Absolut Bank is a universal bank incorporated in 1993. Its shareholders are KBC Group (a Brussels-based international financial group) holding 99 percent of shares and the IFC (International Finance Corporation) holding 1 percent of shares. Absolut Bank's financial stability is confirmed by ratings of the world's leading credit rating agencies – Fitch Ratings and Moody’s. Currently, the Bank has Moody’s long-term deposits rating of Ba3 and national long-term rating of Aa3.ru. Fitch assigned BB+ long-term issuer default rating and AA(rus) national long-term rating to Absolut Bank.
Absolut Bank takes part in the Russian State Deposit Insurance System, thus, meeting the relevant requirements for financial stability. Absolut Bank's results, stability and sustainability are highly appreciated by the leading periodicals. Absolut Bank is rated among highly reliable banks, according to Forbes research. 9M 2011 results raised Absolut Bank to hit the TOP 10 profit-making credit organizations (Profile Magazine, NOV'11).
Absolut Bank ranks first in the bank bundle rating (RBC Rating, DEC'11) and is in the ÒÎÐ 3 of the Customer Experience Index (PwC & Senteo, JAN'11).
Support from KBC Group, strategic relationship with such international financial organizations as EBRD, IFC, etc. enable Absolut Bank to develop lending while high interest margin (4.77%) and return on equity are maintained. The Bank's history as a bond issuer in the global and local debt markets is positive. The Bank's assets and liabilities are balanced by maturities, rates and currencies.
Absolut Bank successfully operates in 14 Russian regions, where its branches are located. Bank's branches are sited in Moscow and the Moscow Region, Saint Petersburg, Chelyabinsk, Perm, Tyumen, Ufa, Yekaterinburg, Samara, Kazan, Nizhny Novgorod, Rostov-on-Don, Krasnodar, Novosibirsk, Omsk. There are 57 network outlets in total.
The Bank's priority business areas are retail, corporate and SME banking. The Bank serves over 33 thousand companies in various industries, including food and cosmetic industries, metallurgy, mechanical engineering, consumer and oil industries, etc.
The Bank offers a full range of financial services to legal entities, including credit products covering all entrepreneurial needs, as well as cash and settlement services, additional investment opportunities and many other things.
The key focus in the retail banking is on the establishment of long-term relationship with customers to provide them with lifelong high-quality financial services satisfying all their needs. The Bank offers mortgage and car loans, cash and settlement services, cash deposits and investments in bank-managed mutual funds, plastic card services, commemorative and investment coins.
Absolut Bank develops private banking offering premium services to special customers in VIP zones of its outlets. Apart from the standard products, the Bank offers individual financial services, including FX at individual rates, non-standard purchase options for precious metals/coins, investments in bank-managed mutual funds.
As of 01.01.2012
Net assets RUB 119 bn (No 38 in Russia, RBC rating)
Net profit RUB 7 bn (No 12 in Russia)
Loan portfolio RUB 63 bn (No 38 place, RBC rating)
Equity RUB 1.7 bn |
