Russia bank
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| Public company | |
| Industry | Financial services |
| Founded | 1990 |
| Headquarters | Saint Petersburg, Russia |
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Key people
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Dmitri Lebedev, CEO Yury Kovalchuk, Board chairman |
| Products | Financial services |
| Website | www.abr.ru |
The Rossiya Bank (Bank Rossiya, in Russian: Акционерный коммерческий банк Россия, АКБ Россия) is a Russian joint stock bank founded on June 27, 1990. The company's headquarters are in Saint Petersburg.
In 1990, the CPSU committee of the Leningrad Oblast became its largest shareholder (48.4%), but after the coup attempt in August 1991 the bank's activity was frozen as it was CPSU-related.
In December 1991 its activity was resumed, as the shares had been redeemed by some member ventures of the Leningrad Association of Joint Ventures, shares of which were held by Vladimir Yakunin, Yuriy Kovalchuk, Mikhail Markov, Viktor Myachin, Andrei Fursenko, Sergey Fursenko, Yury Nikolayev. From 1998 to 2000 OCG Organized Crime Gang Tambov Gang leaders Gennady Petrov and Sergei Kuzmin each owned 2.2% of bank shares, and they were represented at meetings by Andrei Shumkov, who sat on the Bank's board of directors from 1998 to 2000 (as the Vedomosti business newspaper reported). In 1998 and 1999, 14.2% of Rossia's stock belonged to the St Petersburg firms Ergen, Forward Ltd and Fuel Investment Company (TIK), all associated with Mr Shumkov. Mr Shumkov and Mr Kuzmin owned Ergen, while BKhM and Finance Petroleum Company, both affiliated with Mr Kuzmin and Mr Petrov, were TIK co-owners.
As of January 1, 2005, its major shareholders were Yuriy Kovalchuk with 37.6%, Nikolay Shamalov with 9.7%, Dmitry Gorelov with 9.7% and the Severstal group with 8.8%.
As of 2006, its major shareholders were Yuriy Kovalchuk (30.4%), Dmitry Gorelov (12.58%), Nikolay Shamalov (12.58%), JSC Transoil CIS (9.54%), JSC Severstal Group (7.15%), JSC Accept (3.93%) – owned by grandson of Vladimir Putin's uncle Michael Shelomov, JSC Relax (3.65%), "Assistance to Business Initiatives" Non-Commercial Enterprise (3.08%), Russian Federal Property Fund (2.93%).
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Wikipedia