Rosbank
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| Public | |
| Traded as | MCX: ROSB |
| Founded | 1993 |
| Headquarters | Moscow, Russia |
| Products | Financial Services |
| Parent | Société Générale |
| Website | www.rosbank.ru |
Rosbank (Russian: Росбанк) is a Russian universal bank whose majority shareholder is the international financial group Société Générale. As of December 2014, Rosbank's assets are the 12th among Russian banks.
Legally, Rosbank is registered as a (PJSC) and headquartered in Moscow. On 1 July 2011 Rosbank merged with another Russian subsidiary of Société Générale, Banque Société Générale Vostok (BSGV). Strategy of Societe Generale Group is basic on further improvement of client service and maintenance of leadership in innovation, capturing growth through business development, increased synergies, and delivery of sustainable profitability.
Founded in 1993 under the name of AKB Nezavisimost (Independence), the legal status of the bank has evolved several times (1994: TOO, 1996: ZAO).
In September 1998, Interros holding company bought the bank and renamed it to Joint Commercial Bank (JCB) "Rosbank". In 1999 the bank's legal status changed to Open Joint Stock Company (OJSC).
In 2003 Rosbank acquired “OVK” banking group, having considerably enlarged the bank network. The cost of deal was USD 200 mln.
In 2006 Societe Generale acquired 20% of Rosbank with an option to purchase an additional package of 30% +2 shares for USD 1.7 bln till the end of 2008. This option was exercised in February 2008.
In February 2010 shareholders of Rosbank agreed to consolidate Societe Generale assets in Russia, Rosbank, Bank Société Générale Vostok (BSGV) and two other entities: DeltaCredit and Rusfinance Bank. In January 2011 DeltaCredit and Rusfinance became 100% subsidiaries of Rosbank.
On 1 July 2011 Rosbank, merged with BSGV. The joint bank has kept the name “Rosbank”, well-known to the clients. The new bank’s logo is red-and-black square with a white stripe – the symbol used by the Group in all countries of its presence. “Societe Generale Group” endorsement line also refers to the belonging to the Group.
In 2011 Rosbank launched a rebranding program to be finalized in 2013. The replacement of outlet signage started in autumn 2011 accompanied by an advertising campaign to support the new brand. On 9 August 2011 the first outlet designed according to the new corporate style was opened.
The new bank’s website was launched: the website was constructed with the idea to present the information in the most comfortable way for the client. The site was designed in compliance with the new corporate style of the unified Rosbank.
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