Bank Revival

History

2021

Theft of 6.5 million rubles from customer accounts

Officers of the FSB department in June 2021 reported the theft of 6.5 million rubles from the accounts of customers of a branch of Vozrozhdenie Bank. Olga Ruban, the former acting head of the branch in Voronezh, is suspected of theft. From December 2019 to October 2020, she withdrew money to a bank card. Later, the suspect cashed them.

Completion of the accession to the BM 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.

On the Revival page in the Unified State Register of Legal Entities, the status "termination of a legal entity by reorganization in the form of accession" is indicated. The date of termination is June 15, 2021.

From the middle of last [2020] year, we began work on transferring its clients to VTB, combined the office network and the product line, which made it possible to offer our new customers the most modern service standards. We are confident that work with them will continue at the highest level and in the future - this is our strategic task, "VTB said in a statement quoted by Interfax.

By mid-June 2021, BM-Bank ranks 24th in terms of assets among Russian credit organizations. "Revival" is in 65th position. According to data on the Central Bank's website, as of April 8, 2021, VTB Bank owned a 95.3% stake in Vozrozhdenie (100% of voting shares).

Earlier, VTB board member Dmitry Pianov said that Vozrozhdenie Bank has minority shareholders who own preferred shares of a credit institution. The banker also recommended that Vozrozhdenie minority shareholders not participate in the vote at the extraordinary general meeting of shareholders and, according to the legislation in force by 2020, present their shares to Vozrozhdenie Bank in a 45-day period.

In addition to Renaissance, VTB will join Zapsibcombank and Sarovbusinessbank to BM Bank.^[1]

Interview Tadviser with Deputy Head of the Information Security Service Vasily Okulessky

In May 2021, in an interview with TAdviser, Vasily Okulessky, deputy head of the Information Security Service, spoke about the project for the rapid introduction of antifrods of the system in Vozrozhdenie Bank. More details here.

2020

The collapse of shares by 25% and the plan to merge the bank with VTB through BM Bank

From August to December 2020, preferred shares of Vozrozhdenie Bank fell by 25%. Investors complained to the Central Bank about the unfair calculation of their share in the deal with VTB.

It is planned to exchange 1 share of BM Bank for 1.5 ordinary or for 4 preferred shares of Vozrozhdenie.

VTB, which owns ordinary shares of Vozrozhdenie, will acquire one share of BM-Bank for 1,179,7 rubles of equity attributable to one share (786.48 x 1.5), and the owner of preferred shares will acquire one share of BM-Bank for 3,146 rubles (786.48 x4) of equity of Vozrozhdenie. Next, BM Bank will be attached to VTB Bank. Investors call it unfair.

Abandonment of own offices and their restart under the VTB brand

In September 2020, it became known that Vozrozhdenie Bank is closing offices and will abandon its brand. All offices will be transferred and opened under the VTB brand.

By November 2020, the number of offices in Vozrozhdenie decreased by 17%, to 95, and the average number of employees - by 6.4%, to 4200.

Availability of ATM network and free services of VTB Group

On June 4, 2020, Vozrozhdenie Bank announced that as part of the current self-isolation regime, its customers have a number of additional opportunities in the form of expanded free access to digital financial services within the Group. VTB

After the bank joined VTB Group, projects were phased in to combine ATM networks, cancel the fee for withdrawal/deposit of cash and make transfers from card to card between customers - thus, additional infrastructure and new digital services became available to Vozrozhdenie Bank customers.

Ensuring the availability of VTB Group infrastructure and banking operations for Renaissance Bank customers is one of our key tasks. Our customers have already felt the positive effect of combining ATM networks, and the introduction of additional digital services has made it possible to provide our customers with a service that almost completely eliminates the need to contact Bank branches for ongoing operations. This is especially relevant against the background of the spread of coronavirus infection, noted Natalia Shabunina, Deputy Chairman of the Board of Vozrozhdenie Bank.

At the beginning of June 2020, the Group's clients perform about 150 thousand mutual transactions per month, including cash withdrawals and deposits at ATMs, as well as money transfers.

The Group's ATM network covers all regions of the Russian Federation and has more than 17,000 devices.

FAS warning for cheating customers on deposits

The Federal Antimonopoly Service issued a warning to Vozrozhdenie Bank. The bank included one interest rate in applications for the opening of the deposit, but bankers, when replenishing, accrued interest on deposits at a floating rate. They were enshrined in other documents of the bank. For deceiving customers, the bank was not even fined.

2019

Providing access to Mir Pay service to customers

On December 17, 2019, Vozrozhdenie Bank announced the launch of a contactless payment service using the Mir Pay smartphone, developed by the Mir payment system. Holders of Mir cards will be able to use the service - owners of any Android-based smartphones (starting from version 6.0) with support for NFC technology. More details here.

Charged hackers who stole more than 10 million rubles from ATMs of Sberbank and Vozrozhdenie Bank.

On December 13, 2019, it became known that the Investigative Committee of Russia (SC) charged two hackers with robbing banks by hacking ATMs. In their "work," criminals used specialized software that literally forced ATMs to unload money.

• 1 XLIFFService: The request channel timed out while waiting for a reply after 00:01:00. Increase the timeout value passed to the call to Request or increase the SendTimeout value on the Binding. The time allotted to this operation may have been a portion of a longer timeout.

2018: VTB acquires a bank

In February 2018, information appeared about the interest in the bank from Suleiman Kerimov. On August 13, VTB announced the purchase of the bank from the Cyprus fund Bonum Capital, which was associated with Suleiman Kerimov. The state bank became interested in the asset at the request of the Central Bank and to strengthen its position in the Moscow Region, the transaction price was less than the bank's capital (industry experts voiced amounts of 9-15 billion rubles. (0.3-0.5 capital).

The parties plan to close the deal in September after receiving all the necessary regulatory approvals and corporate decisions of VTB Group^[2].

2017

Net operating income rose 8%

• The bank's net profit for 2017 year amounted to 3.3 billion rubles against 2.1 billion for 2016 year;
• The return on capital for 2017 reached the level of 13%;
• The ratio of costs to income for 2017 decreased to 51%;
• Assets grew over 12 months by 6% to 253 billion rubles;
• Customer funds increased from the beginning of the year by 3% to 207 billion rubles.

"Traditionally, the bank's strategy of long-term relations with customers allowed us to ensure a positive trend in interest and commission income and, combined with a low level of credit risk, achieve historically maximum results over the past 7 years," commented Mark Nakhmanovich, chairman of the board of Vozrozhdenie Bank. - Our priority task in the near future is to supplement the key value of the bank - relations with customers - with high-tech products and services in order to have the status of a universal Bank in the digital space, and not only "on earth."

The bank's operating profit before the deduction of reserves and income tax increased by 13% and amounted to 7.6 billion rubles in 2017 against 6.8 billion rubles in 2016, and net operating income grew by 8% and amounted to 16.7 billion rubles.

The bank's net interest income for the year amounted to 11.5 billion rubles, which is 17% higher than the figure of 9.8 billion rubles for 2016. This is due to the growth of the interest rate spread from 6.1% in the first quarter to 6.7% in the fourth quarter. In general, for 2017, the net interest spread amounted to 6.5%, adding 0.1 percentage points to 2016. Interest income remained at the level of 6.1-6.3 billion rubles for the quarter, reaching 24.8 billion rubles for 2017.

At the end of 2017, the net interest margin was 4.7% and 0.4 p.p. exceeded the figure for 2016, which was 4.3%.

The bank's net commission income increased by 9.8% compared to last year to 4.7 billion rubles. For 2017 year, commission revenues increased by 7.2% to 5.5 billion rubles, in turn, commission expenses decreased by 9.4%, amounting to 0.8 billion rubles. The most noticeable increase was provided by the bank's targeted commissions on settlement operations, which increased over the year from 1.7 to 2.2 billion rubles and commissions on operations with bank cards - an increase from 0.8 to 0.9 billion rubles.

Due to the increase in operational efficiency, the ratio of costs to income amounted to 51.4% at the end of the year, compared to 53.4% in 2016.

The bank's assets for the year increased by 6% and as of December 31, 2017 amounted to 253 billion rubles. The main source of growth was an increase in the portfolio of securities and funds in other banks. The share of liquid assets since the beginning of the year increased by 8 percentage points and amounted to 27%.

The bank's loan portfolio before the deduction of reserves for 2017 decreased by 7% to 177 billion rubles. In the structure of the loan portfolio at the end of the year, corporate loans occupied 63%, retail 37% (a year earlier, 66% and 34%, respectively).

In May 2017, Vozrozhdenie Bank held another placement of housing bonds with mortgage coverage of 4 billion rubles and completed the fifth securitization deal. During 2017, the mortgage portfolio grew by 7% to 48 billion rubles, which in general positively affected the dynamics of the retail lending portfolio, which reached the level of 65.5 billion rubles (+ 2.4% by 2016).

The share of non-performing loans (NPL 90 +) in the total loan portfolio has decreased by 1.9 percentage points since the beginning of the year and amounted to 5.9% (7.8% at the end of 2016). In general, the volume of loans overdue over 90 days amounted to 10.4 billion rubles against 14.8 billion in 2016 (a decrease of -30%).

Taking a conservative approach in creating reserves, the bank strengthened the coverage of NPL 90 + portfolio reserves, which amounted to 150%, an increase of 48 percentage points compared to the beginning of the year. The cost of risk in 2017 was 1.8%, reduced by 0.5 p.p. from the level of 2016 year. The increased credit quality of the portfolio allowed to reduce contributions to reserves by 15%. 3.5 billion rubles were allocated for these purposes.

At the end of 2016, the bank entered into a program to stimulate lending to small and medium-sized businesses under the 6.5% Program. In the framework of which the bank received financing from the Bank of Russia to provide preferential loans to SMEs in the amount of 2.7 billion rubles. Due to this, the total amount of funds of banks increased by 21% compared to the beginning of the year and amounted to 5.1 billion rubles.

The volume of raised funds of customers increased by 3% to 207 billion rubles, of which funds of individuals amounted to 162 billion rubles. The bank worked to replace more expensive funds of legal entities with funds of retail clients. The share of funds of individuals increased from 70% in 2016 to 79% at the reporting date.

Thanks to the capitalization of profit in the amount of 3.3 billion rubles, the bank's capital IFRS increased in 2017 by 14% to 27 billion rubles. Return on capital in 2017 reached a record figure over the past 7 years and amounted to 13.0% compared to 9.4% for 2016, with a return on assets of 1.4% (+ 42 bps last year).

Own funds calculated in accordance with the requirements of Basel III increased over the past year by 10% to 34 billion rubles as of December 31, 2017. Capital adequacy and basic capital adequacy ratios of the first tier increased to 17.1% and 13.3%, respectively, compared to 2016.

The values of H1.0 and H1.2, calculated according to the requirements of the Bank of Russia, increased compared to 2016 and amounted to 13.5% and 9.4%, respectively (taking into account the capital adequacy maintenance premium, the minimum values ​ ​ are set at 9.25% and 7.25%, respectively). As of the last reporting date, the bank also complied with all increased standards imposed by the Bank of Russia on the capital of Russian banks.

Central Bank requires PSB to sell Vozrozhdenie Bank

On December 15, 2017, the Central Bank announced the reorganization of Promsvyazbank through the Banking Sector Consolidation Fund and the introduction of an interim administration, which is why PSB should reduce its stake in Vozrozhdenie to 10% in 90 days. Later, the Central Bank ordered the Ananyev brothers to sell a controlling stake in 90 days (the deadline was later extended until June), Alfa Bank, VTB, Sovcombank and Uralsib were indicated among the applicants for the purchase of the bank in the media.

Based on the bank Revival can create  digital-bank

On October 26, 2017, voting was completed at absentee extraordinary general meetings of shareholders of Promsvyazbank and Vozrozhdenie Bank on the reorganization of banks. The meetings were declared invalid due to the lack of a quorum. This was reported in the press service of  Promsvyazbank.

The majority shareholders decided to postpone the issue of joining Vozrozhdenie Bank to Promsvyazbank and consider an alternative option for the development of banks - the creation of digital-bank on the basis of Vozrozhdenie Bank.

"The smaller scale of the Bank's IT platform" Vozrozhdenie "provides an opportunity for faster development, introduction of new information technologies of service and subsequent replication, including to PSB customers. Given the general trend towards digitisation in the banking sector, the speed of development and mobility in the search for new IT solutions become the basic conditions for success, "the bank's press service said

.

The basis for this  IT synergy has been created  - both banks have switched to a unified operational and technological platform.

As the study showed, the number of active (regularly perform operations) Internet bank users in PSB has grown by more than 70% year-on-year. At the same time:

• 17% - share of the portfolio of retail loans issued in digital channels;
• + 133% - annual growth of the portfolio issued in digital credit channels;
• + 129% - increase in deposits opened in digital channels;
• more than 50 billion rubles - the volume of deposits raised through digital channels in 2017

This dynamic sets the tone for increased attention on the part of shareholders on the development of mobile and Internet channels of interaction between banks and customers.

Since the reorganization decision was not made, Promsvyazbank and Vozrozhdenie banks will continue to operate on separate balance sheets and separate reporting. Both banks with reserves fulfill all the standards of the Central Bank and keep a high cushion of liquidity. The results of 9 months of 2017 show that both banks are profitable and stable.

At the same time, integration processes will continue. These are, first of all, projects related to digital channels: Internet banks, BBO systems, the development of ATM 2.0 self-service devices; renovation of the credit process system for all business areas; replacing the backbone system to guide financial markets.

2015

Promsvyazkapital of the Ananyev brothers received a controlling stake in the bank

On August 10, 2015, it became known that the holding company Promsvyazcapital B.V. Dmitry and Alexei Ananyev reached an agreement on the consolidation of the controlling stake of Vozrozhdenie Bank. This was announced in an official statement by Promsvyazkapital.

The purchase of control at Vozrozhdenie Bank will not interfere with negotiations on the possibility of unification with Absolut Bank, the statement said.

Promsvyazkapital had to collect control in parts. At first, their structures bought out the share of the funds controlled by BNP Paribas (5.5% of the shares), and also offered to buy out the share of JPMorgan Chase (owns 9.88% through JPM International Consumer Holdings) and Tamur Holdings (4.3%), controlled by Vladimir Kogan, reported the newspaper "Sheets Evgenia^[3]

Mikhail Prokhorov joined the board of directors of the bank

In May 2015, the owner of the Oneksim group, Mikhail Prokhorov, joined the board of directors of Vozrozhdenie Bank. At the annual general meeting of shareholders, 18,524,890 votes were cast for it. Tatyana Orlova, deputy chairman of the Renaissance board and heiress of the bank's founder Dmitry Orlova, asked him to join the bank's board of directors, a source close to the bank's management said. At the meeting of shareholders on June 1, 2015, Prokhorov was not.

In total, 18 people were among the candidates for the board of directors of Vozrozhdenie, 12 directors were invited to elect shareholders. Among the new members on the board (9 new directors in total) - Dmitry Titov (28,193,564 votes), CEO of Elektrozavod Leonid Makarevich (18,481,754), member of the board of directors of Alrosa Igor Lozhevsky (18 488 671), businessman Alexei Krapivin, who trusted the main stake of Vozrozhdenie, owned by Dmitry Orlov, while the heirs entered into their rights (18 504 850), boards Igor Antonov (18 091 218), adviser to the Russian Academy of Sciences Yuri Osipov (18,017,330), deputy chairman of the bank's board and heiress Tatyana Orlova (31,719,550), deputy chairman of the board Andrei Shalimov (18,358,201).

Of the previous members of the board of directors, the rector of the Financial University under the government, Mikhail Eskindarov (18 024 314), Otar Margania (26 850 923) and film director Nikita Mikhalkov (20 356 355) passed. Bank Vozrozhdenie earned 40 million rubles in the first quarter, 10 times less than last year

The board of directors did not include the deputy chairman of the board of Vozrozhdenie Lyudmila Goncharova, the former board of the bank Alexander Dolgopolov, the general director of Aton Andrei Zvezdochkin, the former FBME Bank consultant Oleg Lapushkin, the former head of Donau Bank Vladimir Malinin, the head of the bank's corporate operations department Sergey Malinin.

Earlier, the board of directors included 11 members: ex-management board Alexander Dolgopolov, deputy chairman of the board Lyudmila Goncharova, head of the bank's corporate operations support department Sergey Malinin, film director Nikita Mikhalkov, general director of Mozhaisk Nikolai Zatsepin, rector of the Financial University under the government Mikhail Eskindarov, president of the Chamber of Commerce and Industry of Moscow and Industry of PBank of the City Oleg Lapushkin, one of the leaders of the Moscow People's Bank, former board of Vneshtorgbank Yuri Poletaev.

There are 142 offices

Bank Vozrozhdenie is a bank for corporate and private clients. According to the Central Bank of the Russian Federation, it is one of the TOP-30 largest Russian banks (spring 2015). The branch network has 142 offices and 900 ATMs in 21 regions of Russia. The bank serves 1.7 million individuals and 63 thousand corporate clients, offering a wide range of services, which include accepting deposits, settlement operations, salary projects, lending to legal entities and individuals, including the provision of mortgage loans, and servicing bank cards.

2014

Assets growth by 8% up to 227 billion rubles

• The bank's assets as of December 31, 2014 amounted to 227.9 billion rubles, an increase of 8% over the year.
• The loan portfolio before the deduction of reserves reached 170.2 billion rubles, adding 1.2% over the year.
• Customer funds for the year increased by 7.8% to 174.2 billion rubles.
• Operating income in 2014 increased by 3.5% to 11.2 billion rubles.
• Net profit amounted to 1.2 billion rubles: 19.3% lower than a year earlier.
• Net interest margin was 4.6%: 13 bps higher than in 2013.

The bank's assets in 2014 grew by 8% to 227.9 billion rubles mainly due to liquid instruments. Cash and equivalents for the year added 21.5% (+ 6.3 billion rubles) to 35.6 billion rubles, and the portfolio of securities - 81.6% (+ 9.9 billion rubles) to 22.1 billion rubles. In conditions of uncertainty, the bank increased its liquidity reserve at the end of the year, as a result of which the share of liquid assets, including cash and securities, increased from 23.3% to 24.9% in the fourth quarter as of December 31, 2014. The ratio of loans before the deduction of reserves to deposits remained at the level of the last quarter and amounted to 97.7%, which is close to the target level for the bank of 100%.

The bank traditionally maintains a high share of liquid assets, which by the end of the reporting period was at the level of 25%. In the context of the difficult economic situation, the bank in the reporting period limited the growth of the loan portfolio, paying special attention to risk management and consistently tightening requirements for borrowers. Thus, the loan portfolio before the deduction of reserves from the beginning of the year decreased by 1.3% to 171.0 billion rubles.

The retail loan portfolio before the deduction of reserves during the reporting period increased by 10.7% and reached 37.4 billion rubles, and the portfolio, taking into account securitized loans, increased by 4.1% to 44.6 billion rubles over the same period. In March 2014, the bank successfully completed the third transaction on securitization of the mortgage loan portfolio, during which two tranches of mortgage bonds with a total volume of 3.45 billion rubles were placed. In total, the share of mortgage loans, taking into account the securitized part, increased by 2.7 percentage points over the year to 72.2% as of January 1, 2015.

The portfolio of loans to legal entities before the deduction of reserves from the beginning of the year decreased by 3.1% to 126.4 billion rubles at the end of the reporting period, while its dynamics during the year was multi-directional. According to the results of the fourth quarter, the portfolio grew, despite active repayments at the end of December, characteristic of this period, and at the beginning of 2015 the positive trend continued. More than half of the corporate loan portfolio consists of loans to small and medium-sized businesses, the most priority customer segment for the bank.

The bank did not actively participate in competition for expensive deposits of legal entities, as a result of which the volume of corporate attraction at the end of 2014 amounted to 50.1 billion rubles against 54.4 billion rubles at the beginning of the period. Funds of individuals increased in 2014 to 123.2 billion rubles, an increase of 17.8% over the period, which significantly exceeds the market average (8.4 percentage points above the sector, according to the Bank of Russia). At the same time, the growth of retail customers' funds in national currency amounted to 7.3%.

Since the beginning of the year, the bank's own funds have increased by 10.5% to 24.1 billion rubles, mainly due to earned profit.

Key IT Projects

Director of Information Technology of Vozrozhdenie Bank Alexei Ivanov in an interview with TAdviser in May 2015 spoke about the most significant IT projects implemented and started in his organization last year.

According to him, at the beginning of 2014, Vozrozhdenie Bank conducted a serious audit of the IT infrastructure, according to the results of which a plan for its modernization was formed. As part of its implementation, the bank's IT team implemented 4 strategic projects. So, in the engineering part, the guaranteed power supply network was globally modernized. The server virtualization project was also completed, as a result of which about 60-70% of the bank's server fleet is now virtualized.

This year, the most critical projects affecting the main processes of the bank were completed: the modernization of the network and accounting system platforms. Alexey Ivanov notes that the implementation of these projects involved a short-term suspension of the operation of systems and services at night, but in general did not bring significant interruptions in the bank's activities and the implementation of business projects.

"In addition, the bank's base budget did not undergo a significant increase, since the project assumed a decrease in the cost of using systems within the infrastructure itself: for example, standardization was carried out, replacing expensive equipment with new, more efficient ones, which provided significant energy savings," he says.

In terms of business applications, a number of significant projects were initiated in 2014, the main ones of which were: reaching a new technological level of remote service for individuals, as well as expanding functionality for customers in mobile and Internet banking, says the IT director of Vozrozhdenie Bank.

In addition, the bank introduced a unique collection management technology: monitoring and planning using cartography and monitoring vehicle traffic using GPRS and implemented the provision of an online collection order service with the ability to manage an order from a mobile phone, says Alexey Ivanov. Another new project is the use of barcodes in collection, which, he said, significantly optimized internal processes. In addition, the Customs Card technology will now be available for legal entities, which will allow them to pay customs payments remotely.

As part of the internal processes of the corporate business, the Factoring module was introduced in 2014. According to Ivanov, this is also a rather complex solution, which made it possible to optimize back-office functions. Significant results were achieved through the integration of the fraud analysis module for payments of legal entities, which radically reduced the likelihood of fraudulent transactions, he adds. In turn, in the retail business, the bank introduced campaign management based on the IBM Unica solution .

"This significantly expanded our capabilities, namely, allowed us to use a targeted approach to customers, provided the opportunity to work with customer segments, form special sales programs and automate communication channels," said Alexey Ivanov.

In terms of operational activities , electronic document management and an archive were introduced, as well as a module for centralized personnel accounting and payroll calculation was installed. Another innovation was the provision of a strategically important process of centralization of the bank's operational functions.

2013

The branch network has 143 offices and 870 ATMs in 21 regions of Russia. The bank serves 1.7 million individuals and 63 thousand corporate clients, offering a wide range of services, which include maintaining savings accounts, settlement operations, salary projects, lending to legal entities and individuals, including the provision of mortgage loans, and servicing bank cards.

2009

A profit of 1,217 million rubles was received and a high level of capital adequacy (19%) was maintained.

The loan portfolio before the deduction of reserves amounted to 94.6 billion rubles. Loans to corporate clients amounted to 85.1% of the total loan portfolio, while 50.8% of their total number were loans provided to small and medium-sized businesses.

Contributions to reserves for 2009 year amounted to 5.0% from the average loan portfolio or 4.8 billion rubles. The ratio of coverage of overdue debts with reserves is maintained at the level of more than 100%.

The bank's deposit portfolio grew by 25% to 113 billion rubles, with deposits of individuals growing by 32.3% to 68.6 billion rubles.

225 thousand new debit cards were issued, the total number of bank card holders (including credit cards) increased to 1, 35 million people. A new ATM deposit has been developed, which can be opened through any ATM of Vozrozhdenie Bank.

2008

The bank's assets grew by 27%. The bank retained its resource base, increasing the volume of raised funds of customers by 11%. Non-interest income of the bank increased by 35%, the number of transactions on customer accounts - by 30%. The number of clients increased to 55 thousand enterprises and 1.35 million individuals.

2007

The bank was awarded the prize of Itogi magazine as "The Best Domestic Bank." The Bank was awarded the National Business Banking Award 2007. A million-dollar credit card has been issued. The 20th issue of the Bank's shares was held, capital increased by 177 million. dollars USA

2006

Renaissance Bank is 15 years old! 138 sales offices and over 400 ATMs serve more than 900,000 customers...

2005

The bank entered the top three in the AHML program. The bank entered the top ten largest mortgage banks in Russia. The bank took first place in information transparency - Standart & Poor's

2004

The bank entered the deposit insurance system and entered the 10 largest banks for attracted deposits.

2003

The bank entered the top three among credit organizations in terms of the size of the branch network in the 200 largest companies in Russia. Carrying out 17 issues of bank shares, capital increased by US $33 million.

2002

The bank's ATM network has become the largest in the Moscow region. Issue of the 100,000th VISA card.

2001

The bank entered the 20 largest banks in terms of corporate loan portfolio.

2000

Holding of the 14th issue of the bank's shares, threefold increase in capital. Europay International has certified a processing center.

1999

Bank Vozrozhdenie is classified as a financial and stable credit institution. CIBC is a shareholder in Vozrozhdenie Bank.

1998

Creation of ATM infrastructure. Start of operation of the processing center.

1997

Start of ADR bank trading in international stock markets. Standart & Poor's rating. Start of cooperation with CIBC.

1996

The bank is classified as a "socially significant credit institution." Start of cooperation with the World Bank.

1995

Associate membership of VISA International. Obtaining the status of Authorized Bank of the Government of Russia.

1994

Implementation of S.W.I.F.T. Establishment of correspondent relations with Western banks.

1993

Further expansion of branch network. Creating collection service.

1992

Received currency license of the Bank of Russia, joining the Moscow Interbank Currency Exchange. The start of trading in bank shares on Russian exchanges.

1991

Creation of Renaissance Bank. Decision of the constituent conference. Registration of Vozrozhdenie Bank with 34 branches in Moscow and the Moscow Region by the Bank of Russia.

Notes