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Banking

/ Structure / Financial Services / Banking

Chairman of the Executive Board: Andrey Khandruev
Date founded: 1993
Description of activities:
Soyuz - a commercial bank established in 1993, offers the full range of retail, corporate and investment banking services as well as private investment management. Soyuz is one of Russia's largest banks and has a network of more than 40 sales outlets in more than 17 Russian regions and republics.
Site: www.banksoyuz.ru

Soyuz Financial Results (Audited to International Financial Reporting Standards)

31.12.2005 31.12.2006 31.12.2007

Assets, mln rubles 62 821 69 544 91 980

Shareholders’ equity, mln rubles 6 807 9 585 11 717

Net profit, mln rubles 2 790 2 777 1 029

Independent rating agencies and information and analytical centers consistently rank Soyuz among Russia's top banks. The Kommersant Money journal ranked Soyuz 28^th on October 1, 2009, and 42^nd by net assets. The bank's share capital was 4.1 billion rubles, assets - 140.9 billion rubles and equity - 4.7 billion rubles as of November 1, 2009.

The international ratings agency Standard & Poor's has assigned "B-" foreign and local currency issuer ratings, "developing" outlook and a "ruBBB-" national-scale rating to Soyuz.

The bank's main lines of business are retail and corporate banking, investment banking and services for high-income individuals.

The bank is a member of the Deposit Insurance System.

News

28.06.2010

Basic Element Open for Talks on Ingosstrakh

Basic Element (Basel), the majority shareholder of Ingosstrakh, remains open for talks with the insurer's minority shareholders about raising the Generali's stake in the insurer, Interfax reported June 24 referring to Andrei Elinson, deputy CEO of Basel.

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