Gazprombank
Gazprombank (Russian: Газпромбанк), or GPB (JSC), is a private-owned Russian bank, the third largest bank in the country by assets.
Native name | Газпромбанк |
---|---|
Type | Public company |
Industry | Financial services |
Founded | 1990 |
Headquarters | , |
Key people | Andrey Akimov (CEO) Alexei Miller (Chairman) |
Products | Financial services |
Revenue | 392,479,000,000 Russian ruble (2017) |
RUB 185.5 billion[1] (2019) | |
RUB 44.585 billion[1] (2019) | |
Total assets | RUB 6.582 trillion[1] (2019) |
Total equity | RUB 722.2 billion[1] (2019) |
Owners | Gazprom (46.02%) (2019)[1] |
Number of employees | 12,700 (2013) |
Subsidiaries | Gazprom-Media |
Rating | Ba2 (Moody's), BB+ (S&P), BB+ (Fitch) (2017)[2] |
Website | www |
The bank’s principal business areas are corporate banking, retail banking, investment banking and depository services. Its banking activities also include securities trading, foreign exchange operations, precious metals operations, clearing operations and settlement services.
The bank has a distribution network of 43 branches and over 260 banking outlets located throughout the Russian Federation. GPB also has ownership interests in three other Russian banks. In addition, Gazprombank is represented in the markets of Belarus and Switzerland through ownership interests in two foreign banks: Belgazprombank (Belarus) and Gazprombank (Switzerland) Ltd. Gazprombank also has representative offices in Mongolia, China and India.
History
In August 2005, it purchased Gazprom Media, the largest Russian media holding, which includes the NTV channel and Izvestia newspaper, from the bank's parent company Gazprom.
The bank was nominated in 2014 for the annual Emerging Market Bond Awards, hosted by EuroWeek.[3]
In July 2014, the United States Department of Treasury imposed sanctions on Gazprombank OAO that prohibit U.S. citizens from providing it with new financing.[4] In response, Gazprombank contracted former U.S. Senator Trent Lott to lobby on its behalf against the sanctions.[5]
Management
As of December 2011:
Chairman of the Board of Directors
- Alexei Miller (Chairman, Deputy Chairman of Gazprom, Chairman of the Management Committee of Gazprom, CEO of Gazprom, former Deputy Minister of Energy of Russia)
Chairman of the Management Board
- Andrey Akimov (Chairman of the Management Board)
List of affiliated persons of Gazprombank (as of December 31, 2011):[6]
Subsidiaries
- Credit Ural Bank (Russia)
- GPB-Mortgage (Russia)
- Evrofinance Mosnarbank (Russia)
- Belgazprombank (Belarus)
- Areximbank (Armenia)
- Gazprombank (Switzerland) Ltd. (Switzerland)
- GPB International S.A. (Luxembourg)
- Gazprom-Media
- GPB Financial Services Limited
References and notes
- "Gazprombank releases financial results for 2019, with net income at RUB 44.6 bn in accordance with International Financial Reporting Standards (IFRS)". Gazprombank. 2020-03-24.
- "Рейтинг банков - 2017 (таблица)". Forbes.ru. 23 March 2017. Retrieved 1 May 2017.
- Barnett, Ryan. "Gazprombank shortlisted by EuroWeek for 'Deals of the Year 2013'". CISTRAN Finance. 1/29/14. Retrieved 2/5/14.
- U.S. Department of Treasury. "Announcement of Treasury Sanctions on Entities Within the Financial Services and Energy Sectors of Russia, Against Arms or Related Materiel Entities, and those Undermining Ukraine's Sovereignty" 7/16/2014. Retrieved 7/31/2014.
- Cohen, Alexander (September 2, 2014). "Russian bank hires two former U.S. senators". Center for Public Integrity. Archived from the original on September 15, 2014. Retrieved September 21, 2014.
- "Information in Russian from the official web site of Gazprombank)" (PDF). Archived from the original (PDF) on 2012-09-07. Retrieved 2012-02-01.