FUNDSERVICEBANK Plc is one of Russian top-100 banks. The Bank was established in July 1994 (General License No. 2989 of the Bank of Russia). Shareholders of the Bank are Korolyov Energia; Proton – Permskiye Motory (affiliated with Khrunichev Centre); Glushko Energomash; Reshetnyov Satellite Information Systems; STK Soyuz and RostVertol.

The Bank’s core business constituency comprises space ship and satellite producers, aircraft makers and other companies involved in aerospace programmes and activities. The Bank has high profile in international trade finance operations. The Bank participates in programmes for development and support of the small- and medium-sized business. FundServiceBank also is extending its presence on domestic retail market. FundServiceBank is a member of the Federal Deposit Insurance System since 2004.

The steady growth pace of FundServiceBank reflects its ample development potential, which is reflected in increasing resources, broadening customer segments, offering new products and expansion of branch network. The quality performance supports a strong position of the Bank within banking industry.

The international rating agency Moody's Investors Service has recently updated FundServiceBank’s global scale ratings, confirming B3 deposit rating and E+ financial strength rating (FSR) with stable outlook. A Russian rating institution, National Rating Agency, has upgraded the Bank’s stability and credibility rating up to A+. Another independent Russian rating agency RusRating has raised FundServiceBank’s stability and credibility rating up to BB. The Forbes magazine regularly places FundServiceBank among the top-100 of most stable and sound Russian banks.

The Bank’s financial statements according to International Standards of Financial Reporting have been audited by PriceWaterhouseCoopers since 2004.

FundServiceBank is diversifying its business in three directions: first, making new relationships in high-tech and related sectors; second, extending financial services to other industries and economy spheres (construction, oil and gas, agriculture, timber, small science-based venture companies, small- and medium-sized business); third, expanding the volume of retail banking. Diversification and flexible policies should help to meet current challenges and to reduce exposure to risks.

A special concern of the Bank are lendings and financial services for technological re-equipment of domestic industry. Some of Bank’s trade finance arrangements are specially tailored for the manufacturing companies which are in process of modernising their equipment, technologies and production facilities. FundServiceBank, together with subsidiaries of STK Soyuz group, has designed a unique financial product – TurnKey Finance, a comprehensive package of commercial and financial services integrated into a single operative programme.

In trade finance operations the Bank closely cooperates with the export credit agencies, such as HERMES and AKA Export Finance Bank (Germany), ExImBank (USA), SACE (Italy), EDC (Canada), EGAP (Czech Republic), EKN (Sweden), Finnvera (Finland) etc.
The Bank operations are supported by well-established correspondent relationships within Russia, in CIS countries and overseas. Our key correspondent partners abroad are Commerzbank, Deutsche Bank Trust Company Americas, Bank of China, Raiffeisen Zentralbank, Nova Ljubljanska Banka, UBI, Intesa Sanpaolo and some others.

FundServiceBank’s network includes six branches: in St. Petersburg, Archangel, Rostov-on-Don, Novocherkassk, and two else in space centres – Baikonur (Kazakhstan) and in Mirny (newly opened branch at Plesetsk Space Centre, Archangel region). Most branches have their own clusters of local offices in their areas.

FundServiceBank is always open for cooperation. Actually, building new business relationships is one of our products. And maximising the value of our relationships gives us a lot of market advantages. We benefit from the knowledge we gain from customers and strategic partners. And, reciprocally, accumulated knowledge allows us to offer them the right solution in right moment in any situation.