ntiva is an it consulting company based in mclean , va .

the company was founded by steven freidkin when he was a teen in high school .

ntiva was formed after freidkin graduated in 2004 .

the company was named one of inc. magazine 's " 500 's fastest growing companies in america " five years in a row .

ntiva has branch offices in los angeles and colorado springs

ntiva

glassdoor has 35 ntiva reviews submitted anonymously by ntiva employees . read employee reviews and ratings on glassdoor to decide if ntiva is right for you .
in the past three years , however , ntiva has seen its profits nearly triple .
ntiva did hit a rough patch in 2008 when freidkin’s partner , his first paid employee and an it contact he had made during one of his first jobs , left ntiva .
ntiva was officially founded in 2004 by our founder and ceo steven freidkin , but one could say that
unofficially
ntiva was started when steven was just 13 years old .
ntiva is a family , and we’re looking to grow that family with the right talent .
ask a question about working or interviewing at ntiva . our community is ready to answer .
any ntiva employees who haven’t mastered customer relations don’t get to deal with customers directly , freidkin says .
ntiva’s people are our # 1 priority and we offer a wide range of careers for it professionals .
ntiva ' s new office is located at 8383 wilshire boulevard , beverly hills , ca 90211 . the office phone number is 310 - 499 - 9560 or toll free : 888 - 99 - ntiva .
ntiva can also develop a customized strategic plan for its clients that includes niche applications for a specific industry .
ntiva is always on the cutting edge of technology and provides new and exciting tools to do our job .
ntiva , a full services it provider , today announced the company has opened an office in beverly hills , california .
ntiva was officially founded in 2004 by our founder and ceo steven freidkin , but one could say that . . .
listen to ntiva founder , steven freidkin , as a special guest on wtop ' s radio show blueprint for wealth .
ntiva provides it services and support for commercial and non - profit businesses , offering advanced technology expertise around the clock .
since founding ntiva our client growth has always been through referral ,
explained steven freidkin , ntiva president .
in this case , the employees of a company with similar service offerings , mba computer consultants , were referred to us .
i love the daily challenges and working out the best technical solutions for our clients . ntiva has a fantastic management team and ntiva have been voted “best places to work” for the last 5 years in the washington business journal . management is always open to new ideas and has an open door policy . very easy to talk with them . never a boring day at ntiva . the daily technical challenges are always different and we are always looking to wow and delight the client . ntiva is a career not a job – with effort and determination , i feel you can advance and grow as much as you want at ntiva .
as a result , we officially joined forces and are now marketing our solutions under the ntiva brand ,
said freidkin .
we were very impressed with the response to our recent malware intrusion . the ntiva staff was very responsive and acted swiftly .
ntiva has always had this vision - it isn’t the technology that makes a managed it service provider stand out , it’s the service .
two of my friends that own businesses use ntiva , love the customer service and what they do for them on an ongoing basis .
any organization is only as good as the people from which it is comprised , and this is what sets ntiva apart from the rest .
my experience with ntiva has been great ! c - level executives are very encouraging and open to suggestions . work culture promotes independent working style that motivates you to take ownership . ntiva offers a lot of internal promotions and training opportunities this opens the gateway for professional development . i feel very valued at ntiva . they have a liberal pto policy and flexible wfh schedules . great benefits with free gym membership and friday lunches !
it ' s a comfort knowing the ntiva team is there to support us . i’ve always experienced quick , reliable and professional service and i know that if i have to call on ntiva , any time night or day , it will be a pleasant experience with positive results .
ntiva headquarters and main technology center is located in mclean , virginia , and we offer it services and support through out the metro dc area .
freidkin says that although ntiva is profitable , he has never felt completely settled . like his technology , his company is constantly maturing , he says .
we initially worked together to support an ntiva client in los angeles . the mba team soon realized that they could better serve their existing clients and attract new business if they adopted ntiva ' s business processes as well as our commitment to maximizing our clients ' growth potential ,
said freidkin .
ntiva is a wonderful place to work ! make no mistake , it is not easy , but you get out of it what you put in .
last fall , as other industries suffered through the tough economy , ntiva was acquiring halogen inc . , another computer consulting business , and expanding its mclean headquarters .
as information technologies evolve , ntiva employees do , too . we encourage , support , and reward professional growth and forward - thinking business solutions for our clients .
ntiva has a great culture with a lot of opportunities to learn and grow . the team is always happy to assist when needed and provide opportunities to learn new skills .
i have had to rely on ntiva several times over the last 6 years to assist me through computer problems that halted my productivity . everytime i call they are responsive , professional and quick to provide resolution . i am greatly appreciative of their efforts and hope that this note provides others with awareness ntiva so they can take advantage of them too .
still , ntiva’s office reflects a sense of geekiness more than your average call center does . cubicles fill the main room , where staffers spend hours staring intently into their computer screens . their desks surround a large monitor that hangs in the middle of the office and is connected to every computer ntiva has ever touched , blasting alerts any time one of those computers malfunctions .
freidkin says that partners microsoft corp . , hewlett - packard co . , dell inc . and others supply ntiva with new products before they’re released on the market so the local workers have a chance to learn them .
i wanted to say thanks to the ntiva team . service is always rendered in the most courteous , professional manner with a smile . every tech on - site is responsive and proactive . thanks for being here !
mclean , va ( prweb ) february 8 , 2008 ntiva , inc . , a full service information technology services provider headquartered in mclean , virginia , today announced the company has opened an office in beverly hills , california .
in another room lie large pieces of technological equipment that make ntiva’s computers run . freidkin can easily point out which piece does what , but to the average spectator , it looks like he stole a prop from a “star wars” set .
we have little to no tolerance for down time , slowness , or interruption to our business , and ntiva helps us to avoid problems before they happen . i genuinely feel like they have our back and have no hesitation in recommending them !
we took the dive into moving over to a hybrid voip system…ntiva did an incredible job and provided outstanding support . just wanted to note that if in a military environment , we would refer to that as above and beyond the call of duty !
aside from figuring out his own work - life balance , freidkin says one of his toughest tasks is finding quality engineers who can connect with people . ntiva works with some clients who have little tech savviness , and the company’s technicians often second as customer service representatives .
to keep his business on top of the ever - changing technology , freidkin says he looks for employees with a passion for gadgetry . ntiva sponsors technology classes and has a lab that technicians can use to play with new components , things they’d often opt to do on their own time anyway .
○ company : ntiva inc . ○ what it does : it services , including cabling , network monitoring , outsourced work ○ leadership : steven freidkin , president and founder ○ location : mclean ○ employees : 41 ○ revenue : $ 2 . 9 million in 2007 , $ 3 . 25 million in 2008 , $ 5 . 6 million in 2009
ntiva was founded in 2004 by steven freidkin , and through customer referrals has grown to support hundreds of clients across the dc area . we know that technology is a crucial part of very business , and keep a razor sharp focus on our mission to provide the expertise and accountability that ' s required to keep your it infrastructure stable and secure .
we are committed to providing exceptional knowledge , responsiveness and support for clients of all sizes in a versatile technological marketplace while maximizing growth potential for ntiva , our employees , and our clients ,
said freidkin .
we look forward to assisting our west coast clients achieve the same high return on their technology investments as our east coast clients enjoy .
ntiva works very hard to create a positive experience where team members work well together in a friendly environment to best serve our clients . so , indeed we do expect that our employees will “fit in” by treating each other with respect in interpersonal communications . while we disagree on the high school thing , it’s absolutely true that anyone who doesn’t buy in to this culture and play nicely with others won’t last long here . with that said , we do make every effort to identify negative communication styles and coach / train our employees when they’re not meeting those standards . not everyone will respond positively to these efforts , and that’s ok . ntiva’s not for everyone ; we have a high standard for our employees and that won’t change .
the best service . unfortunately letting the customer know that ntiva didn ' t know everything was a bad thing in their eyes . truthful and honesty was not a policy that was followed and i was against this as well . its like the old school it guy that uses big words and creates problems just to secure his job , except at a much bigger scale .
steven freidkin is the ceo of ntiva , and began his it career at the age of 13 when he was mistaken for an employee at compusa . based on some solid advice that steven offered to a businessman in the store , a business was born , and continued to grow through high school and college as the word spread of steven ' s dedication and talent .
ntiva is losings it ' s identity and straying away from the foundation it was built on . office politics are taking over and individuals are being rewarded for who they know or just for being part of the lunch crowd . several loyal and dedicated employees let go and overlooked for growth opportunities . expect to work long hours , be used and abused and not rewarded for your efforts .
with profits earned from his school - age ventures , freidkin parlayed custom computer creators into ntiva inc . , a mclean company he created in 2004 , roughly seven years after that fateful day in compusa , to provide it services for small and midsize business . he has expanded the company’s staff along with revenue , never collecting any debt or , he says , putting himself at much risk .
a typical day at ntiva was always challenging . i had regular client visits and known tasks plus there were always new things i got pulled into . i learned more here than anywhere else and wish i was still part of that family . when you worked hard you were noticed and rewarded ( recognition , increases , learning opportunities ) , when you slacked off you were attacked from many angles and people ( peers , managers , even the president ) .
ntiva understands that our success is a result of our people and the communities surrounding our offices . we offer programs and incentives to our employees that encourage them to go out and use their technological skill sets to help improve the efficiency and workflow of non - profits across the country . we are committed to using portions of our profits and resources to benefit and support local charities , and have set up an internal group that meets once a quarter to discuss and implement charitable contributions .
every day at ntiva is different , whether it requires focus on a challenging issue for a client in need of trouble - shooting or working with a colleague to develop / create a new solution , i like the diversity of my workload and the people i work with . sure , ntivians work hard , but they also like to play . it is fun to take out the hockey sticks on a tuesday afternoon or catch up with someone in another department over hot dogs on fridays .
ntiva is a full service it solutions provider to medium and large enterprises seeking to improve their profitability through more efficient use of technology . the company offers a broad range of full lifecycle services to its growing customer bases in greater washington , dc and california including asset inventory & strategic procurement with life cycle integration , business technology analysis , infrastructure implementations ( routers , firewalls , wireless topologies , switches , pcs , servers , pbx phones , & voip technology ) , proactive maintenance packages , and outsourced help desk support .
ntiva is a managed it services provider in the metro dc area who is dedicated to helping businesses grow through the effective use of technology , offering strategic it consulting , managed it services , help and support desk , cyber security , cloud services , business telephony and more . our goal is to provide the response time , the accuracy and the care that today ' s technology - dependent businesses require , providing supplemental support to existing it teams , monthly recurring it services for those who want to completely outsource , and fulfilling special projects as requested .
i never learned more than what i learned at ntiva . i increased my technical skillset on a daily basis and never had a moment where i was not challenges and bored . this is a great environment for people who are looking to grow and get exposure to technologies . as i understand it , they are now at the point where there are different opportunities available depending on how much growth vs . stability you want . it is truly a company of great people who care about what they do , each other , and the customers they server .
i love to be challenged and learn new things every day . ntiva has delivered on this promise . sometimes it can be frustrating when up against a deadline or being pushed by a client but it always seems to work out in end . others in my role constantly support me and i support them . wish i saw my manager more often and could be part of the team at the office as well . so much seems to happen there but i’m in the field almost all the time so i miss it . i hope to advance my career and be able to work in remote engineering .
ntiva set up my entire network in the opening of my spa , and continues to provide regular maintenance , and help desk support . one thing that i really appreciate with this company is that whenever i call , i am not required to muddle my way through endless menu options in order to reach a real person . i don ' t think that i have ever been on hold for more than a few seconds during approximately 2 years that i have been working with them . they are very responsive and do whatever it takes to solve my problems , day or night . they are always friendly and very patient , through long hours , often late into the night .
of course , web site design is one thing . can a kid help run the computers and applications that are close to the guts of your business ? maybe . when steven freidkin was 13 , he was setting up entire networks and software systems for small businesses at bargain - basement prices . but today , as a grizzled 26 - year - old who runs a successful i . t . firm called ntiva in mclean , va . , mr . freidkin looks back on his early work and wonders if it was a good idea . “there’s a pretty good chance with a kid you’ll end up having the systems fail at some point , you’ll lose data , and you’ll have a professional come in to clean up the mess for far more than you would have paid to have him come in in the first place , ” he said . “i can tell you about 30 examples from this year alone where i had to fix that sort of situation . ”
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while other boys his age mastered game boy and assembled model airplanes , steven freidkin was building an it services business . and build he did — into a multimillion - dollar profitable enterprise that now pays four - dozen salaries .
a random run - in with a stranger began steven freidkin’s ascent into the professional world of tech support .
a 13 - year - old freidkin was browsing the aisles in a compusa store when a stranger approached and asked if he should buy a desktop or laptop . the boy looked down . his shirt was the store’s trademark red color for the sales staff .
after clarifying that he wasn’t an employee , the self - described geek helped the customer find the best fit . the grateful purchaser then asked for help setting up his new computer , which the teenager did — after determining the man wasn’t dangerous .
that customer , a bethesda owner of a large retail chain whose name freidkin wouldn’t disclose , started referring the boy to other prominent friends who had technology troubles .
at 14 , he interned in the information technology department of the stranger - turned - mentor’s company for the summer . and for the next six years , he spent evenings and weekends helping homeowners with their it needs — from setting up e - mail and internet access to aiding with desktop purchases and data transfers — through a company called custom computer creators that he founded in his early teens and ran through his college years . in between accounting classes at the university of maryland , he took client calls .
in that way , freidkin has struck a rare balance between random occurrences and well - thought - out decisions to make a career in tailoring and troubleshooting other people’s computer systems .
“the way i built the company was based on me working my rear off , ” says freidkin , now 26 , “and being that technician and getting the recurring revenue , and then hiring people and then committing to office space and then committing to investments and things . ”
their partnership dissolved as amicably as possible , freidkin says , but the company only saw 12 percent growth that year compared with 50 to 100 percent annual growth in previous years .
“i’m running at a mile a minute , and he has a family and many kids . it wasn’t the right fit , ” freidkin says . “the process of undoing that took a year and a lot out of me . ”
even though the needs of smaller companies decreased during that time because of the recession , larger companies found that outsourcing to freidkin’s company was more cost - efficient than paying for in - house it staffs , he says . slowly , those larger companies became repeat customers , resulting in higher profits .
“it , while it sounds like a bunch of geeks behind a curtain , actually is a very highly customer service - oriented business , ” he says .
“i’m confident in the success of the company , but i’m never going to sit back and say it’s perfect now , ” freidkin says . “the life cycle of a company is a deteriorating one when you’re not evolving anymore . ”
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reliable it services , consulting , and support for today ' s technology dependent businesses .
if you’ve lost count of the hours you’ve wasted trying to fix it yourself , it’s time to look at how we can keep your it environment stable , available and secure .
if your it team struggles to keep up with relentless maintenance or lacks the expertise for complex projects , we’ll be your trusted partner to get you back on track .
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maintaining it systems is a challenge for any business , especially with today’s fast changing technologies . let us help you reduce both the cost and headache of trying to “do it yourself . ”
the benefits of migrating to the cloud are many , but making the move can be daunting . let our experts help you determine the best cloud applications and services for your business .
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a comprehensive cybersecurity plan is a must for the success of any business in today ' s high risk environment . without a solid security strategy , organizations are open to countless risks .
donald garner jr . was at his auto - salvage lot shooting the breeze last year when a customer mentioned that her nine - year - old twin sons had just gotten back from computer camp . great skill to have , said mr . garner , who went on to complain about how much he was going to have to pay a pro to build a decent web site . why not ask her boys to do it ? the customer asked . he could pay them whatever he thought the results were worth . he thought about it . why not ? he replied .
mr . garner had to suppress a laugh when the boys showed up the next day with clipboards and serious looks . but he dutifully gave them a rough idea of what he had in mind , and then waved goodbye without particularly high expectations . a month later , he was stunned and delighted when they delivered exactly the sort of site he had had in mind . he dashed off a check for $ 2 , 000 , but the boys would accept only $ 700 . “they did a beautiful job — just superb , ” mr . garner said . ( take a look . )
it’s really not surprising that some businesses are getting a technology assist from , well , children . they are way ahead of the rest of us on much of this stuff , having cut their teeth on it at home and at school . and they’re thrilled to work for wages that a pro would sneer at at — music to the ear of the cash - flow - conscious business owner .
should you trust a teenager to develop a web site ? sure , if you can afford to write the whole thing off if the kid messes it up or simply loses interest , a common hazard when employing the young . if you’re under time pressure , if the site is mission - critical , if you want customers to conduct complex transactions via the site , if you’re in a sophisticated business that calls for a slick , dynamic web presence , if you have serious data security needs , forget about it . bite the bullet and spend the $ 5 , 000 or $ 20 , 000 or more that it takes to get a higher - shelf site .
but mr . friedkin points out there’s a way to have your cake and eat it , too : if you know of a teenager who seems to have the technical chops to handle a significant i . t . job , fine , but hire a pro to supervise . he has provided that sort of supervisory service to a number of customers who brought in kids to help with i . t . , and he says it often allows the customer to save some money without much risk of something going wrong . he himself makes a point of hiring interns in their early teens — they remind him of himself at that age — and puts them on customer projects but only after training and under the watchful eye of a more experienced staffer . and even then he doesn’t charge the customer for the kid’s time . mr . friedkin’s last - ditch advice to anyone who insists on placing an important i . t . project in the hands of an unsupervised youngster : first , hire the teen to set up and maintain your home network and then try him out on a less - important business project .
but don’t bother trying to hire the padalino boys . they’re 10 years old now , and they’ve already got a waiting list of companies that they’re not getting through any time soon . “we’ve got a lot of homework , we play soccer , and we develop games for our own computer , ” scott said .
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the final you ' re the boss post was published on dec . 23 .
mistaken for an employee in compusa , steven was asked for technical advice by a wealthy business man . as it turned out , steven ' s advice was good and soon his first client led him to 20 more - and his business continued to grow through high school and college .
steven continues to keep the team zeroed in on our core mission , which is to provide the expertise , accountability and personal responsiveness that are often lacking in the it services industry .
employ experts who know their stuff and are excited to put that knowledge to work to make your business better .
we also have a satellite office in southern california , where we offer it support to the surrounding area .
working with our energetic team in the metro dc area will help you realize and maximize your potential . you will have exposure to the latest solutions and inside product tracks before they hit the market .
when you join our exclusive brain trust of premium talent you will have the opportunity to work on the most challenging engagements with the best solutions at the best companies .
you’ll be surrounded by energetic , intellectually curious professionals who love what they do and never hesitate to help their teammates .
if you’re looking for an opportunity with no silos , swim lanes or ceilings , we’d love to talk to you .
from casino night , summer picnics , holiday parties , office yoga and more , we adhere to the old maxim
work hard , play hard .
come join us !
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the environment can be fast paced at times . although the culture is understanding of the hard work its team delivers .
it ' s a bit of small company but that only makes everyone closer . management is great at accommodating everyone . if you put in the time , you will move up quickly ! there is also free lunch on fridays and other nice benefits .
depending on the position , you would have to drive to different clients per day , or sit in a semi - call center . also , with growth , there is change , so be prepared for a bit of change .
points system is worthless and not an incentive for anyone .
awards
are always biased and some of the hardest working employees tend to get lost in the crowd . try to show more recognition to the non - technical team members . these employees spend countless hours away from their families to make sure thry keep your clients happy .
vast experience . steven ' s pretty cool . you will learn a lot .
long hours , very little support . constantly thrown into tense business relationships , where you ' re treated like a punching bag or scapegoat for problems . ideas will be largely ignored , and most of the time your voice will go unheard . be prepared to be reprimanded for stupid little things
friendly coworkers for the most part , convenient office location and nice office in general , hot dog fridays . unfortunately the cons outweighed the pros in my opinion .
chaotic , stressful environment . below average pay . revolving door for techs . crms aren ' t given the resources they need to succeed . blatant favoritism among employees from top executives . if you like getting chewed out on a regular basis by abusive , rude clients , this is the place for you . hard work isn ' t recognized , only put down when something goes wrong . management would rather continue to expand than get their current customer base under control .
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7900 westpark dr , ste a100 ( 2 , 417 . 51 mi ) mclean , virginia 22102
happy july 4th ! hope everyone is enjoying a bit of r & r . most of us are too but as technology never sleeps , neither do our it operations !
white paper - business of all sizes and across all industries are moving to the cloud , and the trend shows no sign of slowing down . learn more here : urltoken
it is about the worst company you can hire . they wont do any work that they are supposed to do .
at one point in time , it was a great place , filled with great people .
ely , it has lost it ' s initial vision , in a quest to increase the total number of clients and total revenue , as the founder looks to cash out and sell .
great service , smart people who save us $ ' s and energy on it costs .
as an onsite admin , you will be leaving dc at 5pm at least several times a week . hope you like sitting in 2 hours of traffic to get home . management seems overwhelmed and communication is minimal . most of the other people at the admin level seem nice but you won ' t ever see them .
typical day envoled supporting customers remotely or via site visits . visits usually entailed deploying , configuring equipment or resolving isses with previously deployed equipment . i learned how to configure install and manage new products i had no previous experience with . work place culture is layed back but for lack of a better description cliquish . it is very competetive and somewhat cutthroath . there are oportunities for advancement but they are few and everyone wants to advance . this effects how people interact with you . i always felt like and outsider . the hardest part was adjusting to working in an msp environment . i aslo was not comfortable with the selling aspect . most enjoyable part of job ws hot dogs and nerf guns .
hot dog thursday tuesday ? one of those . . . nerf gun fights . layed back environment
it ' s constantly a family friendly environment amd open to suggestions . you will have ample opportunities to affect the company . there is a good amount of career advancement and the manager will work with you .
sys admins or sys admins to be this a great place to cut your teeth and pick up skills working with many clients on various platforms to help improve your skill and understanding .
company lacks serious direction . their unofficial motto is
we pay the industry standard
. with industry standard pay comes . . . industry standard employees . no real incentive to go above and beyond let alone stay at this company any serious period of time . anyone with any potential will quickly realize they can and will make more money at another company that actually values them as employees . management seems to just do what they think the employees want without actually listening to the employees concerns and feedback . constant employee turn over is very negative on company outlook and moral moving into the future .
good people for the most part . if you are looking to learn this is a good startup for you . hot dog fridays but it can get old . you get yearly review with manager .
salaries low , ability to telecommute , hot dog fridays , benefits are middle of the road . co - workers are great . company growth not equivalent nor on par with employee growth
thanks for your feedback , we’re sorry you didn’t have a successful experience here .
account managers in any field will have the occasional interaction with a dissatisfied client , and those interactions can be difficult . it comes with the territory of being an account manager , anywhere you work . we expect our team , especially account managers , to diplomatically work with all of our clients to resolve their issues and deliver world - class customer service . again , that’s a high bar and it’s not for everyone .
it’s always tough to find and hire great people , but keeping them hasn’t been an issue . at our holiday party this weekend ( pictures on our facebook page ! ) , we celebrated several employees who have hit the 5 - year mark and one who had his 10 - year anniversary this year . not bad for a company that’s been around just over 10 years ! you mention
our “best places to work” awards for the past 10 consecutive years . we’re pretty proud of those . they’re awarded based on anonymous employee feedback , and most folks seem pretty darn happy to work here . for more info , check out the most recent washingtonian magazine : “best places to work : 2015 . ” we’re in there . we think it’s a great place to work , and our employees tend to think so too . we’re sorry you didn’t , and we wish you the best in your future endeavors .
i wish i could get more face time with colleagues working in other locations , we have the technology , i just prefer being in the same room to catch up .
learn more here than any other company or education facility management was being to develop , company culture allows for flexibility if you are delivering support to peers and wowing clients . team really has everyone ' s back . enjoy the rapid paced growth environment
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otkritie fc bank ( russian : банк « фк открытие » , translates as opening or discovery ) is one of russia 's largest private listed banks .

it has 21 branches and 31 representative offices in russia .

it was co-founded by igor finogenov , now ceo of the eurasian development bank .

otkritie bank ranks 1st among privately owned banks and 4th by assets among banking groups in russia .

otkritie allegedly became russia 's largest private bank by buying 625 billion rubles in bonds from the state oil company rosneft , using them as collateral to obtain reverse repo loans from the central bank of russia , then passing on the dollars it received to rosneft , which is not allowed access to international capital markets due to western sanctions .

as repo funding had a 2.5 % interest rate and the bond had a 7.5 % coupon , otkritie made billions from the trade .

otkritie fc bank

otkritie holding owns a 66 . 64 % voting stake in otkritie fc bank .
the owners of otkritie fc bank asked the central bank to help , tulin said .
as at april 7 , 2014 otkritie holding owned 74 , 9 % of otkritie fc bank shares and free float accounted for 25 , 1 % of otkritie fc bank shares .
otkritie fc bank was ranked among top 10 systemically important banks by the bank of russia .
a bank otkritie fc bank branch in moscow , russia . photograph : andrey rudakov / bloomberg
otkritie financial corporation bank provides banking , loan solutions , investments and financial services . otkritie fc bank ' s headquarters is in moscow , moscow oblast . otkritie fc bank has a revenue of $ 18 . 9m , and 134 employees . otkritie fc bank has raised a total of $ 185m in funding . otkritie fc bank has 1 followers on owler .
owler has collected 10 screenshots of otkritie fc bank ' s website since oct 2014 . the latest otkritie fc bank website design screenshot was captured in feb 2017 .
otkritie fc bank ojsc was incorporated as a privately - owned bank . banking license was granted .
brief - otkritie fc bank fy 2016 net profit down at rub 1 . 5 billion
( 4 - traders . com ) otkritie fc bank has made coupon payment on series bo - 05 bonds 03 . 07 . 2015 otkritie fc . . .
since otkritie fc bank was founded in 1993 , it has participated in 1 round of funding . in total otkritie fc bank has raised $ 185 . 0m . otkritie fc bank ' s funding round was on jan 2016 for a total of $ 185 . 0m
otkritie financial corporation bank ( “otkritie fc bank” or “the bank” ) has raised a syndicated loan of usd 185 million from a consortium of 10 international banks .
brief - otkritie fc bank fy 2016 net profit down at rub 1 . 5 billion | reuters
otkritie fc bank purchased a controlling stake in regiobank as part of its distribution network development strategy .
at the extraordinary general shareholders’ meeting held on january 22 , 2015 shareholders approved the reorganization of otkritie fc bank in the form of the merger of petrocommerce bank into otkritie fc bank . otkritie holding acquired 99 . 5 % of petrocommerce bank from ifd кapital group that became a shareholder of otkritie holding .
otkritie to begin the merger of khanty - mansiysk otkritie bank into . . .
managing director of otkritie fc bank alexander dmitriyev said that the bank has good opportunities for development with the central bank becoming its shareholder . “otkritie fc bank has good opportunities for further development , supported by the central bank as a shareholder , ” dmitriyev said .
otkritie holding has announced changes to its banking business integration structure . under the new structure , business development will be based on the trio of otkritie fc bank , otkritie bank and khanty - mansiysk bank .
the deposit insurance agency ( dia ) has chosen otkritie fc bank as an investor for the financial rehabilitation of trust bank .
otkritie financial corporation bank provides banking , loan solutions , investments and financial services . otkritie fc bank was founded in 1993 . otkritie fc bank ' s headquarters is located in moscow , moscow oblast , ru 115114 . it has raised 185 . 0m in 1 . . .
otkritie financial corporation bank ( otkritie fc bank ) [ 18 ] is russia’s largest private banking group , and is majority owned by otkritie holding [ 19 ] . otkritie holding’s largest shareholder is russian oligarch vadim belyaev [ 20 ] . in 2012 , otkritie acquired russian investment bank nomos bank and by 2014 had consolidated nomos bank into the otkritie group structure .
otkritie fc bank has completed the merger reorganization two of its subsidiaries : nomos - regionbank ojsc and nomos - bank siberia ojsc .
otkritie fc bank : the depositors
offer
and
banking house
will pay 3 . 4 billion rubles
otkritie fc bank regulation on the dividend policy was approved on april 7 , 2015 , by the supervisory board .
in accordance with otkritie’s strategy for the integration of its banking business , petrocommerce bank has been merged into otkritie fc bank . otkritie fc bank has become the legal successor of petrocommerce bank , with all of the latter’s current obligations continuing in full force and effect . otkritie fc bank intends to set up a number of branches using the petrocommerce bank network and experience , in order to focus on continuing to serve lukoil and its employees .
since inception , otkritie fc bank has grown both organically and by acquisitions and has emerged as a long - term winner and sector consolidator in the russian banking market . the following milestones provide an outline of otkritie fc bank history :
the chairman of otkritie fc bank’s supervisory board is dmitry romayev ; and the management board is chaired by evgeny dankevich .
( 4 - traders . com ) 11 . 11 . 2015 otkritie fc bank has been named best bank in russia for outstanding financ . . .
otkritie fc bank acquired assets and liabilities of distressed russian banks in cooperation with the russian deposit insurance agency ( dia ) including commercial bank moskovsky capital and vefk siberia bank .
otkritie financial corporation has been renamed otkritie holding , and nomos - bank is henceforth known as otkritie financial corporation bank open joint - stock company and has a new logo .
otkritie holding consolidated a controlling stake ( 51 % ) in otkritie fc bank through partial acquisition of ict group ' s stake and stakes of mr . mamut and mr . malis .
on 14 april 2015 , otkritie fc bankcompleted a deal to place two five - year bond issues for a total amount of rub 4 billion . otkritie fc bank became the first borrower to use the new exchange technology : an exchange - traded bonds programme .
otkritie financial group has completed the juridical procedures of otkritie fc bank’s merger with khanty - mansiysk otkritie bank . the complete integration ( in terms of business operations , product line offering and it ) is planned to be finalised by 2017 year - end .
in september 2010 otkritie fc bank announced its intention to purchase a controlling stake in bank of khanty - mansiysk ( bkm ) , one of the largest domestic regional banks . in mid - december 2010 otkritie fc bank consolidated 51 . 3 % stake in bkm . it was the largest acquisition to date .
other russian banks hold otkritie bonds and loans they made to otkritie on the interbank market .
( 4 - traders . com ) mortgage securitisation completed by otkritie fc bank 03 . 08 . 2015 eclipse - 1 mortgage a . . .
for otkritie fc bank : matt ridsdale , nuala gallagher , james verstringhe at tavistock tel . + 44 20 7920 3150 email : otkritiecapital @ urltoken
bank fk otkrytiye : otkritie bank has been placed under the management of the ba . .
the merger of otkritie fc bank and its subsidiary khanty - mansiysk otkritie bank was approved by the shareholders at the extraordinary general shareholders meeting held in june 2016 . the merger is planned to be completed in q3 2016 .
up to date otkritie fc bank has not paid dividends to shareholders and reinvested its profit in order to contribute to the achievement of the bank’s objective to maximise its business expansion .
“this is the only syndicated loan raised by russian banks in 2015 , ” said managing director , head of international business of otkritie fc bank yuri lekarev .
the measures will be implemented in cooperation with the current owners and executives of the bank , it will ensure uninterrupted operations and further development of otkritie fc bank on the banking market .
otkritie fc bank commenced its regional expansion strategy by opening its first branch in novosibirsk , which was followed by the opening of branches in other regions across russia .
otkritie fc bank successfully completed an initial public offering both in moscow and london via an institutional placing of ordinary shares and global depositary receipts . the transaction value was us $ 782 million . the free float in otkritie fc bank now comprises 25 . 1 % of the shares in issue , with the majority in gdr form .
“the central bank’s statement suggests that otkritie bank will function in its previous regime . the bank’s owners will continue to participate in its management . this fact won’t have any effect on cooperation between the bank and fc spartak , ” fedun said .
( 4 - traders . com ) otkritie fc bank was the first to place bonds as part of a programme 15 . 04 . 2015 on 14 . . .
( 4 - traders . com ) otkritie fc bank ' s state aid bid approved by the dia 02 . 04 . 2015 the board of director . . .
in august 2014 , having considered the tough market situation and closure of international capital markets for issuers from russia , the supervisory board of otkritie fc bank decided to delist the bank’s global depositary receipts ( gdr ) from the london stock exchange and close the global depositary receipts programme . otkritie fc bank’s common shares remained listed on the micex se with ticker symbol ofcb .
on 22 november 2012 nomgdr limited ( a special purpose vehicle established by otkritie holding ) declared its intention to acquire gdrs of otkritie fc bank from otkritie fc bank gdr holders at the price us $ 14 . the offer period ended on 5 february 2013 and as a result , 16 % of total voting stock was bought by nomgdr stipulating the decrease of free float to 5 . 4 % .
otkritie fc bank shareholders signed a memorandum of understanding to form a strategic partnership with ppf group , a large privately - owned financial services group based in the czech republic .
the central bank blamed poor management for problems at otkritie , exacerbated by excessive spending .
note that nomos bank was previous a lbma ‘associate’ , but following its acquisition by otkritie , the lbma ‘associateship’ passed to bank otkritie financial corporation in 2014 [ 22 ] .
rating action : moody ' s downgrades bank otkritie financial corporation pjsc to b . .
bank fk otkrytiye : otkritie named best in mobile banking in central and eastern . .
otkritie bank is one of russia’s top 10 major banks . active in the financial market since 1993 , otkritie is a systemically important credit institution .
otkritie holding announced changes to its banking business integration strategy . under the new integration strategy the corporate and investment banking business will be developed by “otkritie financial corporation bank” ( currently otkritie fc bank ) and in 2015 it will incorporate bank petrocommerce into its structure . the retail banking business will be developed by khanty–mansiysk otkritie bank , which will be set up in 2014 following otkritie bank’s integration with the bank of khanty - mansiysk . this integrated banking combination will become one of the largest players in the russian market focused on providing banking services to retail customers and small businesses .
otkritie bank is a universal bank with diversified business structure and recognized by the cbr as a systemically important financial institution .
) - - otkritie financial corporation bank ( “otkritie fc bank” or “the bank” ) has raised a syndicated loan of usd 185 million from a consortium of 10 international banks . the loan will mature in one year with the option to extend it for another year ; the interest rate is libor + 2 . 5 %
“otkritie financial corporation plans over the coming two years to consolidate up to 100 percent of shares in nomos - bank , ” otkritie said in its statement .
the principal shareholder of otkritie bank is the bank of russia with more than 99 . 99 % of the share capital .
otkritie fc bank started to diversify its operations from corporate to retail banking and other types of banking activities such as securities and money markets operations , including trading activities on micex and precious metals operations .
otkritie fc bank ' s exchange - traded bonds programme worth rub 100 billion and maturing in up to 10 years was registered with the moscow exchange on 13 march 2015 under identification no . 402209b001p02e .
in december 2015 , otkritie fc bank became a certified participant of the shanghai gold exchange international ( sgei ) and plans to sell about 5 tonnes of gold through the sgei in 2016 [ 31 ] .
in april 2015 , the board of directors of the deposit insurance agency ( dia ) approved the participation of otkritie fc bank in the russian recapitalisation program , demonstrating once again the systemic importance of the group to russia’s banking system . as part of the program , in may 2015 otkritie fc bank and petrocommerce bank signed subordinated loan agreements with dia and increased their capital by rub 55 . 6 billion and rub 9 . 6 billion respectively .
otkritie is currently the country’s 35th - largest bank by asset size , according to banki . ru . the combined entity of nomos - bank and otkritie will have assets of over 1 trillion rubles ( $ 32 . 3 billion ) , according to otkritie .
proceeds will be used to provide financing to the bank’s corporate clients in the russian gold mining industry . the loan is unsecured with the foreign creditors willing to accept the direct risk associated with the provision of the loan to otkritie fc bank .
in the largest merger in russian financial history , otkritie banking group has completed the legal procedures to integrate khanty - mansiysk otkritie bank into otkritie fc bank . the resulting bank has assets of rub 3 . 1 trillion and is the largest private financial institution in russia by asset size . complete integration , including unification of product lines , operating processes and it systems , will wrap up by the end of 2017 .
“the central bank of russia has decided to fulfill measures aimed at increasing the financial stability of otkritie fc bank… in the framework of these measures , participation of the central bank of russia as its main investor is planned with the use of money of the banking sector consolidation fund , ” the central bank said .
otkritie bank ranks 1st among privately - owned banks and 4th by assets among banking groups in russia .
the major shareholder of otkritie bank is otkritie holding , which holds 64 . 7 % of the voting shares . the beneficiary shareholders of otkritie holding are vadim belyaev , ifd kapital group , vtb bank , ist - holding , ruben aganbegyan , alexander mamut . the bank’s securities are traded on the moscow exchange .
moscow , august 29 . / tass / . the situation around major russian privately - held lender otkritie bank beset by financial problems won’t affect its cooperation with fc spartak , football club owner leonid fedun told tass on tuesday .
otkritie fc bank has a long - established history of raising international syndicated loans to finance the russian gold mining industry . since 2001 , the bank has negotiated 18 loans ( including the one in question ) totalling usd 2 billion . 12 syndicates have been established .
on august 9 , 2012 ppf sold its 26 . 5 % stake in otkritie fc bank . 19 . 9 % was acquired by otkritie holding , 3 . 5 % was acquired by mr . mamut ( co - owner of polymetal ) and 3 . 1 % - by mr . malis .
first deputy chairman of the central bank dmitry tulin said that the rights of the current shareholders will be restored once the interim administration completes its work but their share in the bank will not exceed 25 % . the bailout process in otkritie fc bank will take less than a year , he added .
in november 2014 , otkritie fc bank successfully completed its secondary public offering of shares ( spo ) on the moscow exchange and raised rub 21 . 4 billion of equity . the bank placed a total of 22 , 838 , 624 shares at rub 935 per share .
' exchange - traded bonds programmes will allow issuers to follow a simplified procedure when issuing debt securities . currently , there are exchange - traded bond programmes registered for five issuers and we are pleased that otkritie fc bank was the first institution to have taken the new opportunities for raising debt capital . we are hopeful that before long other borrowers will follow the example of otkritie fc bank , ' said the managing director of securities market at the moscow exchange anna kuznetsova .
otkritie fc bank completed its spo on the moscow exchange . a total of 21 , 800 , 000 shares were placed at rub875 per share . as a result , the bank raised rub 19 . 08 bn of new capital through the spo . otkritie holding purchased more shares from ict group thus avoiding dilution and maintaining the stake at 51 % .
moscow , aug 29 ( prime ) - - the russian central bank has introduced an interim administration at otkritie financial corporation ( fc ) bank and plans to become its main investor , using funds of the banking sector consolidation fund , the authority said in a statement on tuesday .
otkritie bank enters the top 10 systematically important credit organisations approved by the central bank of russia , as well as the world’s largest companies according to forbesglobal 2000 .
“upon completion of the consolidation of nomos - bank shares by otkritie financial corporation , the distribution of shares among major shareholders will be as follows : [ otkritie chief executive ] vadim belyaev and the otkritie management team will control up to 25 percent of shares ; stakes of up to 10 percent will be owned by companies affiliated with ict group shareholders , by vtb group , by [ otkritie chairman ] boris mints and by alexander mamut , ” otkritie said .
the central bank did not say how much money it would put into otkritie , or where the cash would come from .
russia’s central bank made a decision earlier on tuesday to act as otkritie’s main investor and place the lender under temporary administration .
otkritie fc bank became an accredited member of the shanghai gold exchange ( sge ) and is entitled to operate in the shanghai free trade zone . otkritie financial corporation bank has raised a syndicated loan of usd 185 million from a consortium of 10 international banks . proceeds will be used to provide financing to the bank’s corporate clients in the russian gold mining industry . it was the only syndicated loan raised by russian banks in 2015 .
otkritie bank has been built up as a result of mergers with more than 10 banks of varying capitalisation and scale , among which there were large banks of federal importance , such as nomos - bank , khanty - mansiysk bank and petrocommerce bank .
otkritie is a full - service commercial bank benefiting from a diversified business structure . the bank focuses on corporate investment banking , retail business , smes and private banking .
otkritie private banking is part of russia’s largest privately owned banking group , otkritie , established more than 20 years ago . we follow the open architecture principle in our operations .
( 4 - traders . com ) otkritie financial group completes petrocommerce bank merger 17 . 06 . 2015 in accordance . . .
© 2014 - 2018 public joint - stock company
bank otkritie financial corporation
. regulated by central bank of russian federation ( general license # 2209 of 24 november 2014 )
otkritie has now agreed with the owners of 58 . 5 percent nomos - bank’s shares about their purchase , the financial group said friday .
sberbank , bank otkritie and mdm bank and are all associates of the london bullion market association ( lbma ) , while vtb bank is an ordinary member of the lbma [ 14 ] . standard bank of south africa is also licensed to trade precious metals in the russian market .
otkritie bank has a diversified business structure with a focus on corporate , investment , retail , sme and private banking . otkritie bank is a part of financial group otkritie , which includes rosgosstrakh bank , as well as companies holding leading positions in key segments of the financial market : rosgosstrakh ( insurance ) ; lukoil - garant non - state pension fund , non - state pension fund of the electric power industry and rosgosstrakh non - state pension fund ( pension asset management ) , and otkritie broker ( brokerage services ) .
moscow ( reuters ) - a central bank rescue of russian bank otkritie has eased market concerns that other banks could be in trouble , prompting banking stocks to reverse three days of losses .
otkritie private banking won the financial times global private banking awards as highly commended in the best private bank in russia category in 2012 and 2013 .
“the lenders are banks from europe , the usa , and asia , which demonstrates the high level of financial confidence that investors from these regions continue to have in otkritie fc bank . importantly , the funds have been raised on the same terms and conditions as in autumn 2014 , despite the deteriorated macroeconomic environment . ”
otkritie financial corporation bank has raised a usd 120 million syndicated loan from a group of foreign banks . the purpose of the loan is to provide financing to gold - mining companies being the bank’s clients .
the central bank said that otkritie ' s obligations to creditors and bondholders would be honoured , reducing the risk of a domino effect taking down other banks .
russia ' s central bank stepped in on tuesday to take at least a 75 percent stake in otkritie , the country ' s biggest privately - owned bank , to plug a hole in its balance sheet .
in 2014 , the bank offered a service called client bank , an online currency conversion service . corporate customers can use client bank to exchange currency online .
in november 2014 , the bank enters a new growth phase . in accordance with the decision of its shareholders , rcb completes an equity capital increase through the issue of additional shares and attracts a new strategic investor - otkritie fc bank , which forms part of the largest privately - owned financial group in russia . the transaction brings the total equity of rcb to over 0 . 5 billion euros .
bank fk otkryti : russia ' s b & n ; bank balance sheet hole could reach $ . .
the registered company name of the resulting bank is otkritie financial corporation bank pjsc . however , the bank will operate under the unified otkritie bank brand as it is among top 10 in the russian financial market by brand awareness . for customers’ convenience , the bank will also continue to use the brands that are part of certain client and regional business lines . the bank will continue to operate under the name ‘bank of khanty - mansiysk’ in western siberia , khanty - mansi and yamalo - nenets autonomous districts , where the brand awareness and reputation are high . otkritie’s high - tech projects tochka ( remote service for small enterprises ) and rocketbank ( innovative mobile banking for retail clients ) will keep their names , too .
“bigger is better , and otkritie is now going to be one of the big boys , ” said jason hurwitz , a financial - sector analyst at alfa bank .
shares in otkritie were down 0 . 5 percent on wednesday . yields on otkritie bonds , which act as a gauge of the risk of owning the bank ' s paper , fell to 36 percent on wednesday , from a record high of 82 percent his shortly before the bailout on tuesday .
shares in russia ' s second - biggest bank , vtb , which is a shareholder in otkritie , were up more than 6 percent , after having fallen for several days .
the paper was written before bonds in an irish - based spv used by russia’s seventh - largest lender , otkritie , wobbled in recent weeks before the ailing moscow - based bank was bailed out by the country’s central bank last tuesday .
otkritie is a universal commercial bank with a stable diversified business structure and strong capital management . the bank develops the following key business areas : corporate , investment , retail , small business and private banking . otkritie pays special attention to high - tech services : in particular , by implementing the rocketbank project the bank intends to develop remote banking services to individuals , within the tochka project - remote banking services to smes .
on august 1 st , 1995 , rcb bank ltd , formerly known as russian commercial bank ( cyprus ) limited , obtains a banking license from the central bank of cyprus .
in november 2014 , otkritie bank and novosibirsk municipal bank merged with bank of khanty - mansiysk . the reorganisation of the retail banking business was completed , resulting in the creation of one of the largest universal retail banks with a wide regional network . the universal nature of khanty - mansiysk otkritie bank not only made the group’s business more resilient and efficient , but also provided a platform for a potential increase in sales volumes by improving the quality of client services and making banking services more accessible .
dmitry romaev is the chairman of the bank’s supervisory board , and evgeny dankevich is the chairman of the bank’s management board .
but the swift action to rescue otkritie has gone a long way to reducing the risks of broader contagion , financial analysts said .
the bank saw a large outflow of client money in june–july , and its dependence on refinancing operations with the central bank increased .
but it was not immediately clear why otkritie had offered such a premium to minority shareholders , causing the spike in the share price .
in 2015 , otkritie private banking ranked among the top 10 private banks in russia according to euromoney’s private banking and wealth management survey .
a 75 percent stake in otkritie would be worth $ 51 billion , based on the current value of the 7 percent of the bank ' s shares that represent its free float on the moscow exchange .
in february 2013 , spartak and otkritie signed a six - year deal , under which the football club’s home arena in tushino in northwest moscow was named otkritie - arena . the deal was worth 1 . 2 billion rubles ( $ 20 million at the current exchange rate ) .
( 4 - traders . com ) 15 august 2017 otkritie holding is among russia ' s top 50 taxpayers rbc has included o . . .
a handful of large commercial banks dominate gold purchases in the russian gold market and their identities can easily be gleaned by examining sales data released by the union of russian gold producers . these banks , all of which purchase gold under term agreements with the gold producers , include sberbank , vtb bank , bank otkritie ( formerly nomos bank ) , and gazprombank .
( 4 - traders . com ) 25 . 03 . 2016 otkritie is launching a remote factoring service for small and medium - size . . .
otkritie , b & n ; bank , promsvyazbank and credit bank of moscow are among the banks that have been subject to russian media speculation in recent weeks , regarding the liquidity position of some and the potential knock - on effect on others ,
fitch said in a statement published on aug . 18 .
trading of nomos - bank shares was briefly suspended in moscow on friday as the stock rocketed more than 20 percent in 10 minutes after the announcement that otkritie financial corporation was looking to obtain full control of russia’s eighth - largest banking group .
micex froze trading of nomos - bank equity between 11 : 54 a . m . and 12 : 24 p . m . after otkritie financial corporation said in a statement posted on its website that minority shareholders in the bank will be offered “no less than $ 14 per global depositary receipt” as part of a takeover . the deal was corroborated by nomos - bank in an e - mailed statement .
other commercial banks active in the russian bullion market include mdm bank , lanta bank , uralsib and solid bank [ 13 ] . beyond the four large purchasers in 2013 , the following banks also purchased sizeable quantities from the russian gold mining companies the same year : lanta bank 8 . 6 tonnes , asian - pacific bank 6 . 7 tonnes , baikalinvestbank 6 . 5 tonnes , promsvyazbank 4 . 8 tonnes , uralsib 3 tonnes , fia - bank 1 . 9 tonnes .
in june this year , otkritie started to experience a liquidity shortage , beset by a run on its deposits . the bank’s corporate clients withdrew about 100 billion rubles ( $ 1 . 7 billion ) in the first month of summer while the cash outflow in july hit over 600 billion rubles ( $ 10 billion ) . moreover , both companies and private individuals and other banks were withdrawing their funds from otkritie .
bank fk otkryti : svetlana yemel ' yanova becomes head of the operatio . .
bank fk otkryti : natalia kasperskaya has been elected to join the s . .
bank fk otkrytiye : natalia kasperskaya has been elected to join the supervisory . .
the bank is recognised as “safest bank in cyprus” as a result of the annual survey conducted in more than 100 countries by the distinguished international publication global finance magazine .
currently , the key measures of the bank’s financial rehabilitation have been completed : the bank has been recapitalised , new supervisory board and executive bodies have been elected . the bank operates its business under the terms and conditions which are common for other market participants .
the lenders are unicredit ( acting also as the coordinating bank ) , aka ausfuhrkredit - gesellschaft mbh , citi , commerzbank aktiengesellschaft , filiale luxemburg , credit suisse , harbin bank , ing bank , oversea - chinese banking corporation limited , raiffeisen bank international ag , societe generale group . commerzbank international s . a . is acting as the facility agent .
one of russia’s few public banks , nomos - bank raised more than $ 700 million in an initial public offering in london last year . while it abandoned plans for an ipo in 2011 , otkritie said friday that it intends to try again within two to three years .
in october 2014 , rcb successfully passes the european central bank’s ( ecb ) stress tests .
but the central bank is likely to pay much less for the shares held by investors .
proceeds will be used to finance the bank’s corporate clients in the russian gold mining industry .
bank fk otkrytiye : svetlana yemel ' yanova becomes head of the operational unit a . .
entrepreneurs and businesses appreciate otkritie’s reliable payment and settlement service and products for growing a stable and profitable business : deposits , interest - bearing accounts , exchange control , acquiring , lending and payroll programmes .
' we are delighted to have acted as pioneers in adopting the new mechanism and we are pleased with the results . placing bonds as part of a programme allows further flexibility in placing the exact volume that meets the market demand taking into account the issuer ' s needs as well as saving time and cutting administrative costs associated with the preparation of a separate bond issue , which is critical in an increasingly changing market environment . we thank our investors who took part in this placement and we will continue improving the mechanics of such placements together with the moscow exchange , ' said otkritie fc bank vice president and head of equity mikhail avtukhov .
the client base of otkritie bank comprises more than 29 , 000 of corporates , 163 , 000 of smes and approximately 3 . 4 million of individuals , including high net worth individuals . the bank has 400 offices of different forms , which are located in 55 economically important regions of russia . the large portion of business is accounted for moscow , saint petersburg , tyumen region ( including khanty - mansiysk region where the bank operates under the brand of khanty - mansiysk bank , which historically enjoys high level of awareness in this region ) , yekaterinburg , novosibirsk region , khabarovsk and volgograd regions .
shares in credit bank of moscow were 0 . 5 higher , promsvyzbank shares rose 0 . 8 percent . the other bank mentioned by fitch , b & n ; , is not publicly traded .
“at least a portion of the financing looks like it will have to come out of otkritie in cash , ” said hurwitz . “with such shareholders you might assume they have strong backing from big money . ”
the aug . 9 deal caused a slump in nomos - bank’s share price and prompted credit rating agency fitch to cut its outlook on nomos - bank’s debt to negative , citing potential corporate governance issues .
preparing the ground for friday’s announcement , earlier this month ppf group , a czech private equity firm , gave 19 . 9 percent of its 26 . 5 percent stake in nomos - bank to otkritie in exchange for a slice of potash - producer uralkali . metals and finance billionaire alexander nesis , who is believed to control almost 50 percent of nomos - bank via his ict investment vehicle , provided the uralkali equity .
employees of the central bank and the banking sector consolidation fund will comprise the lineup of the interim administration .
the bulk of gold is later bought by the central bank to replenish its gold and hard currency reserves .
to date , nomos - bank’s client bank system is used by around 90 % corporate clients . the system allows users to exchange electronic documents with the bank and perform banking transactions from anywhere in the world . with obs , customers can send payment orders , request and receive account statements , make bank transfers , purchases , sales and foreign currency exchange operations , conduct all exchange control transaction operations , place funds on overnight deposit , send payroll registers to the bank , monitor the process of transferring funds to the accounts of employees online , apply to the bank for funds up to the credit line , monitor the status of on line applications , and much more .
“ultimately , we have no idea yet how otkritie would be financing this deal , ” troika dialog analysts wrote in a note to investors friday . “we see rapidly diminishing incentive to remain in the stock as this plays out . ”
the official confirmation of the long - rumored merger , which would include a buyout of minority investors , means the formation of the biggest privately owned bank in the country after alfa bank is now almost certain to go ahead .
“we , at a level of professional judgement – here , in the central bank – detected main problems in the bank last autumn , possible ways to solve these problems and risks associated with the process , ” he said .
in 2016 the bank successfully completes the stress test carried out by the ecb . the stress test results show that under the adverse scenario the bank’s common equity tier 1 ratio ( cet1 ) is well above the regulatory minimal requirements .
in order to comply with statutory disclosure requirements , on november 28 , 2011 nomos bank reported a decrease in its direct share in bank of khanty - mansiysk ( bkm ) from 31 . 31 % to 7 . 79 % .
rcb bank ltd is one of the largest financial institutions in cyprus offering services to thousands of local and international clients .
in november 2013 , in accordance with its shareholders’ decision , russian commercial bank ( cyprus ) limited is renamed to rcb bank ltd . the new name reflects the bank’s capabilities as an international financial institution to service a large number of local and international clients . the brand name is associated with an excellent reputation , first - class client service and loyalty .
nomos - bank’s client bank expedites the sending documents to the bank and allows users to monitor the status of all document processing in real time . the information is encrypted and signed by a certified electronic signature to ensure that using obs is risk - free . in addition , clients receive assistance in filling out document fields and can archive documents . nomos - bank provides the opportunity of working with one account from several workplaces as well as with several accounts from one workplace .
vtb bank is part of the vtb group , one of the largest russian diversified financial groups . vtb group is majority owned by the russian government , which owns 61 % of the group’s voting shares and 85 % of the share capital [ 17 ] . the vtb name is based on the bank’s earlier name vneshtorgbank , which means national bank of russia .
much or all of these central bank gold purchases have been undertaken in the domestic gold market , thereby making the russian central bank a key participant in the russian gold sector . on average , the central bank has taken 125 tonnes of gold from russian gold production each year between 2008 - 2015 . monthly changes in the international reserves ( including gold ) can be tracked on the website of the russian central bank [ 4 ] . the russian central bank stores two - thirds of its gold reserves in moscow in a building on ulitsa pravdy , and one - third in st petersburg [ 5 ] .
evgeny dankevich , chairman of the management board of otkritie fc bank : “creating a unified bank is the last step in our banking group integration strategy . the merger will increase the stability and efficiency of our business , improve capital management and further strengthen our positions in the russian banking market . following integration , we will be able to offer clients even better service and reliability . we expect to see significant synergies once all our divisions are functioning as part of a single organization , which will serve to enhance the stability and improve the diversification of our banking business . i have nothing but the highest praise for the team that is handling the integration . they are putting our new technology into service extremely quickly . after just one weekend , all of our offices were able to get back to their normal schedules . only a few services experienced interruptions . the integration team has really put customers first as it makes these changes . ”
rcb bank ltd provides high standard banking services to corporate clients with business interests in cyprus , luxembourg and other eu countries .
the central bank cannot really allow to create an aura of vulnerability around a major bank because there are other banks that are rumoured to be in trouble ,
lubomir mitov , chief economist for central and eastern europe at unicredit , said .
nomos - bank has credit ratings of bb from fitch and ba3 from moody’s . the outlook for both ratings is stable .
the bank was developing aggressively over the last several years , including by merger and acquisition deals , he said . the capital of the bank was insufficient for the amount of operations and risks and the capital declared in financial reports was evidently overestimated , he said .
the tcd academics also highlighted the case of another russian bank , peresvet , with an irish spv . the bank , half owned by russia’s powerful orthodox church , was put into temporary administration last year and a moratorium was imposed on the servicing of its debt .
it may have been mandated by the value at which the buyout of ppf took place , ing bank financial analyst andrzej nowaczek said .
the central bank has revoked the licenses of banks
offer
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as recently as 3 march . . .
otkritie bank takes an active part in social projects supporting such fields as science ( polytechnic museum ) , education ( lomonosov moscow state university ; european university in saint petersburg ) , culture ( maly theatre ; cooperation with yuri norstein , the author of hedgehog in the fog cartoon ) , medical care ( the vera hospice charity fund ) , sports ( strategic partnership with spartak moscow football club , ugra ski marathon ) .
simultaneously , a financial analyst at alfa capital management company sent out a letter to the company’s clients warning about risks confronted by major private banks , including otkritie . the letter said that the bank’s fate might be decided already this autumn rather than after the presidential elections in russia in march 2018 . russia’s anti - trust watchdog issued a warning for alfa - capital in the wake of this letter , after which it was recalled .
the charter capital of the bank will be levelled off with its shareholder equity during the interim administration work . if the bank’s shareholder equity is negative , the capital will be reduced to 1 ruble . in this case , the shareholders will lose their ownership rights , the authority said .
another lender , vneshprombank , imploded in january last year , resulting in the bank’s related irish spv defaulting on its $ 225 million of bonds .
nomos - bank stock stabilized friday afternoon in trading on micex , closing up 12 . 5 percent over thursday’s close , at 784 . 4 rubles . nomos - bank will announce its first half results monday with management hosting a conference call at 3 : 30 p . m . in moscow .
one of russia ' s few public banks , nomos - bank raised more than $ 700 million in an initial public offering in london last year .
the bank’s reliability is proved by international rating agencies , i . e . standard & poor’s ( вв - ) and moody’s investors service ( ba3 ) .
for example , in 2010 , russian banks bought 149 tonnes of gold from the russian gold producers , with sberbank purchasing 34 tonnes , nomos bank buying 28 tonnes and gazprombank purchasing 20 tonnes [ 8 ] . in 2011 , russian banks bought 156 tonnes of gold , with sberbank buying 38 . 6 tonnes , nomos bank buying 24 . 5 tonnes , vtb group purchasing 22 tons of gold , and gazprombank buying 22 tonnes [ 9 ] . in 2012 , the same 4 banks were russia’s top gold buyers , namely sberbank , nomos bank , vtb and gazprombank , with sergey kashuba , chairman of the union of russian gold producers revealing that the commercial banks act as proxy purchasers for the central bank - “ when the central bank buys gold , it’s from those commercial banks “ [ 10 ] .
the bailout highlights problems among russia ' s banks and the challenge the authorities face in trying to clean up the sector . bank of moscow , a mid - sized lender , had to be rescued in 2011 but since then the central bank opted for revoking licences , shutting down more than 200 banks over the past two years .
the bank has credit ratings assigned by moody’s investors service at the level of b1 and the russian rating agency acra at the level of a + ( ru ) .
the bank becomes the major sponsor of the cyprus national olympic committee in order to support the development of sports in cyprus and the country representation on the world sporting stage .
guthrie , sam .
nomos bank launches real - time currency conversion system
. yekaterinburg news . 2 / 10 / 2014 . retrieved 2 / 10 / 2014 .
nomos - bank group offers a full range of banking products to customers in the corporate , retail and small - business segments . as of 31 march 2012 , the nomos - bank customer base comprised 11 , 700 corporates , 79 , 600 small businesses and 1 . 5 million individual customers , including users of the group’s ivate banking services .
some €763 billion of international assets were held in irish spvs and related entities , known as financial vehicle corporations ( fvcs ) , as of march , central bank data shows .
russian gold refineries tend to call good delivery bars ‘standard bars’ . these are acceptable for inter - bank transactions . russian gold refineries usually call their smaller gold bars ‘measured bars’ .
but others pointed to the powerful organizations behind the bank , which is 24 . 2 percent owned by the deposit insurance agency and 19 . 9 percent by state - owned vtb .
vtb bank has been active on the russian and international precious metals markets for many years and is seeking to expand its business in the asia - pacific region . ” [ 29 ]
in accordance with eu legislation and the legislation of cyprus , the bank successfully implements new standards in regard to corporate governance , risk management , data confidentiality , money laundering prevention and detection .
in the beginning of 2015 , rcb approves a new 5 year - long strategic business plan for cyprus . in summer 2015 , the bank opens four new branches in limassol and nicosia .
this transaction represents a restructuring within nomos group and the stake was sold to two 100 % subsidiary companies of the bank . the objective of the transaction is to optimize the capital allocation between the companies of the group . the ultimate ownership and control of nomos bank over bkm remains at 51 . 29 % . the transaction will not affect the financial statements of the group .
nomos - bank has increased rates of interest for its nomos - prestige deposit account in chinese yuan . rates have risen by 0 . 5 percentage points on average for all account maturities .
nomos - bank’s client bank took fifth place in the systems functionality rankings of online banking services ( obs ) for legal entities . business internet banking rank 2013 was prepared by markswebb rank & report agency on the results of a study of the popular systems of top twenty banks in russia . obs systems were evaluated on the basis of two main performance indicators : functionality and usability .
our products and services for retail customers are designed to meet the needs of a range of consumer categories . we issue bank cards for car owners , frequent travellers , sports fans and retirees .
historically , the idea to open one of the first foreign branches outside russia was introduced by vneshtorgbank ( vtb bank ) , shortly after it was founded by the russian government in order to service the country’s cross - border transactions . strategically positioned at the crossroads of europe , asia and africa , the bank’s location serves as a prime example of russia’s goal to deepen its international economic relations .
the large commercial banks in russia are also active in trading gold in the inter - bank market , and offer gold holding services ( allocated storage and unallocated metals holdings ) to their customer bases .
sberbank of russia [ 15 ] , through its corporate and investment banking ( cib ) arm sberbank cib , is the largest bank active in the russian gold market . sberbank is majority owned by the russian central bank , through a mechanism where it owns 50 % of the share capital plus 1 share , guaranteeing it majority control [ 16 ] . the russian central bank is also the only entity owning more than 5 % of the sberbank share capital . sberbank distributes more than one - third of russian gold production , and also maintains over 500 , 000 ‘metals accounts’ ( customer unallocated precious holdings accounts ) .
the large russian bullion banks trade physical gold and other precious metals with each other on the domestic and international inter - bank market on a spot , forward and swap basis . the large banks also trade gold with licensed smaller banks . inter - bank physical gold transactions are vat free . the large russian bullion banks are also active in selling physical gold to industrial and jewellery companies in the domestic market .
russia holds the world’s 7 th largest official gold reserves ( or 6 th largest excluding the international monetary fund ) . over the last decade , the russian central bank has emerged as a powerhouse in official sector gold reserve accumulation . russia’s official gold reserves had remained relatively static during the 2000s at approximately 400 tonnes until late 2007 after which an upward trend in gold accumulation by the central bank began . by early 2011 , the central bank’s gold reserves had exceeded 800 tonnes , by the end of 2014 had exceeded 1200 tonnes , and by the end of 2015 had breached 1400 tonnes on the upside [ 3 ] .
now that both banks have publicly committed to the merger , the risk of the transaction falling through is limited , analysts said . alfa bank raised nomos stock to overweight , or a buy rating , friday .
in october 2015 , rcb bank was awarded the prestigious “best bank in cyprus” distinction at the 2015 global banking & finance awards by the european , one of europe’s most prominent publications . the award was given to rcb at a charity event in the presidential palace devoted to its 20 years anniversary . the global banking & finance awards recognise the leading financial institutions from around the world , that excel not only regionally but also globally .
“the financial recovery process with the use of money of the banking sector consolidation fund can be divided into two stages , whose implementation is estimated to take six to eight months , after that the bank will be able to work fulfilling all statutory requirements . for comparison : the process of bailout based on the loan mechanism ( used earlier by the central bank ) can last from 10 to 15 years , ” the authority said .