin.

Deltacredit

This Russian commercial bank, its activity is mortgage lending. It, like PJSC Rosbank, is part of the financial group Societe Generale S.A. It began its activities in our country in 1998 under the name J.P. Morgan-Bank, and in 2005, through reorganization, it was merged into the French financial group. 100% of shares belong to PJSC Rosbank.

Subsidiaries of foreign companies in Russia

So, as stated earlier, there cannot be foreign financial organizations in our country by law. After all, all credit and financial institutions located on the territory of Russia are required to act exclusively within the framework of our legislation and obtain a license from the Central Bank of the Russian Federation. By the way, it should be noted that the list of foreign banks in Russia includes some other large organizations specializing in servicing individuals and legal entities, among them:

• Toyota Bank (Japan);
• Plus-Bank (Kazakhstan);
• Mercedes-Benz-Bank Rus (Germany);
• Commerzbank (Eurasia) (Germany);
• Volkswagen-Bank Rus (Germany);
• Bank of China (China);

Please note that if we talk about the reliability of foreign banks, there are undoubtedly large banks with foreign capital in Russia, but if you look at the rating, the leading positions are still occupied by Russian banks such as Sberbank, VTB24, Rosselkhozbank, Gazprombank, Alfa-Bank, Promsvyazbank. As for the subsidiaries of foreign enterprises, they are not among the ten most reliable banks in Russia.

To summarize, foreign organizations work with great success in Russia and do not intend to leave the domestic market in the near future. Even though the economic and geopolitical situation is quite unstable, the subsidiaries of foreign companies are only strengthening their positions in our market and expanding their branch network.

According to Russian law, foreign banks in Russia cannot open their branches, but they can have shares in Russian banks. In other words, foreign banks can open subsidiaries in Russia, which are essentially Russian banks, only their founders are wholly or partially foreign.

Such banks operate according to Russian laws:

• are checked, subordinate and report to the Central Bank of Russia,
• make mandatory contributions to the reserve fund.

That is, they are in an equal position with Russian banks, so it would be more correct to say not foreign banks, but banks with foreign participation.

List of main Russian banks with foreign participation

UniCredit Bank

100% of shares belong to UniCredit S.p.A. (Italy)

Basic facts about the bank:

• The bank was created in the USSR in 1989 on October 19.
• The original name was International Moscow Bank.
• Became the first Russian bank with foreign capital.
• Registration number of the general banking license is 1.
• Until October 2016, the sole shareholder was UniCredit Bank Austria AG; now UniCredit S.p.A. is a direct participant in the bank.
• Included in the list of the Central Bank of the Russian Federation of systemically important banks.
• It is the largest Russian bank.

Rosbank/DeltaCredit/Rusfinance Bank

The banks are part of the Societe Generale group (France).

• Rosbank is the largest and systemically important bank in Russia.
• DeltaCredit deals only with mortgage loans.
• Rusfinance Bank specializes in issuing consumer loans.

Raiffeisenbank

99.96718% owned by Raiffeisen Bank International AG (Austria)

Facts about the bank:

• Raiffeisenbank was created in Russia in 1996, and in 2007 IMPEXBank was merged with it.
• Systemically important bank.

Interesting bank products:

• — long long period, free of charge service.

Citibank

100% belong American Citigroup.

Eastern Bank

51.62% - Evison Holdings Limited (Cyprus), 32.02% - FINVISION HOLDINGS LIMITED (Cyprus).

Home Credit and Finance Bank

• It is a leader in retail lending.
• Offers - an analogue of Conscience and Halva, but unlike them, installment plans are available in any store, and not just in partner stores.

OTP Bank

Part of the OTP Group (Hungary).

OTP Bank is interesting as the creator of the online bank Touch Bank. Touch Bank does not have offices; service occurs remotely. Touch Bank operates under a license from OTP Bank.

The most popular product is with cashback and accrual of income on the balance. The card has two tariffs: Limited with free service and Daily 2.0 with conditionally free service and extended functionality.

The bank also offers a credit card with very favorable conditions for the borrower.

Setelem Bank

79.2% of shares belong to Sberbank, 20.8% to BNP Paribas S. A group (France)

The bank specializes in consumer lending in retail stores and car dealers.

Credit Europe Bank

99.99931973% of shares belong to Credit Europe Bank N.V. (Holland)

These banks are the largest among Russian banks; the share of foreign companies in them is significant.

Foreign banks in Russia inspire the greatest confidence among depositors, after.

Nina Polonskaya