OREANDA-NEWS. March 11, 2010. The Bank of Moscow announces that it has completed its USD 750 million issue of 6.699% notes due 2015 off of its programme for the issuance of loan participation notes.


The Bank of Moscow is one of the leading universal commercial banks in the Russian Federation ranking number 5 in terms of assets and capital. It is also the 3rd largest deposit taker in the country.

As of 30 September 2009 the Group’s assets according to IFRS were RUB 814 bln, with the gross loan portfolio being RUB 528.9 bln.

The Bank of Moscow was established in 1995 and has since been majority-owned by the city government. Presently the Bank is controlled by the city, which owns 48.11% directly and 15.28% indirectly, through Capital Insurance Group (List of Bank of Moscow's major shareholders).

Strong client confidence and brand recognition contribute a lot to expansion of customer base in both retail and corporate areas. Currently, The Bank of Moscow provides services to over 100,000 corporate clients and over 9 million private customers. Among its corporate clients are major enterprises of various sectors of economy and SMEs.

With 396 offices, the Bank’s branch network covers practically all major economic centers of the country from St Petersburg and Kaliningrad in the West to Vladivostok and Yuzhno-Sakhalinsk in the East. As of 1 February 2010 apart from 138 offices in Moscow and the Moscow region, the Bank operated 258 points-of-sale across the country. The Bank also delivers services to individuals at 474 Moscow based postal offices.

The Bank owns 5 foreign subsidiary banks: BM Bank (Kiev, Republic of Ukraine), Bank Moscow-Minsk (Minsk, Republic of Belarus), AS Latvijas Biznesa Banka (Riga, Latvia), AS Eesti Krediidipank (Tallinn, Estonia) and Bank of Moscow j.s.c. — Belgrade (Republic of Serbia). The Bank also has a representative office in Frankfurt am Main, Germany.

The Bank of Moscow’s Processing Center is certified by Visa International and MasterCard and has a wide network of ATMs (over 1800 units). The Bank issued over 13 mln plastic cards.

The Bank of Moscow’s high reliability has been confirmed by international rating agencies. The Bank’s long-term credit rating has been affirmed at Baa1 by Moody’s Investors Service and at BBB- by Fitch Ratings.