BM-Bank (formerly Bank of Moscow)
Since 1995
Russia
Central Federal District of the Russian Federation
Moscow
107996, st. Rozhdestvenka, d. 8, p. 1
Top managers:
Kuzovlev Mikhail
Klopotovsky Andrey Georgiyevich
Owners:
VTB Bank
Content |
JSC BM-Bank (formerly JSC AKB Bank of Moscow) is a bank formed as part of the reorganization process of OJSC Bank of Moscow. The key activity of the bank is working with problematic and non-core assets as part of the implementation of the financial recovery plan.
The bank serves more than 120 thousand corporate and 9 million private clients. Among the clients are legal entities - the largest industry enterprises, SMB enterprises.
The bank is represented by its head office and one additional office in Moscow. The group also includes 2 subsidiary banks: BM Bank JSC in Ukraine and JSCB Zarechye OJSC in Tatarstan.
The average annual headcount of the Group's employees as of 31 December 2016 was 8,346, including 5,574 at the Bank (18,249 at 31 December 2015, including 11,682 at the Bank of Moscow).
As of February 1, 2015, 139 divisions of the bank operated in the regions of Russia. In Moscow and the Moscow region there were 146 offices of the bank. In addition, services to the population were provided in 424 post-bank branches of the capital region.
Information Technology Budget
2012
In the fall of 2012, Bank of Moscow published statements for the third quarter of 2012, a separate item in which is devoted to expenses for scientific and technical development, licenses and patents, new developments and research. According to the bank's documents, for 9 months of 2012, the bank spent 158.8 million rubles on scientific and technical development. Recall that in the first 6 months of this year, the development of the Bank of Moscow spent 103.9 million rubles for the same purposes. Thus, directly in the third quarter of 2012, the credit institution's IT expenses amounted to 54.9 million rubles. For comparison, the same indicator for the third quarter of 2011 amounted to 41.1 million rubles, and for the first 9 months of 2011 - 88.9 million rubles.
Bank of Moscow adheres to its previous policy in the field of scientific and technical, aimed at the development and introduction of advanced banking technologies in order to provide customers with access to modern complexes of banking services. The bank continues to optimize the unified information technology environment that unites the head office, branches, branches, subsidiaries and clients, and the fleet of computer equipment is being improved.
The credit institution is conducting projects to introduce an internal information portal with expanded functionality for bank employees, as well as to modernize the external website of Bank of Moscow in order to strengthen its role as a tool for selling banking products.
Informatization
2012: E-Services Course
As Sergey Mednov, Senior Vice President of Bank of Moscow, told CNews in December 2012, one of his priorities at his new place of work (the transfer of the head from Alfa Bank took place at the end of autumn 2012) will be the development of electronic services for legal entities. "I will change the e-business block a lot," he says.
Listing the features that will appear, Mednov names electronic settlements between suppliers, including trading platform services for public procurement, online accounting services and products for financial management (cash management) of medium-sized businesses.
"There are a lot of services that can be integrated," he tells CNews. - This will most likely be created in the usual interface of the client's personal account[1].
Mednov explained that this is not about writing completely new applications, but about embedding the developments of third companies in the existing electronic channels of the bank.
Also, the focus will be on Internet acquiring. "This market will seriously grow by transferring more and more payments to electronic form," Mednov said.
In addition, the bank intends to expand the use of contactless technologies of Visa and MasterCard payment systems (PayWave and PayPass, respectively), including in transport applications. "We have good positions in terms of payment for Moscow municipal services, including travel by metro and ground transport," the head says.
Mednov does not intend to change the main banking information systems: "ABS works efficiently, it does not need to be changed, as well as many other key systems created by the bank's developers." As for the change in the IT budget in 2013, he talks about "reasonable growth," without naming absolute amounts. The number of IT service employees is "several hundred in the central office, taking into account regional divisions - more. The total number of IT services is well within industry standards. "
2015: Import Substitution Rate
Member of the Board of Bank of Moscow Sergey Mednov calls import substitution the main trend for the bank in the direction of IT for 2015. In February, he told TAdviser that the Bank of Moscow is conducting several experiments in this direction.
One of them is the porting of an automated banking system (own development of the Bank of Moscow - note TAdviser) to alternative DBMS: in particular, to PostgreSQL.
"To the extent that we have already tried to do this, porting has been quite successful. According to our estimates, if a positive decision is made, the migration process will take several months, "says Sergey Mednov.
According to Sergei Mednov, the bank plans to continue experiments on import substitution in part of the entire software stack: "we look at Russian OS, primarily as an alternative to Microsoft, as well as various middleware products that exist on the market as an alternative to IBM WebSphere products and the like."
Also, the Bank of Moscow is very interested in Russian and Israeli computer security systems, which should replace "potentially dangerous American counterparts," he adds.
As for server and telecommunications equipment, here, according to Sergei Mednov, the bank does not yet see serious options for using alternative import-substituting domestic technologies, so there are only Chinese-made solutions in the current alternative hardver stack.
History
2025: VTB's exit from VTB Leasing's capital
At the end of December 2024, VTB completed the transfer of a 100% stake in VTB Leasing to BM Bank. This deal became known in mid-January 2025. Read more here
2022: Joining Zapsibcombank
On January 10, 2022, VTB announced the successful completion of legal procedures for the merger of Zapsibcombank with BM Bank. The integration lasted about four years. Read more here.
2021: Completion of accession to Vozrozhdenie Bank
On June 15, 2021, VTB announced the completion of the procedure for joining Vozrozhdenie Bank to another subsidiary credit institution, BM Bank (formerly Bank of Moscow). As a result of the reorganization, Vozrozhdenie ceased to exist as an independent legal entity, according to the data of the unified state register of legal entities. Read more here.
2013
In April 2013, a new line of credit cards was launched, in December - the charity card "Gift to the Shrine" and the federal co-brand with S7. At the same time, activation campaigns were regularly held during the year.
The number of bank branches has decreased, but their effectiveness has increased. According to the results of 2013, the retail business of BM brought the Group almost 2 billion rubles.
As for the RBS systems, the number of users of the Internet Bank increased to 61%, users of the mobile bank - to 35%. The main functions and key areas of e-business remain: developing a profitable business in the e-commerce market (B2C), attracting new and retaining existing customers through innovative products and services (B2B), supporting the status of a municipal bank through urban electronic products (B2G).
The growth of Internet acquiring turnover in 2013 amounted to 250%. The planned growth by 2016 is 380%. In 2013, the share of the Internet acquiring market was 5%. 2016 target: market share - 10%.
Representatives of the bank also noted that in 2013 the universal payment application BMmobile and the bicycle rental application (Velobike) were launched. In 2014, it is planned to launch a mobile bank for corporate clients on smartphones and tablets.
Processing services at the Bank of Moscow include: 40 banking agents, of which 10 are regional banks. 15 banks are planned for connection in February-April 2014.
2015
Bank of Moscow will become part of VTB
From January 1, 2016, the Bank of Moscow will join VTB Bank, Mikhail Oseevsky, Deputy President and Chairman of the Board of VTB Bank, told reporters at a press conference in February 2015.
The Bank of Moscow will remain until 2018, but will change its functions and powers
VTB is likely to retain the Bank of Moscow as a separate legal entity until 2018, the head of the bank Andrei Kostin told reporters in June 2015. The head of VTB, in particular, noted: "As for the process of legal accession, here, indeed, there are some issues that may not have been fully taken into account"
"... They are associated with certain financial aspects, including the financial recovery plan. I think that in reality we will have to save the Bank of Moscow to one degree or another as a kind of legal entity, but with completely different functions and powers, maybe with different capital... Moreover, most likely, we will follow the path of allocating a "good" bank and a certain bank less good, "- added A. Kostin.
2016
Completion of the reorganization
On May 10, 2016, the Bank of Moscow reorganized in the form of joining VTB Bank. As part of the integration, the bulk of the Bank of Moscow's business passed to the latter - about 70% of assets, which is more than 900 billion rubles according to international reporting standards.
As follows from the previously published materials on the reorganization, the authorized capital of the "good" part of the Bank of Moscow attached to VTB is approximately 20.963 billion rubles, and the Bank of Moscow, which remains as a legal entity and whose main task will be to complete the financial recovery program, remains 13.537 billion of the previous 34.5 billion rubles of the authorized capital. Former divisions of the Bank of Moscow were transformed into retail divisions of VTB Bank and continue to work with individuals and small businesses in the same mode. All products and services provided to customers earlier continue to operate on the same terms.
After the reorganization was completed, the Bank of Moscow received the official name of BM-Bank PJSC. On September 30, 2016, the organizational and legal form was changed from a public joint-stock company to a joint-stock company.[2]
Logo change
In connection with the completion of the reorganization in the form of joining VTB Bank, BM-Bank changed its logo, which it has been using since 2005.
2020
Ex-head of the bank Andrei Borodin sentenced to 14 years in prison
In March 2020, the Meshchansky District Court of Moscow sentenced Andrei Borodin, his ex-deputy Dmitry Akulinin and three other defendants to long terms of imprisonment, finding them guilty of embezzlement of more than 14.5 billion rubles. The verdict was passed in absentia, since the defendants are abroad. Read more here.
Final verdict: Ex-head of the bank Andrei Borodin sentenced to 14 years in prison
On August 27, 2020, the Moscow City Court confirmed the legality sentence against the former President of the Bank of Moscow Andrei Borodin, sentenced to 14 years in prison for embezzlement of more than 14 billion rubles. Read more here.
Notes
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