BSPB.Leasing

History

2024: Establishing a Company

At the end of June 2024, St. Petersburg Bank announced the creation of a subsidiary to provide leasing services - BSPB.Lising LLC. This legal entity is fully owned by the bank, and its authorized capital is 5.5 million rubles.

According to the Interfax agency, the main activity of the new company will be financial lease (leasing/subleasing). Currently, the bank already provides leasing services through its partners, such as North Venice JSC, North Venice Leasing LLC and St. Petersburg Leasing Company LLC.

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In addition, in May 2024, St. Petersburg Bank established a subsidiary to provide factoring services - BSPB Factoring LLC. According to Interfax, the bank continues to cooperate in this area with First Factoring Agency LLC and Factoring Company St. Petersburg LLC. These companies provide a full range of factoring services, which allows the bank to strengthen its position in the financial market.

According to the data for 2021, the main shareholders of the bank are its top managers, including the chairman of the board, Alexander Savelyev, who directly owns 26.82% of the voting shares. The European Bank for Reconstruction and Development owns 5.08%, and the East Capital group - 3.84% of the shares.

Bank St. Petersburg ranks 17th in terms of assets among Russian banks in the first quarter of 2024, according to the Interfax-100 ranking prepared by Interfax-CEA. The creation of subsidiaries to provide leasing and factoring services testifies to the bank's desire to expand the range of its financial services and strengthen its market position.

As the representative of the bank noted, the new subsidiary of BSPB.Lising LLC will contribute to improving the conditions for doing business and expanding opportunities for the bank's clients. Leasing services will become more affordable and diverse, which will help meet the growing demand for financial instruments in various sectors of the economy.^[1]

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