Sinara Bank (formerly SKB Bank)

Sinara Investment Bank is a registered trademark under which PJSC SKB-bank"" provides investment services. PJSC SKB-Bank is one of the largest regional Russian banks, among the first to develop and implement services and solutions innovative for the financial market.

It is part of the Sinara Group financial and industrial holding and is the center of a banking group, which includes Kaluga Gazenergobank, information technology company SKB-Lab, microcredit company SKB-finance. Within the framework of PJSC SKB-Bank, DeloBank is also developing - a bank for entrepreneurs, providing completely remote financial management.

Performance indicators

2023: Profit growth by a third to 3.08 billion rubles

At the end of 2023, Sinara Bank received a net profit of 3.08 billion rubles. This is about a third (32.9%) more than the result for the previous year, as stated in the financial report published at the end of May 2024.

It is noted that net interest income before deducting reserves in 2023 jumped 283 times - to 6.4 billion rubles, and after creating reserves it amounted to 5.22 billion rubles. The bank's commission income is estimated at 4.45 billion rubles against 2.53 billion rubles in 2022. Thus, an increase of about 1.8 times was recorded for this indicator. At the same time, commission expenses increased on an annualized basis from 1.04 billion rubles to 1.32 billion rubles (plus 26.5%).

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Freepik

The bank's expenses on reserves for expected credit losses on financial assets in 2023 decreased by 2.8 times, amounting to 1.18 billion rubles. Administrative and other operating expenses in 2023 were recorded at 15.76 billion rubles against 14.36 billion rubles a year earlier.

As of December 31, 2023, the bank's assets are equal to 251.28 billion rubles, which is 17.9% more on an annualized basis. Loans and advances to customers (after deduction of reserves) in 2023 decreased by 5.1% - to 50.72 billion rubles. At the same time, customer funds increased by 26.4%, reaching 158.15 billion rubles. Equity by the end of 2023 was recorded at 16.03 billion rubles, which is 27.8% more compared to the end of 2022.

The financial report also says that as of December 31, 2023, the group had securities pledged under repo agreements submitted in the amount of 13.67 billion rubles (6.96 billion rubles in 2022), for which there were obligations to redeem at a predetermined fixed price.^[1]

History

2024

TAdviser interview with Innovation Director Vitaly Kopysov

In April, fintech services developer Sinara Lab (Sinara Banking Group) and Russian IT company SimbirSoft announced a partnership to implement the Digital software product in - and ruble Internetbanks mobile banks. digital ruble to banks Sinara Lab CEO Andrei Savinykh and Sinara Bank Innovation Director talk about implementation processes and how to prepare for them. Vitaly Kopysov Read more here. [1]

Purchase of 3.8% of shares in the authorized capital of PJSC Softline

Softline, a provider of solutions and services in the field of digital transformation and information security, on April 8, 2024 announced to TAdviser the completion of the transaction to transfer 3.8% of its ordinary shares owned by a subsidiary of the group - Softline Projects LLC, ECM & Private Equity, to the Sinara Bank division. Earlier, the group announced an agreement in principle on this deal. Read more here.

Purchase of 3.6% of shares in the authorized capital of PJSC Softline

Softline, a provider of solutions and services in the field of digital transformation and information security, developing a comprehensive portfolio of its own products and services, on February 9, 2024 informed TAdviser about changes in the structure of equity capital.

In particular, the company spoke about the completion of the transaction to transfer 3.6% of the shares in the authorized capital of PJSC Softline, owned by the main shareholder of the company - Atalaya LLC, Private Equity, to the Sinara Bank division. Read more here.

2022: Name change to Bank of Sinara

On February 28, 2022, SKB-Bank announced a name change. The Central Bank of the Russian Federation agreed on a new version of the charter of the credit institution, according to which it received the name of the public joint-stock company Bank Sinara (PJSC Bank Sinara). The corresponding entry is made in the Unified State Register of Legal Entities.

As specified in the press service of Sinara Bank, changing the name will not entail additional inconvenience for customers, all products and contracts will continue to operate on the same terms.

SKB-Bank changed its name

SKB-Bank and Sinara Bank are one legal entity, only a name change will occur, the financial organization emphasized.

Remote services of the bank, including the SKB-online application or the Internet bank, continue to function in the same mode, all settings, phone numbers, cards, payment templates, etc., are saved. The details of cards and accounts do not change.

It is also noted that Delobank and Gazenergobank, part of the banking group, will continue to work under their brands and no additional actions from customers and partners will also be required.

According to the bank's management, the change of name with the mention of the shareholder will reflect "the inextricable connection of the financial division with the rest of the group's activities."

The need for deeper integration of SKB-Bank with Sinara was reported in November 2021. Then Denis Repnikov, who headed the bank since 2014, moved to the post of vice president of the group. He began to oversee the entire financial business of the holding. Instead, the ex-head of the Kaluga Gazenergobank was appointed chairman of the board (it will unite on the same balance sheet with SKB-Bank by 2027) Denis Oshaev, whose tasks, in particular, include the integration of the investment banking business.^[2]

2020

Bank cashier sentenced to 7 years in prison for theft of 22 million rubles

In November 2020, the court sentenced the ex-employee of SKB-Bank Irina Barysheva, who stole 22 million rubles. She stole money from the cash register for six years - from February 2011 to December 2017, and at the same time moved up the career ladder - she grew from the position of cashier to the head of the cash register of the cash operations sector.

To hide the theft, she fictitiously drove money between the bank's offices and kept a fictitious client register of foreign exchange transactions, artificially reduced the balance of money in the vault. I had to acquire props - the woman bought a dummy collection bag and used bills of a bank of jokes. Barysheva was sentenced to seven years in prison in a colony.

Hurricane demolishes bank office roof

In May 2020, the roof was blown off at the office of SKB Bank. After her fall, a 57-year-old local resident died. A hurricane is raging in the Urals.

2011

SKB-Bank is one of the largest regional banks in Russia. Every minute in its divisions, an average of two transfers are issued and a new consumer loan is issued. The number of depositors of SKB-Bank exceeds 500,000 people. According to the announced plans, in 2011 alone, SKB-Bank plans to open 50 regional offices throughout Russia.

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