• Source: Credit Bank of Moscow

Credit Bank of Moscow (Russian: Московский кредитный банк) is a Russian bank founded in 1992 and operating in Moscow and Moscow Oblast.
In 2008-2015, the Moscow Credit Bank raised from 66 to 12 place by assets in Russian bank rating. Its funds increased 20 times and achieved 115 billion rubles. In 2016, it got into the top-10 in terms of leading Russian banks.
As of September 2017 Credit Bank of Moscow is ranked 9th among Russian banks by assets. Now the Moscow Credit Bank is the biggest private regional bank in Russia. It's in the top of banks of major systemic importance.




Ownership


Credit Bank of Moscow is owned by Roman Avdeev, the head of Ingrad real estate development company and Rossium concern. Before 2012, Avdeev was the only beneficiary of the Moscow Credit Bank. He bought the bank in 1994. Now he controls 55,73% of stocks.
Avdeev was the head of the international finance attraction department and a president of the Moscow Credit Bank. At the end of 2008, Avdeev stepped down, but remained a member of the Supervisory Council. In 2012, former Colorado governor Bill Owens joined the board and became its chair in 2013.




History


At the end of 2020, CBM acted as an organizer of a €5.775 billion loan for Trafigura Group in its deal to acquire a 10% stake in Rosneft's Vostok Oil arctic project.
In March 2021, CBM bought the industrial commercial bank "Koltso Urala" (Ring of the Urals), which was controlled by the Ural Mining and Metallurgical Company. The deal is valued at 5.7 billion rubles (about $770 million). The Bank will continue to serve the activities of the UMMC.
In the Forbes World Best Banks list, published in April 2021, Moscow Credit Bank ranks second among Russian banks.
In July 2021, S&P upgraded MKB's credit rating from BB− to BB with a stable outlook. “CBM has demonstrated the stability of its business in an unstable market situation, as evidenced by its indicators of loan losses and indicators of asset quality,” the agency said in a statement.
In 2021, the bank made a profit of 29 billion rubles, in 2022 - 8.7 billion rubles. No dividends have been paid to shareholders since 2019.
In 2023 several anonymous sources reported that the bank decided to change its strategy and refocus from the retail market to the corporate one. The strategy is expected to be presented in autumn 2023. The Credit bank of Moscow denied this information. According to the official statement of the bank’s press office, it will continue to develop both retail and corporate investment areas.




Sanctions


On February 24, 2022, US President Joe Biden announced sanctions on Russian banks, including the Credit Bank of Moscow, in response to the 2022 Russian invasion of Ukraine. In June 2022 the bank was removed from the SWIFT payment system and in December 2022 the EU also sanctioned the Credit Bank of Moscow in relation to the invasion.




References






External links


Official website

Kata Kunci Pencarian:

• Daftar bank di Singapura
• Deutsche Bank
• Ekonomi Rusia
• Gagal bayar utang Rusia 2022
• Istanbul
• Unjuk rasa Kazakhstan 2022
• Bursa Efek Italia
• The Good Girl Gone Bad Tour
• AM Tour
• Chinese Democracy Tour
• Credit Bank of Moscow
• T-Bank
• List of banks (alphabetical)
• UniCredit Bank Russia
• List of banks in Europe
• Home Credit & Finance Bank
• Banking in Russia
• Moscow Power Engineering Institute
• Mikhail Shchadov
• Roman Avdeev