Serebrenik — is the name of the first Russian silver coin minted in Kiev for X-XI centuries at princes Vladimir Svyatoslavich, Svyatopolk Yaropolchich.
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History
The Bank was founded in 1994 by a group of Russian and foreign companies and was aimed at creating reliable financial institution oriented to offer a wide range of modern banking services when executing its activities.
For the last 15 years of professional activity the development strategy of the Bank has been formed and now is focused on working with corporative clients, directors and business owners as well as particular methods of cooperation with different clients with the main emphasis first, being made on creation of confidence and partnership environment.
The bank is involved in a selected range of activities, besides its standard banking services (crediting of legal and private persons, settlement and cash services, transactions in currency and equity market) and includes a variety of unique products and developments which are based on client preferences and tasks set by the clients:
• services of a personal attorney;
• programme for active management of payments;
• A treasury programme for its clients with the purpose of settlement and investment of financial subsystem of corporations;
• preparation and arrangement of contract papers and clients bond loans;
• financial and tax consultation
While taking into consideration individual working system of its corporate clients, owners and top executives of client organizations, the bank staff creates efficient financial projects which are targeted at development of enterprises, re-equipment of production and improvement of complex mechanism of the main business process. The bank relies upon its own experience and the experience of its partners which include the largest Russian and international underwriting, auditing, consulting and leasing companies, the Bank offers competent, professional assistance to its corporate client. The banks client base consists of a large and medium industrial holdings and coal enterprises, metallurgy, chemical, transport and construction industries as well as telecommunication companies, trade and entertainment enterprises.
Concurrently, the Bank is not limited to framework of industries and successfully cooperates with the clients from other economy sectors and tends to diversify its client base.
At present, the Bank pays special attention to improvement of working procedure in the sphere of Private Banking that is the key developing approaches of the client policy.
The Bank offers to VIP-clients – private persons the first-class banking service, the basic principles thereof are complexity, strict confidentiality and maximum consideration of the clients' wishes.
When seeking to satisfy demands of VIP-clients to the maximum extent, the Bank introduces exclusive services actively. Personal manager develops individual schemes of VIP-client servicing, consults regarding banking and legal issues as well as income and property taxation questions. New programs of financial servicing for VIP-clients have been developed in the Bank that allow optimal placing the free cash into high-yielding instruments.
Each year the Bank reaffirms its status as a developed commercial bank by demonstrating and highlighting its dynamic growth in the financial performance measures.
In order to cover requirements of clients and partners efficiently the Bank maintains and actively develops business relations with the banks of Moscow and regions of Russia, USA, Austria, Germany, Switzerland, Ukraine and Kazakhstan. Correspondent network currently numbers about 50 Russian and international banks in 5 countries all over the world.
The Bank is an active participant of inter-bank market and included in the main professional banking unions and special systems.
Client always has the opportunity to communicate and solve problems jointly with the directors and lead managers of the Bank. We could combine the banking service of private persons and large holdings with the best traditions of Private Banking in strategic and tactic terms.
Main events
2008
The Department for Small and Medium Business Crediting was opened in the Bank with the purpose to develop and diversify business.
2007
The Bank was reorganized from the Limited Liability Company into Closed Joint-Stock Company, and on February 21, the record of the Commercial Bank RIB CJSC was entered into the Uniform State Register of Legal Entities and it is licensed under # 3123 to conduct banking transactions with funds in rubles and foreign currency of legal entities and natural persons (in connection to reorganization).
Bonds of the Bank are listed in the leading Russian trading floor –Moscow Stock Exchange, Moscow Interbank Currency Exchange and is in the Stock Exchange top list of trading securities “À” of the first level.
Most clients of the Bank have started using internet trading system QUIK. New and updated version of Remote Banking Service System BS-Client v.3 which was introduced and now successfully operates enabling provision of a wide range of banking services outside the banks premises.
2 general funds of banking management were registered: RIB – Conservative Investments and RIB - Investments into Future.
In 2007, the Bank became the affiliated member of the payment system MasterCard Worldwide.
2006
Authorized bank capital totals 1 billion 200 million rubles. The Bank started cooperating with OJSC National Credit Reference Bureau. The Bank obtained a license of stock intermediary conducting commodity future and option transactions in exchange trade # 887 and as substitution it obtained the licenses of the Federal Service for Financial Markets of professional participant of the securities market to transact brokerage, depositary, dealer business and administration of securities.
In April, the first bonded loan of the Bank will be issued and placed in the amount of 1 billion rubles.
The Bank started cooperating with International Auditor regarding international financial reporting standards – International Auditing Company CJSC Deloitte and Touche CIS.
In November, International Agency Moody`s Investors Service assigned the Bank B3 and NP rating as per long-term and short-term deposits in foreign and national currency as well as rated E+ regarding financial stability. Forecast regarding all ratings on international scale is considered to be “stable”. Concurrently, Moody's Interfax Rating Agency assigned the Bank Baa2.ru rating on long-term crediting on a national scale.
The Bank acquired a new a new modern building in Ul. Prechistenka, building 36, block 1. and consequently moved into it while the office in Kutuzovskiy prospekt continues to operate as an additional office of the Bank.
2005
Authorized capital of the Bank totals 590 million rubles. The Bank has shown rapid dynamic development which was evidently covered in the rating by Expert magazine where it was ranked 4th among banks – leaders in growth dynamics of equity capital and 8th on growth dynamics of assets for the first half year of 2005. Financial condition of the Bank is characterized by high figures of capital adequacy ratio accepted in the international practice as one of the basic reliability factors of credit institutions. As of November 01, 2005, this factor totals 13.8 % (at the rate of more than 8 % recommended by Basle Agreement).
In September 2005, the Bank became a member of National Securities Market Association.
In November, prospectus of own corporate bonds was registered publicly by the Central Bank of the Russian Federation.
2004
The Bank celebrates 10-anniversary as of establishment.
The Bank became a member of SWIFT system and is included into the register of participating banks regarding deposit obligatory insurance scheme # 356. The Bank develops new credit products considered particulars of production, construction and trade activity of enterprise, introduces trust capital management service, creates system of products sales such as insurance, consulting, leasing and audit.
The Bank proceeds to develop brokerage operations in the securities market and at year-end it became a member of stock exchange of Moscow Interbank Currency Exchange.
At the turn of the year, the Investment Department is opened in the Bank in order to develop investment activity.
2003
The Bank obtained the licenses of Federal Service for Financial Markets as the professional participant of the securities market to transact brokerage, depositary, dealer business and administration of securities.
According to Expert magazine (# 46 dated December 08, 2003) the Bank is included into 200 largest banks of Russia regarding assets aggregate and as of October 01, 2003 it ranks 120. Evidence of efficiency of the Bank when cooperating with corporate clients is considered to be 18 ranking for the Bank regarding value of outside deposits of corporate clients (Profil dated May 26, 2003).
2002
According to Expert magazine (# 34 dated September 16, 2002) the Bank is included into 200 largest banks of Russia regarding assets aggregate and ranks 170.
2001
Authorized capital of the Bank totals 300 million rubles. The Bank became a member of international payment system VISA International.
2000
Authorized capital of the Bank totals 132 million rubles. According to Expert magazine (# 46 dated December 04, 2000) the Bank is included into 30 largest Russian banks – leaders regarding assets dynamics in 2000 and ranks 10th regarding rate of growth. International dealing network Reuters Dealing is installed in the Bank.
1999
Form of incorporation of the Bank is adjusted for Federal Law On Limited Liability Companies # 14-FL dated February 08, 1998 by resolution of the general meeting of shareholders and determined as Limited Liability Company. Authorized capital of the Bank totals 30 million rubles. On May 31, the Bank received the license to conduct banking transactions with funds in rubles and foreign currency of legal entities and natural persons issued as substitution in connection the constitutive documents of the Bank were brought into accordance with applicable legislation (it became inoperative on February 21, 2007 in connection with reorganization).
The Bank became a member of National Currency Association.
1998
In November 1998, the Bank became a member of the Currency Market Section of Moscow Interbank Currency Exchange and participates in electronic lot trading SELT.
1996
On November 19, the Bank received the license to conduct banking transactions with the funds of legal entities and natural persons in foreign currency. For the period since June 1996, foreign correspondent network of the Bank has been formed and direct correspondent relations were established with the leading world financial institutions of Europe and USA.
1995
The Bank became a member of Russian Bank Association and Moscow Bank Union.
1994
The Bank is established by resolution of promoters in form of the Limited Liability Company with authorized capital of 5 million rubles (equivalent of 1 million US dollars). The Bank is registered by the Central Bank of the Russian Federation # 3123 and entered into the Municipal Register of Companies of Moscow city (Certificate of Moscow Chamber of Registration # 034.599).
