Russian Agricultural Bank: description, history, activity and feedback

Rosselkhozbank is one of the universal commercial banks of the Russian Federation. The purpose of its creation was originally the development of the credit and financial system of the agro-industry of the country. The reliability of the bank is indicated by the fact that all of its voting shares belong to the Federal Agency for State Property Management of the Russian Federation. Let us examine in detail the aspects of the history and activities of the Russian Agricultural Bank.

Brief information about "Rosselkhozbank"

"Rosselkhozbank" (the company name in international English - Joint Stock Company Russian Agricultural Bank, JSC Rosselkhozbank) was registered on April 24, 2000 under No. 3349. Address of the "Russian Agricultural Bank" (head office): Moscow, Gagarinsky Lane, house 3. The last change in the Charter was made on May 12, 2017.

On August 12, 2015 the bank received the latest versions of licenses necessary for its activities: general - for the implementation of all kinds of banking operations and a document for attracting deposits for citizens and placing precious metals. Like many other Russian lending institutions, Rosselkhozbank takes part in the deposit insurance program.

Tax information on the "Russian Agricultural Bank" - INN 7725114488, OGRN 1027700342890.

As of May 22, 2017, the authorized capital of the bank amounted to 339,848,000,000.00 rubles. The Bank has:

• 73 branches across the Russian Federation - in the Krasnodar, Altai, Transbaikal, Kamchatka, Stavropol Krai, the Republic of Dagestan, Mari El, Karelia, Adygea, Komi, Chechnya, Yakutia, Bashkortostan, and Orenburg, Samara, Novosibirsk, Belgorod, Leningrad, Kurgan, Volgograd , Moscow, Sakhalin, Saratov, Kaliningrad, Sverdlovsk, Chelyabinsk, Ryazan, Kemerovo and other areas.
• 6 representative offices abroad - in Armenia (Yerevan), China (Beijing), Azerbaijan (Baku), Kazakhstan (Almaty), Belarus (Minsk), Tajikistan (Dushanbe).
• 194 operational offices.
• 1032 additional offices.

The average number of employees of the bank for 2016 is 30.8 thousand people.

Activity of the bank

"Rosselkhozbank" by right is one of the most reliable and large in the Russian Federation - in 2016 he entered the thirty of the largest banking organizations of the state. His loan portfolio at the beginning of 2017 was estimated at 1.7 trillion rubles.

It is the "Russian Agricultural Bank" that is an agent of the Government for the implementation of targeted federal programs in the agrarian sector. The correspondent network of this credit organization has more than a hundred foreign partner banks, which makes it possible to consider it broad and well-formed. This allows "Rosselkhozbank" to offer its clients, among other things, international settlement services, as well as related lending and various interbank procedures and operations.

Ratings of the bank

The open joint-stock company "Russian Agricultural Bank" has the following positions on the ratings:

• The long-term credit rating of BB + from the international rating agency Fitch and Ba2 from Moody's.
• The highest on reliability group rated "100 banks", compiled by the popular magazine Forbes.
• The position at the level of AA (RU) from the Russian rating agency ACRA.
• Positions in the financial rating: for net assets - 5 place in the Russian Federation (2,755,031,289 thousand rubles), on net profit - 51 in the country (648,433 thousand rubles). The figures are as of May 1, 2017.
• According to the national rating "Banki.ru" - 43 place (the highest league of the site).

Proposals of Rosselkhozbank

Joint Stock Company "Russian Agricultural Bank" today offers its customers the following services:

• 15 accumulative deposits, among which there are proposals with monthly capitalization, with monthly interest, and interest payments at the end of the term: Pension, Amur Tiger, Accumulative, Golden Premium, Managed, Classical "," Save up on a dream ", etc.
• 3 Mortgage credit programs: military, target, housing credit.
• 11 programs of consumer loans: "Refinancing", "Pension", "Consumer", "Gardener", "For state employees and reliable clients", "On the development of smallholdings", "Engineering Communications", etc.
• The credit program for business "6,5".
• Car loans for a new and supported car.
• 18 types of debit cards: Pension, Personal, Amur Tiger, Capital, Virtual, Travel, etc.
• 11 types of credit cards: "Rosselkhozbank-Rosneft", "Master card", "Credit", "Amur tiger", "Putevaya", etc.

"Russian Agricultural Bank" is the issuer of the following types of plastic cards:

• Visa.
• Master Card.
• Union Pay.
• "Peace".
• Local card of Rosselkhozbank.

The management of Rosselkhozbank

As already mentioned, 100% of the shares of this bank belongs to the state, and more specifically - to the Federal Property Agency. The supreme governing body of the bank is the Meeting of Shareholders. The latter elected the Supervisory Board of OJSC "Russian Agricultural Bank". This authority monitors the activities of the Board and its Chairman - the executive bodies of the institution, which not only manage the activities of the organization, but also must solve all the tasks put forward for them by the shareholders of the bank.

To date, the position of Chairman of the Board is Dmitry N. Patrushev, and the Chairman of the Supervisory Board is Alexander Tkachev, the Russian Minister of Agriculture.

Bank premiums

Joint Stock Company "Russian Agricultural Bank" was awarded the following awards:

• 2010 - the organization became a laureate of the "Banking" prize.
• 2013 is the winner among world banks in terms of traffic growth (among SWIFT participants - the international interbank payment system).
• 2013 - the "Socially Responsible Banking Organization", "For Contribution to the Development of the Real Sector in the Sphere of Economics".
• 2014 - the seventh place among all Russian banks in the ranking of the world's largest banking brands, compiled by The Banker.
• 2014 - diploma "For contribution to the development of small and medium business", awarded by the Association of Banks of Russia.

The history of Rosselkhozbank

The history of the bank began on March 15, 2000 - it was created by the decree of V.V. Putin to serve the agro-industrial infrastructure of our country. On April 24 of the same year, the organization was registered by the Central Bank of the Russian Federation.

In 2008-2011, Because of bankruptcy or debts, a lot of enterprises moved to the bank: sugar factories of Euroservice, Buryatmyasprom, Zernostandart-Kostroma, Agrocomplex Rassvet, Agroholding Group Alikor (in 2012, its owner managed to restore Control over all its assets), 75 + 1% stake in the SV-Povolzhskoye pig-breeding complex, and a part of the grain storage company Nastusha. All assets were transferred by the bank to the Agrotorg Trading House LLC.

In the summer of 2014, "Rosselkhozbank" came under US sanctions. In fact, this meant that access to the international capital markets was ordered. In September 2015, the bank was also unlucky to get into the Ukrainian sanctions list - according to it, the fraternal state withdrew all obligations to the credit organization.

Participation and sponsorship

"Russian Agricultural Bank" is a direct participant of the following organizations:

• ARB (Association of Russian Banks);
• Rosagropromsoyuz;
• A non-profit Association of Regional Russian Banks;
• Rosagropromobedineniya employers;
• Non-profit International Confederation of Agricultural Credit;
• Non-commercial partner organization of the RKDS (Russian-Chinese Business Council);
• CERBA (Canadian Business Association in Eurasia and Russia);
• Non-profit association USRBC (American-Russian Business Council).

Rosselkhozbank is also a sponsor and general partner of the following events:

• Agropromvystavki "Golden Autumn".
• Petersburg International Economic Forum.
• Sochi international investment forum.
• Congress of the ARB.
• All-Russian agro-industrial exhibition "Agroruss-Regions".
• Central Russian economic forum, held in the Kursk region, etc.

Customer Testimonials

We present in the summary table positive and negative feedback from clients about the work of Rosselkhozbank.

JSC "Russian Agricultural Bank", having passed through the bar of sanctions, has not lost its positions among Russian and world credit organizations. Although some of the clients clearly see the negative side in its work, for the majority it remains one of the most reliable banks in the country.