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History of Development

1992 — 1993 

  • The Central Bank of the Russian Federation registers Limited Liability Partnership Commercial bank Petrocommerce (registration number 1776); 
  • The Bank obtains the General Banking Licence.

1993 — 1997 

  • The Bank expands its influence within the financial community and develops business processes; 
  • The Bank enters the bank card market, creates its own network of ATMs and processing centres; 
  • Bank Petrocommerce becomes an associate member of Visa International and is further upgraded to the principal member.

1998 — 1998 

  • The Bank becomes the primary banking institution for LUKOIL; 
  • Audited financial statements are prepared in accordance with both Russian and international standards; 
  • Vladimir Nikitenko is appointed the Bank's President; 
  • The Bank enters the main trading floors of the money and stock market — the MICEX and RTS.

2000 

  • The Bank is re-registered as an open joint-stock company; 
  • Bank Petrocommerce becomes the authorised bank of the Russian Federation State Customs Committee; 
  • The Bank is assigned a credit rating by Standard & Poor's; 
  • The Bank ranks among the top 30 largest Russian banks in terms of the main financial indicators.

2002 

  • The Bank starts issuing customs cards for settlements and payments of customs duties at the customs outlets; 
  • Bank Petrocommerce ranks among the world's top thousand banks in terms of equity by The Banker.

2003 

  • The Bank is assigned a credit rating by Moody's Investors Service; 
  • The Bank starts issuing cards of MasterCard Int.

2004 

  • 65 per cent of the Bank's shares is acquired by IFD Kapital.

2005 

  • The Agency of Deposit Insurance includes the Bank in the register of the mandatory deposit insurance system members under number 420.

2006 

  • The Bank is assigned the status of an authorised bank of the Government of Moscow; 
  • The Bank is authorised by MasterCard to acquire Master and Maestro cards; 
  • IFD Kapital increases and consolidates its stake in the Bank to over 87 per cent.

2007

  • Bank Petrocommerce divests 100% of BC UNIBANK S.A. (Moldova).

2008 

  • the Board of Directors approves the Development Strategy of Bank Petrocommerce for 2008-2012; 
  • the Central Bank of the Russian Federation issues a licence for operations with precious metals; 
  • the Bank's authorised capital is increased to RUR 6,000,000,000 by way of additional issue of ordinary registered shares in book-entry form, bringing the actual stake of IFD Kapital Group in the Bank to 88.68 per cent; 
  • Expert RA assigns the highest rating of A.rm to the Bank's risk management system based on its certification of risk management systems of Russian banks.

2009 

  • International and Russian rating agencies affirm the credit ratings of Bank Petrocommerce;
  • The General Meeting of Shareholders approves an increase in the Bank’s share capital by RUR 0.7 bln to RUR 6.7 bln by way of an additional issue of ordinary registered shares in book-entry form;
  • The Bank successfully redeems its international obligations for the total amount of US$ 756 mln and a rouble denominated bond issue in the amount of RUR 3 bln;
  • The Bank makes a successful placement of 3 rouble denominated bond issues for the total amount of RUR 11 bln;
  • The Bank enters new regions — the Bashkortostan Republic and the Komi Republic — and strengthens its existing positions on the local regional markets;
  • Bank Petrocommerce is included in the list of financial institutions allowed to provide settlement services to project companies within the framework of the federal programme of development of nanotech industries.