Rosgosstrakh Bank

OJSC Rosgosstrakh Bank (OJSC RGS Bank) is a universal commercial bank that is one of the TOP-50 leading banks in Russia. The main activities of the organization are lending to small and medium-sized businesses, as well as providing banking services for private clients. The Bank is a member of the Deposit Insurance System.

2023: Extradition from Peru to Russia of ex-bank manager Leonid Lavrov

Ex-manager of Rosgosstrakhbank Leonid Lavrov, accused of attempted fraud and theft of money, was extradited from Peru to Russia in March 2023, Interior Ministry spokeswoman Irina Volk said.

According to investigators, Lavrov committed crimes in 2016, when he was the office manager of one of the Russian banks. He fled the investigation abroad. In 2021, he was detained in Peru, where the Prosecutor General's Office sent a request to extradite the wanted person.

2020: Additional capitalization from Otkritie Bank by 12.2 billion rubles for growth in the car loan market

In July 2020, it became known that RGS-Bank plans to place an additional issue in favor of Otkritie FC. This time, the volume of additional capitalization will amount to 5.6 billion rubles, the share capital can almost double, and the fixed capital - by 38.5%. Now they amount to 5.9 billion rubles. and 14.7 billion rubles. respectively. The parties plan to complete the additional issue process in August. In March, the issue of securities in favor of the main shareholder allowed RGS Bank to raise 6.6 billion rubles in capital.

Such injections are necessary to fulfill the strategic goal - to turn from the captive bank of the Rosgosstrakh Group of Companies into one of the leaders in the car loan market. By 2022, RGS Bank plans to increase its share in this market to 10%. For comparison: the top three - Rusfinans, Cetelem and VTB - have shares of 12.2%, 12.0% and 11.5%, respectively. According to Frank RG, as of June 1, RGS-Bank occupied the 20th line in the portfolio of car loans with a market share of 1.4% and a portfolio of 13.5 billion rubles. According to experts, the planned additional capitalization will allow the bank to expand its business at least several times.

2017: Otkritie Bank receives 85% of Rosgosstrakh Bank

On April 28, 2017, Otkritie Holding filed a petition with the Federal Antimonopoly Service (FAS) to acquire more than 75% of Rosgosstrakh Bank. The acquisition of more than 10% of shares in the bank should also be coordinated with the Central Bank of the Russian Federation, but its representative does not comment on "existing companies and specific transactions."

According to Vedomosti, referring to its own source, this is the stage of the unification of Otkrytie and Rosgosstrakh, which is planned to be implemented in 2017-2018. The format of integration of Rosgosstrakh Bank into the banking business of Otkritie is still being developed.

Rosgosstrakh Bank may be interested in Otkritie rather as a sales network for Rosgosstrakh products and as its settlement center, so the deal should not be considered autonomously, but as part of a big deal with Rosgosstrakh, says S&P analyst Viktor Nikolsky. This looks like part of a big deal, agrees RAEX managing director Stanislav Volkov. According to him, the insurance company, the bank and other businesses of the president of Rosgosstrakh Danil Khachaturov are closely interconnected, there are significant flows of liabilities between them, and it is quite difficult to take them separately.

In mid-June 2017, the FAS approved a petition to acquire 75% of Rosgosstrakh Bank by Otkritie Holding. At the end of August 2017, Otkritie FC Bank acquired a 60.5% stake in Rosgosstrakh Bank, a little later the share was increased to 85%. In early September, Otkritie FC gained full control over companies that own shares in the Rosgosstrakh insurance company: records were made in the Unified State Register of Legal Entities that Otkritie FC owns 99.01% in RGS Assets LLC and 99.95% in RGS Holding LLC.

Since August 29, 2017, the Bank of Russia has been the main investor in Otkritie FC Bank. A temporary administration was appointed to the bank, which included employees of the Central Bank and the Banking Sector Consolidation Fund.

2010

On June 03, 2010, the international rating agency Moody's Investors Service confirmed to Rus-Bank the rating for long-term liabilities in foreign currency at the level of "B2," as well as the financial stability rating (RFC) at the level of "E +" (ratings assigned on January 10, 2006). The forecast of all ratings on the global scale is "stable." At the same time, Moody's Interfax Rating Agency confirmed the bank's long-term credit rating on the national scale at the level of "Ваа1.ru."

1994: Founding of the Bank

Rosgosstrakh Bank was founded on September 5, 1994 and operates in the Russian Federation.