Otkritie FC Bank

Bank Otkritie Financial Corporation
Native name
ПАО Банк «Финансовая Корпорация Открытие» (Банк «ФК Открытие»)
FormerlyNOMOS-Bank
Company typePublic Joint-Stock Company
LSEOFCB, MCXOFCB
IndustryBanking
FoundedDecember 15, 1992; 31 years ago (1992-12-15)[1]
Headquarters,
Key people
Mikhail Alekseev (CEO)[2]
ServicesFinancial services
Revenue$3.76 billion[3] (2017)
$758 million[4] (2016)
$22.4 million[4] (2016)
Total assets$40.3 billion[4] (2016)
Total equity$3.46 billion[4] (2016)
OwnerVTB Bank
RatingBa3 (Moody's), BB− (S&P) (2017)[5]
Websiteopen.ru

PJSC "Bank Otkritie Financial Corporation"[6] or Otkritie FC Bank (Russian: Банк «ФК Открытие», translates as opening or discovery) is one of Russia's largest full-service commercial banks.[7] It has more than 440 offices of different formats in Russia.[8] It was co-founded by Igor Finogenov, now CEO of the Eurasian Development Bank.[9]

Otkritie Bank ranked 1st among privately owned banks and 4th by assets among banking groups in Russia.[10] In August 2017, Otkritie was bailed out by the Central Bank of Russia,[11] at a cost to the state of over $8 billion.[12] The central bank later described Otkritie's capital as "largely fictitious".[13]

  1. ^ "Справочник по кредитным организациям - Банк России". www.cbr.ru.
  2. ^ "Zadornov to leave Otkritie Bank on Jan 1, former UniCredit head Alekseyev to be nominated as new CEO". interfax.com. 2022-12-22.
  3. ^ "Рейтинг крупнейших компаний России по объему реализации продукции". Expert RA. Archived from the original on 28 October 2018. Retrieved 28 October 2018.
  4. ^ a b c d https://cdn.open.ru/storage/files/FS_2016_ENG.pdf. {{cite web}}: Missing or empty |title= (help)
  5. ^ "Рейтинг банков - 2017 (таблица)". Forbes.ru. 23 March 2017. Archived from the original on 23 May 2017. Retrieved 1 May 2017.
  6. ^ "Bank Otkritie". www.open.ru.
  7. ^ "Bank Otkritie".
  8. ^ https://www.open.ru/en/about[permanent dead link]
  9. ^ "Игорь Финогенов: "Я продолжаю быть банкиром"". Archived from the original on 2008-06-24. Retrieved 2008-08-25. (in Russian)
  10. ^ "Based on Interfax – CEA ranking in accordance with RAS financial statements as of March 31, 2016". Archived from the original on 8 November 2016. Retrieved 8 November 2016. {{cite journal}}: Cite journal requires |journal= (help)
  11. ^ "Russia, in one of biggest bailouts in its history, rescues Otkritie bank". CNBC. 30 August 2017. Retrieved 30 September 2018.
  12. ^ Voronova, Tatiana. "Russia's Otkritie Bank calls for more central bank backing". Reuters. Retrieved 30 September 2018.
  13. ^ Seddon, Max. "The secret VTB stake that helped lead to Otkritie's downfall". Financial Times. Retrieved 30 September 2018.