Saturday, July 21, 2018

Bank of Moscow's Yekaterinburg office celebrates 14th anniversary

The office of the Bank of Moscow in Yekaterinburg is celebrating its 14th anniversary.

The office was opened in June 1999, and since launching, it has become a reliable financial partner for the people and businesses in the Urals Federal Area, 4-Traders reports.

The Yekaterinburg subsidiary regularly holds the leading position amongst Bank of Moscow ratings in terms of key financial indicators, such as resource base, credit portfolio and profit. The subsidiary has received many diplomas of cognizance from the Russian government, the governor of the Sverdlovsk region and the head of the city of Yekaterinburg. It is the base subsidiary for the Bank of Moscow in the Urals Federal Area.

The Tomsk subsidiary merged with the Yekaterinburg branch last year, three years after the Chelyabinsk subsidiary did the same. The subsidiary now has five operating offices in Chelyabinsk, Tyumen, Surgut and Salekhard. It has 11 additional office, including those in Yekaterinburg, Nizhny Tagil, Verkhnyaya Salda, Pervouralsk and Sredneuralsk, according to 4-Traders.

Mikhail Kuzovlev, the president and chairman of the Bank of Moscow, signed an agreement on cooperation with Evgeniy Kuibashev, the governor of the Sverdlovsk region, that requires the bank to implement social programs in the region, specifically in the areas of financing modernization of utility systems, housing and community amenities.

The Yekaterinburg subsidiary is also a member of the Union of Defense Industry Enterprises of the Sverdlovsk Region and the Urals Chamber of Commerce and Industry. It works with the Sverdlovsk Region Small Business Fund, providing loan guarantees, 4-Traders reports.

The Bank of Moscow's Yekaterinburg subsidiary is also working to develop its business with medium-sized and small business clients through the development of a broad product line and efficient business processes. It also works with enterprises in the metal, machine-building and power complexes, as well as wholesale and retail trade undertakings.

It has over 3,000 corporate clients, including E.S. Yalamova, Uralsevergaz, UBT, UMEKON, Uromgaz, AMOTEA Engineering Group, Energomost and Avtoban Group, according to 4-Traders.

The bank has over 165,000 personal clients, and many people in the region receive their salary through bank cards issued by the Bank of Moscow. The Yekaterinburg subsidiary has issued over 85,000 cards and implemented 450 salary projects. Clients in the area are also offered a broad line of mortgage products. The bank also installed 80 ATMs.

"Since the Bank of Moscow jointed the VTB Group in 2011, the subsidiary has received a new impetus to development, allowing it to remain the leader on the region's banking market," Tatyana Esaulkova, the director of the Yekaterinburg subsidiary of the Bank of Moscow, said, 4-Traders reports. "Other advantages are the close relations with clients based on long-term co-operation, a product offering that meets market demand and the possibility of providing unique services through the VTB Group companies."