Blank JSCB (formerly Vesta Investment Bank, VestaBank)

History

2023

TAdviser interview with CTO Kirill Bantukov

Bank Blank (part of the ICD group), focused on the middle and, is small business one of the young players in the financial service market. It was originally created as - fintechstartup a mobile bank without physical branches, launched in the "cloud," so at the very start it applied the most ready-made world solutions in order to launch faster with minimal costs. TAdviser CTO of Blank Bank spoke about how the company coped with the departure of foreign vendors and about approaches to building infrastructure in an interview in October 2023. Kirill Bantukov Read more here.

Departure of the founding team

In early June 2023, it became known about the departure of the four founders of the bank from Blank. Alexey Vasiliev, Anton Zakharov, Dmitry Salatov and Robert Sabiryanov left the project.

It's time to move on and implement new ideas. We are confident that a closer partnership between Blank and the Moscow Credit Bank (MKB) will provide a profitable service for entrepreneurs, "said Dmitry Salatov, co-founder of Blank.

Bank "Blank" left the team of founders

It is noted that the rest of the bank's team, including key managers, will continue to work in the project. Blank remains an independent legal entity with a separate banking license.

After the founders left, the bank was headed by Sergei Putyatinsky, who also holds the position of Deputy Chairman of the Board of the ICD.

The founders of the project fulfilled their main task - they created a bank for entrepreneurs with a unique product and high-quality service, which is based on human communication. A strong team has been assembled in Blank, which allows us, in accordance with the planned plans, to move on to the next stage of development, "said Sergei Putyatinsky.

Blank did not specify how the shares in the authorized capital of the bank will change after the founders leave.

In May 2023, the Expert RA rating agency downgraded Blank Bank's rating to ruBB + and established a "developing" forecast. Earlier, the bank had a rating at the level of "ruBBB-" with a "stable" forecast. As explained in the agency, the bank's rating is due to a vulnerable capital position combined with unprofitable activities, high asset quality, an adequate liquid position, as well as a conservative assessment of market positions and corporate governance.^[1]

2021

Application for name change to "Blank"

On July 5, 2021, Vesta Bank announced that it had officially changed its name to Blank. The name change is part of the bank's development strategy, which will become a platform for creating a technological product for small businesses.

Bank for Business' Blank 'was launched in April 2021 under the license of Bank' Vesta '. For July 2021, the active stage of development of the Blank for Business product is underway: other services and services will be presented in the near future.

The name change is an important stage in the reorganization of the bank. This change is part of a strategy aimed at developing the competencies of the ICD holding in the SME segment - comments Dmitry Salatov, Marketing and PR Director 'Blanca'.

Bank Launch for Business

On April 12, 2021, it became known about the launch of the bank for the Blank business. It was founded by former top managers of Modulbank: financial director Alexei Vasiliev, sales and development director of the regional network Anton Zakharov, marketing director Dmitry Salatov, operating director Nur Ibragimov and technical director Robert Sabiryanov.

The developers consider the main feature of their service to be the refusal to link to a bank account and the transition to financial flows. Inside the application, an entrepreneur can configure a rule that will distribute incoming money according to any logic. For example, flows can automatically save a fixed amount for office rent every month, week or day, take a percentage of incoming revenue for taxes or a new car.

Former top managers of "Modulbank" launched a bank for business "Blank"

In the future, it is planned to extend the principle of flows to other banking products: the flow of proceeds from acquiring, the replenished credit flow from the bank, the currency flow in which entrepreneurs will be able to customize the rules for converting currencies depending on their rates, etc.

"Form" offers a basic free tariff, which can then be set up for yourself - add the required number of payments, choose the amount of cash withdrawal or withdrawal to the account of an individual. The developers claim that the developed scoring algorithms will not falsely restrict access to the account. If restrictions are introduced, entrepreneurs will be able to send documents to the messenger or call with video support.

In a free tariff, users can transfer up to 700 thousand rubles to individuals without a commission, pay 20 payment orders and withdraw up to 50 thousand rubles from an ATM without a commission. As explained in the project, the final cost of the options has not yet been formed, in the future it will be possible to buy additional services.^[2]

2020: ICD buys 100% of Vesta Bank

On May 18, 2020, it became known that the Moscow Credit Bank (MKB) entered into transactions to buy a 100% stake in Vesta Bank and Rusnarbank, which are part of the Region group of companies. The deal takes place within the framework of the strategic partnership of the Rossium concern Roman Avdeev and the Region Sergei Sudarikov.

With the help of Vesta Bank, MKB plans to improve the efficiency of work with small and medium-sized businesses in which this bank specializes.

Bank VESTA is a universal high-tech bank specializing in servicing small businesses and individual entrepreneurs.

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