Absolut Bank
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Steps Of Development

2018 - 2019
  • Implementation of new business strategy with focus on high-technology development in priority business segment
  • Strategic partnership focused on providing full-format services for companies of Russian Railways holding
  • Development of a digital online service for issuing guarantees to SMEs
  • Increase of Bank capital by RUB 6 billion in August 2018 and another RUB 6 billion in April 2019 via additional ordinary shares issues
  • Financial rehabilitation of PAO BALTINVESTBANK since 2015
  • Absolut Bank launched online service – issue of bank guarantee for participants of state and public procurement
  • Development of a new technological platform Bank 3.0
  • Absolut Bank issued additional ordinary shares increasing the capital by RUB 5 billion
  • The Bank started the procedure for Baltinvestbank financial rehabilitation, within which it performed a series of measures aimed to analyze the assets and business processes of the bank under recovery and to increase performance of its divisions.
  • Absolut Bank increased its authorized capital by RUB 1.211 billion through placing uncertified registered ordinary shares
  • Absolut Bank settled the transaction on securitization of its mortgage portfolio. Documentary non-convertible interest-bearing mortgage-backed bonds in bearer form were placed by public offering at the Moscow Exchange. The issue amounted to RUB 4.964 bn.
  • The Bank continued to participate in the governmental program for mortgage loan subsidy. Absolut Bank entered the Top-10 by the amount of granted mortgage loans.
  • Absolut Bank received the National Bank Award in nomination “Bank of people’s trust”
  • Absolut Bank became a participant of the governmental program for mortgage loan subsidy
  • The Bank received federal loan bonds for RUB 6 billion from the Deposit Insurance Agency under the state capitalization support program
  • Absolut Bank increased its equity by RUB 3 billion through placing uncertified registered ordinary shares within an additional issue
  • The merger of Absolut Bank and KIT Finance Investment Bank completed
  • The Bank opened its first premium office for affluent customers in Moscow under the new brand – Absolut
  • Private Bank
  • Absolut Bank was included into the list of banks for investing strategic state corporations’ funds
  • The Bank raised a syndicated loan for USD 90 million
  • Acquisition of Absolut Bank by structures of NSPF "Blagosostoyanie" – a major non-governmental pension fund of Russia
  • The Bank was included into the governmental list of banks for opening accounts on state contracts
  • Absolut Bank successfully placed two issues of mortgage backed securities for a total amount of RUB 16.5 billion
  • Launch of new product: consumer loans
  • Launch of new products: credit cards, endowment life insurance, unallocated bullion account
  • The Bank received the award of the Association of Russian Banks in nomination “High Customer Service Quality”
  • Bank launched Bundles (recognized as the best product on the market by the RBC magazine)
  • For a high quality of international settlements Absolut Bank was granted STP-Awards 2011
  • Bank entered the TOP-5 asset management companies
  • Absolut Bank was assigned with Principal Member status in Visa International S.A. payment system
  • The Bank joined the All-Russian ATM and Cash Points Network “Unified Settlement System” (ORS)
  • Absolut Bank and the Agency for Housing Mortgage Lending (OAO AHML) signed the agreement on issuing mortgage backed securities with the surety of the Agency
  • Absolut Bank entered the Top-10 among reliable banks according to Forbes journal
  • Absolut Bank increased its capital by RUB 9.8 billion through issuing 50 million of ordinary shares
  • Ministry of Finance of the Russian Federation put the Bank in the list of authorized banks on placing budget temporary surplus funds
  • Absolut Bank joined the list of banks on which sureties loans of the Bank of Russia could be secured
  • Absolut Bank issued bonds to the total amount of RUB 10 billion
  • Absolut Bank became a member of a large European financial group – ÊÂÑ Group
  • Regional network of the Bank doubled. It included 72 market outlets in 24 regions of the country
  • Fitch affirmed Russia's Absolut Bank at 'B' with stable outlook
  • Under IFC’s Global Trade Facilitation Program Absolut Bank’s line was increased up to USD 40 million
  • The Bank successfully placed USD 10 million tranche under its USD 200 million Short Term Note Programme
  • Absolut Bank’s shareholders’ equity increased by USD 60 million
  • Absolut Bank successfully placed two-year RUB 1 billion bond issue on MICEX (Moscow Interbank Currency Exchange)
  • The Bank successfully placed its debut dollars denominated Loan Participation Notes in the amount of USD 150 million. The volume of eurobonds issue increased up to USD 200 million by additional issue
  • Absolut Bank joined the IFC’s Global Trade Finance Program Absolut Bank and successfully placed 3rd tranche under its USD 100 million Short Term Note Programme
  • The Bank attracted its debut one-year syndicated loan for total amount of RUB 1 093 700 000
  • Absolut Bank signed USD 120 million Syndicated Loan Agreement arranged by EBRD
  • The Bank made an extension of credit line up to USD 100 million within the framework of the EBRD Trade Facilitation Program
  • EBRD and Absolut Bank signed USD 10 million Loan Agreement to finance the development of small business in Russia
  • RZB Group prolonged and extended Trade Related Finance Facility up to USD 75 million
  • Absolut Bank and BSTDB concluded USD 15 million Loan Agreement
  • The Bank and Nordic Investment Bank signed EUR 10 million Loan Agreement
  • Absolut Bank attracted subordinated loan from DEG for the total amount of USD 20 million
  • The Bank attracted USD 20 million loan from National Bank
  • Absolut Bank increased its total capital by attracting two subordinated deposit from its shareholders of USD 15 million and USD 20 million
  • Fitch upgraded the Bank’s IDR rating to "Â" (from "B-") and National Long-term rating to "ÂÂÂ" (from "ÂÂÂ-") with stable outlook
  • Moody’s changed outlook on the Bank’s B1/E+ ratings from stable to positive and assigned B1 rating to its eurobonds issue
  • International Finance Corporation (IFC) became the shareholder of Absolut Bank. Member of the World Bank Group comprised 7.5% of the Bank’s capital
  • Active regional network development of the Bank, offices launched in Saint Petersburg and cities of Moscow region
  • Absolut Bank’s headquarters moved to its own building on Tsvetnoy Boulevard, historical part of Moscow
  • The Bank registered USD 100 million Short Term Note Programme and successfully placed first tranche for USD 12,5 million and second tranche for USD 25.5 million
  • Absolut Bank successfully attracted second USD 25 million syndicated loan arranged by COMMERZBANK AG and RZB Group
  • The Bank signed USD 52 million Trade Related Finance Facility Agreement
  • IFC and Absolut Bank have signed Multi Project Facility Agreement
  • EBRD increases Bank’s guarantee exposure up to USD 35 million
  • KfW and Absolut Bank signed the Loan Agreement that provided USD 10 million credit facility for 7 years to refinance Bank’s SME portfolio
  • Export Import Bank of India extended credit line to the Bank up to USD 10 million
  • The Fitch agency changes Absolut Bank’s outlook to positive and upgrades National Long-term rating from «BB+» to «BBB-»
  • The Bank was first rated by MOODY’S
  • The Independent ING Advisory consultants published the Review of AML procedures of Absolut Bank, its compliance with international standards and the implementation of those procedures throughout the Bank
  • Absolut Bank became a participant of the State Deposit Insurance System
  • The Bank successfully attracted first USD 10 million syndicated loan arranged by Raiffeisen Zentralbank Osterreich AG, Vienna
  • The Fitch agency assigned the National Long-term ratings to Absolut Bank and updated its international ratings
  • The Bank issued and successfully placed on the domestic market its debut 500 million rouble 2-years bond
  • EBRD included Absolut Bank into SME lending program given USD 10 million limit for 4 years
  • EBRD increased Bank’s limit under Trade Facilitation Program up to USD 20 million
  • HERMES, Germany approved guarantee of two 5-years transactions of Absolut Bank’s customers for total amount EUR 8.6 million and USD 3.5 million
  • SACE, Italy approved guarantee of two 5-years transactions of the Bank’s customers for total amount EUR 0.8 million and USD 0.6 million
  • Absolut Bank signed Mandate Letter with IFC with intention to attract US$15 million for 8 years for refinancing of the mortgage program
  • The Bank sponsored the Russian Banking Forum in Milan, September 2004
  • In cooperation with the business newspaper "Vedomosti" Absolut Bank organized a public Conference "Import of goods & equipment, optimization of financing schemes"
  • Absolut Bank attracted USD 5 million subordinated loan for 10 years from its shareholders
  • The Bank became the 11th Russian bank included to EBRD Trade Facilitation Program
  • The Central Bank of Russia registered the 11th and 12th share issues of Absolut Bank for total amount USD 15 million
  • The Fitch international agency assigned the first international rating to the Bank
  • Launch of VISA card services
  • Absolut Bank obtained Central Bank’s General license for banking operations
  • The Bank obtained a general license from the Ministry of Economic Development and Trade for export of refined gold
  • State Customs Committee included Absolut Bank in the list of organizations-guarantors in favour of customs bodies
  • The Bank attracted USD 5 and USD 2 million subordinated loans for 10 years from its shareholders
  • The Central Bank of Russia registered the 9th and 10th share issues of Absolut Bank for total amount USD 10 million
  • Absolut Bank joined VISA international payment system
  • Internet trading was offered for the Bank’s customers
  • Absolut Bank obtained license for performing dealing, brokerage and trust management activities
  • The Bank obtained license for depository activities
  • PriceWaterhouseCoopers was appointed as Absolut Bank's auditor
  • Absolut Bank concluded agreement with the Central Bank of Russia to deal on the GKO-OFZ securities market
  • The Bank joined the National Currency Association
  • Absolut Bank obtained license for operations involving precious metals
  • The Bank joined Moscow Interbank Currency Exchange (MICEX)
  • Absolut Bank joined the National Association of Stock Market Participants (NAUFOR)
  • The Bank obtained professional securities market participant license
  • Absolut Bank obtained license for direct correspondent relations with foreign banks
  • The Bank began to attract retail deposits and conduct bank transactions in rubles and foreign currency
  • Absolut Bank began operations using Reuters Dealing system
  • The Bank registered its Depositary
  • Absolut Bank obtained Central Bank’s license to perform foreign currency transactions
22 APRIL 1993
  • The Central Bank of the Russian Federation registered a new financial and credit institution – Absolut Bank – under registration number 2306 and granted the License to perform banking transactions in local currency