Quant Mobile Bank

History

2021

Joining the Asia-Pacific Bank

On November 22, 2021, it became known that the new owner of the Asia-Pacific Bank (ATB) - the Kazakhstani company Pioneer Capital Invest LLP - is joining another credit institution to it. We are talking about PJSC "Kvant Mobile bank" (specializing in car lending), which was previously called Plus Bank.

A source close to them told Kommersant about the merger of banks, and a representative of ATB confirmed the information. The latter added that the ATB brand will continue.

The new owner of the Asia-Pacific Bank joins it Plus Bank

Pioneer Capital Invest does not exclude other purchases of financial assets in Russia, a representative of the ATB shareholder said.

EY partner Gennady Shinina noted that the small-sized Kvant Mobile bank can join the ATB business as a segment in terms of car loans.

This direction should be developed in order to occupy its niche in the regions of ATB presence, "he said.

According to Shinin, car credit is a popular product that, with adequate risk management, can be profitable.

Often, banks are bought for the sake of missing competencies or customer base and assets, said Olga Ulyanova, senior credit specialist at Moody's. Hypothetically, she believes, banks could develop independently, but "there are a number of advantages that play in favor of unification." These are savings on costs, including due to the maintenance of one IT system, the choice of a strong brand of two and the formation of a single treasury, that is, raising funds in the general pool of liquidity, the expert explained the advantages.

According to RAS reporting, which the publication refers to, more than 80% of loans to the population in the structure of the Quant Mobile Bank portfolio are formed by car loans. According to Frank RG at the beginning of October, it takes 20th place in the portfolio of car loans (14.0 billion rubles). There are no car loans in the ATB product line.^[1]

Renaming to Quant Mobile Bank

In March 2021, Plus Bank was renamed Kvant Mobile Bank (Bank of Russia license No. 1189).

In addition, the bank has a new main shareholder - First Heartland Jysan Bank JSC.

Later, in January 2022, the media mentioned that the first president of Kazakhstan, Nursultan Nazarbayev, is the ultimate beneficiary of the bank.

2020: Attempted theft from safe deposit boxes

Ukrainians have come up with a way to clean the accounts of wealthy neighbors from Russia. In Kiev, fraudsters are recruited to devastate bank cells and are sent by groups to Russia. They receive the necessary equipment and money. One of these was taken by security forces with the support of special forces in October 2020. Ukrainian tourers Pavlo Kushpetyuk and Olexander Shapoval were detained. They tried to rob Plus Bank bank cells in Omsk for 10 million rubles.

Ukrainians rented bank cells scanned the mechanisms of locks. Then the received images were sent to Ukraine to make duplicate keys. The plan was ambitious - to open and empty all the cells in the Plus Bank vault.

Similar thefts were in Yekaterinburg, Bryansk, Kazan and Tyumen. Kushpetyuk and Shapoval received two years in prison.

2017

For 1.07.2017 the bank takes the 110 place in terms of assets, the 46 place among the largest banks in the lending market for individuals, the 7 place in terms of the volume of car loans issued. The bank provides a wide range of banking services for individuals, entrepreneurs and legal entities. Bank branches operate in Moscow, St. Petersburg, Omsk, Tyumen, Novosibirsk, Yekaterinburg.

"Plus Bank"

1990

PJSC Plus Bank has been operating in the Russian financial services market since 1990.