Finance Business Bank

The Finance Business Bank commercial Bank (Limited liability company) is created and works at the market of banking services since October 19, 1990. The bank acts on the basis of the licenses of the Central bank of the Russian Federation No. 520 of 9/14/2012 for banking operations with legal entities and physical persons in rubles and in foreign currency. The bank is a participant of deposit insurance system.

LLC CB Finance Business Bank is universal bank with long-term tradition. The bank provides a broad spectrum of banking products and services, both for individuals, and for business. The bank is provided in Krasnodar Krai, Oryol, Tyumen, Moscow and MO.

LLC CB Finance Business Bank it is located in Moscow (head office) and 3 Additional offices in the Moscow region.

History

2020: Accession to Moscow regional bank

On October 20, 2020 it became known of the activity termination "Finance Business of Bank" as a result of its accession to Moscow regional bank. Reported about it in the Central Bank of the Russian Federation.

According to UFNS Russia till To Moscow, in the Unified State Register of Legal Entities record of October 19, 2020 for No. 2207710861719 about the termination of Finance Business Bank Commercial bank is made (Limited liability company) of LLC CB Finance Business Bank (reg. No. 520, Moscow) (primary state registration number 1032335000675) in connection with reorganization in the form of accession to Public joint stock company the Moscow regional bank PJSC Moscow Regional Bank (reg. No. 1751, Moscow) (primary state registration number 1107711000022), says the regulator.

Moscow regional bank Finance absorbed "business bank"

Process of consolidation of banks was performed under control of the Bank of Russia. As a result of restructuring the Moscow regional bank became the legal successor of all obligations "Finance Business of Bank" before clients.

That Moscow regional bank there began the procedure of accession "Finance Business of Bank", it was announced in August, 2020. Then any details of the transaction did not reveal.^[1]

2014: Sanitation of bank

In 2014 Finance Business Bank and also Moscow regional bank and Investment Republican Bank LLC (Inresbank) were sent for sanitation "in connection with existence of threat to the interests of their creditors and investors". JSC SMP Bank became turnaround manager of all three banks. Afterwards Inresbank joined Moscow regional bank.

The plan of sanitation provides financing by the Central Bank of actions for financial improvement of credit institutions after acquisition by "SMP Bank "of their stocks. The DIA granted to SMP the loan in the amount of 96.8 billion rubles for ten years. Implementation of the plan and financing began after receiving full control by new owners (about 97% of stocks) over three banks and an output from the capital of former majority shareholders.

2013

Credit rating at the level A "The high level of solvency" is assigned to the LLC CB Finance Business Bank-participant of Bank Holding "FINKHOLKOM-GROUP".

The RAEX rating agency assigned credit rating to LLC CB Finance Business Bank at the level A "The high level of solvency", the forecast for rating "stable". The "stable" forecast means a high probability of preserving of rating at the current level in the medium term.

In the short term the bank with high probability will provide timely accomplishment of all financial liabilities, both current, and arising during its activity.

Higher than level A in the conventional scale of ratings for banks only levels of A+ and A ++ are possible.

Positive dynamics of rating is reached thanks to systematic steps of the management to strategy implementations of development of Bank until the end of 2015. According to Strategy, LLC CB Finance Business Bank by the end of 2013 will increase authorized the capital twice, up to 1 billion rubles. Among positive factors experts note significant growth in a product line for partners and clients and also expansion of geography of presence.

Gain of competitive positions of Bank is also promoted by opening of additional offices and operational cash desks. The ATM network and terminals by the end of 2015 will increase up to 1,000 units.

Notes