KIT Finance, JSC

History

2023: Head of Department Vadim Dorofeev convicted of market manipulation

In February 2023, the Moscow court issued a verdict in the criminal case of two brokers who were charged with market manipulation. Vadim Dorofeev, head of the KIT Finance brokerage operations department, and Farid Zakirov, an analyst at T-Capital, according to investigators, conducted illegal financial transactions several years ago, which led to losses for clients of Aquilon NPF for a total of 47.4 million rubles.

When sentencing, the court reclassified the charge brought against the brokers to a milder one and limited itself to the fact that he sentenced the defendants to a suspended sentence and a fine of 40 thousand rubles. each.

2015: Net asset value 2.3 billion rubles, 20 thousand client accounts

KIT Finance Broker, (legal name KIT Finance (LLC), has existed since 2000 and is one of the largest brokers in Russia, specializing in the provision of brokerage services for financial institutions, corporate and private investors in the stock market, bonds and fixed-term contracts. The national rating agency confirmed the rating of the maximum degree of reliability of the company at the level of "AAA."

KIT Finance (LLC) was part of the KIT Finance group, the final owner of the group was NPF Blagosostoyanie.

The KIT Finance the Broker possesses termless licenses of the professional participant of securities market of FFMS of Russia for implementation of broker activity No. 078-06525-100000 of 14.10.2003, activities for management of securities No. 178-13670-001000 of 26.04.2012, dealer activity No. 078-06539-010000 of 14.10.2003, depository activity No. 178-06467-000100 of 03.10.2003

Net asset value over RUB 2.3 bln. (according to IFRS on 31.12.2015), and the number of customer accounts is more than 20,000.

2014: Ninth among brokerages by number of clients

2010: Service Fee Service Connection

From the beginning to June 2010, more than 30 different service providers were connected to the KIT Internet system, including the State Unitary Enterprise of the All-Russian Central Executive Committee "Housing" of St. Petersburg, the fixed-line operator MGTS (Moscow), Internet providers Yota, AKADO, QWERTY, NetByNet, cellular operators Skylink-Moscow, Skylink-Kirov, satellite television Cosmos-TV and Megazhatelit and Caesorion operators Megarion

Among the most popular services, payment of which was possible through KIT Internet, cellular communication (MTS, Megafon, Beeline, Tele2, Utel, SkyLink, etc.), Internet access (Corbina Telecom, ROL, Stream, Comstar), commercial television (NTV +), replenishment of electronic wallets (Yandex.Money, WebMoney), utilities in the regions of presence of the Bank, repayment of loans (Alfa-Credit systems) Tinkoff.

At this time, the bank is part of a diversified financial group, the ultimate owners of which are the structures of Russian Railways and AK ALROSA (CJSC). Strategic business areas of the Group are investment banking services, retail financial services, brokerage services, asset management, insurance, pension services.

2008: Business collapse in crisis and transfer to the control of Russian Railways and Alrosa

One of the first victims of the 2008 crisis was Kit-Finance Bank, which by that time had bought up about 40% of Rostelecom's shares. The bank came under the control of state corporations Russian Railways and Alrosa, then its share in Rostelecom was sold to Vnesheconombank (VEB) and DIA. The purchase was carried out based on the value of one share of 230 rubles. VEB paid 17.1 billion rubles for a 10% stake in Rostelecom, DIA - 50.28 billion rubles for 30%.

1992: Founding of the Bank

KIT Finance Investment Bank OJSC is a commercial bank founded in 1992, specializing in comprehensive servicing of legal entities, business lending, project financing and individual servicing of individuals.