BM-Bank (formerly Bank of Moscow)

BM-Bank JSC (former name - JSC AKB Bank of Moscow) is a bank formed as part of the reorganization process of Bank of Moscow OJSC. The key activity of the bank is to work 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 clients - legal entities - the largest industry enterprises, SMB enterprises.

The bank is represented by head office and one additional office in Moscow. The group also includes 2 subsidiary banks: BM Bank JSC in Ukraine and Zarechye JSC in Tatarstan.

The average annual number of employees of the group as of December 31, 2016 was 8,346 people, including the bank - 5,574 people (as of December 31, 2015 - 18,249 people, including the Bank of Moscow - 11,682 people).

As of February 1, 2015, 139 bank divisions were operating in the regions of Russia. In Moscow and the Moscow region, there were 146 bank offices. In addition, services were provided to the population in 424 post and bank offices of the metropolitan area.

Budget for information technology

2012

"Bank of Moscow" in the fall of 2012 published reports for the third quarter of 2012, a separate item in which is devoted to the costs of 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, 103.9 million rubles were spent on the same development goals by the Bank of Moscow. Thus, directly in the third quarter of 2012, the credit institution's expenses on IT amounted to 54.9 million rubles. For comparison, the same figure for the third quarter of 2011 was 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 implementation of advanced banking technologies in order to provide customers with access to modern banking services. In bank the optimization of the uniform information and technological environment uniting head office, offices, branches, subsidiaries and clients continues, the park of computer facilities is 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 Bank of Moscow's external website in order to strengthen its role as a tool for selling banking products.

Informatization

2012: Course on Electronic Services

According to CNews in December 2012, Senior Vice President of Bank of Moscow Sergey Mednov, one of his priorities at a 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 electronic business block a lot," he says.

Listing the functions that will appear, Mednov calls electronic settlements between suppliers, including trading platform services for public procurement, online accounting services and middle-business financial management products.

"There are lots of services that can be integrated," he tells CNews. - It will be created, most likely, in the usual interface of the client's personal account^[1].

Mednov explained that we are not talking about writing completely new applications, but about integrating the development of third companies into the existing electronic channels of the bank.

The focus will also be on Internet acquiring. "This market will grow seriously due to the transfer of an increasing number of 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 paying for Moscow municipal services, including metro and ground transportation," the head says.

Mednov does not intend to change the main banking information systems: "ABS works effectively, it is not necessary to change it, as well as many other key systems created by the developers of the bank." As for the change in the IT budget in 2013, he speaks of "reasonable growth" without naming absolute amounts. The number of IT employees - "several hundred in the central office, taking into account regional departments - is more. The total number of IT services is well in line with industry standards. "

2015: Course on import substitution

Board member 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 was conducting several experiments  in this direction.

One of them is the porting  of an automated banking system (the Bank of Moscow's own development - approx. TAdviser) to alternative DBMS: in particular, to  PostgreSQL. 

"In the volume in which we have already tried to do this, porting  has proved to be  quite successful. According to our estimates, if  a positive decision is made, the migration process will take several months, "says Sergey Mednov

Bank of Moscow is interested in replacing both American software and iron

According to Sergey Mednov, the bank plans to continue import substitution experiments in terms 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  and similar products."

Bank of Moscow is also very interested in Russian and Israeli computer security systems, which should replace "potentially dangerous American analogues," he adds. 

As for server and telecommunications equipment, here, according to Sergey 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 hardwire stack. 

History

2022: Joining Zapsibcombank

On January 10, 2022, VTB announced the successful completion of legal procedures for the accession of Zapsibcombank to BM Bank. Integration lasted about four years. More details here.

2021: Completion of accession to Renaissance Bank

On June 15, 2021, VTB announced the completion of the procedure for joining Vozrozhdenie Bank to another subsidiary credit institution - BM Bank (formerly the 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. More details here.

2013

In April 2013, a new line of credit cards was launched, in December - the Gift to the Shrine charity card and the federal co-brand with S7. At the same time, activation campaigns were regularly carried out during the year.

The number of bank branches has decreased, but their efficiency has increased. At the end of 2013, BM's retail business brought almost 2 billion rubles to the Group.

As for BBO systems, the number of Internet Bank users increased to 61%, mobile bank users - to 35%. The main functions and key areas of e-business remain: the development of profitable business in the e-commerce (B2C) market, 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 the turnover of Internet acquiring in 2013 amounted to 250%. Planned growth by 2016 - 380%. In 2013, the share of the Internet acquiring market was 5%. Target for 2016: market share - 10%.

Representatives of the bank also noted that in 2013 the universal payment application BMmobile and the application for bicycle rental (Velobike) were launched. In 2014, it is planned to launch a mobile bank for corporate customers on smartphones and tablets.

At the processing service at the Bank of Moscow are: 40 banking agents, of which 10 are regional banks. 15 banks are planned to connect in February-April 2014.

2015

Bank of Moscow will be part of VTB

From January 1, 2016, the Bank of Moscow will join VTB Bank, Mikhail Oseevsky, deputy president-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 functions and powers

VTB is likely to retain the Bank of Moscow as a separate legal entity until 2018, bank head 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 related to certain financial aspects, including the financial recovery plan. I think that in reality we will have to preserve the Bank of Moscow to one degree or another as a legal entity, but with completely different functions and powers, maybe with another capital... Moreover, most likely, we will go along the path of allocating a "good" bank and a certain bank less good, "added A. Kostin

2016

Completion of reorganization

On May 10, 2016, the reorganization of the Bank of Moscow in the form of joining VTB Bank was completed. As part of the integration, the bulk of the Bank of Moscow's business passed to the latter - about 70% of the 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, has 13.537 billion of the previous 34.5 billion rubles of authorized capital. Former divisions of the Bank of Moscow have been 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 PJSC BM-Bank. On September 30, 2016, the organizational and legal form was changed from a public joint-stock company to a joint-stock company.^[2]