Question 1

What is Bank Zarechye?

Accepted Answer

Bank Zarechye is a regional commercial bank operating in Russia with a universal banking license. The bank is headquartered in Kazan, Republic of Tatarstan, and ranks as a mid-sized financial institution in the Russian banking sector. With approximately 5.96 billion rubles in assets, Bank Zarechye holds the 339th position among Russian banks by asset size.

The bank focuses primarily on serving corporate clients, particularly in the real sector of the economy. Its client base is characterized by a predominance of corporate and legal entities, with strong ties to industrial manufacturing enterprises in the Tatarstan region.

Question 2

When was Bank Zarechye founded?

Accepted Answer

Bank Zarechye traces its origins to 1940 when a local subdivision of the Soviet Gosbank (State Bank) was established in Kazan to serve local industrial producers. The bank transformed into a commercial banking institution in 1990, receiving its banking license on November 16, 1990, from the Central Bank of the Russian Federation with registration number 817.

Two years after its commercial establishment, in 1992, the bank was reorganized as a joint-stock company. This transition reflected the broader reforms in the Russian financial sector following the dissolution of the Soviet Union and the emergence of private commercial banking in Russia.

Question 3

Where is Bank Zarechye headquartered?

Accepted Answer

Bank Zarechye is headquartered at Luknitskogo Street 2, Kazan, 420032, Republic of Tatarstan, Russia. Kazan serves as one of Russia's largest industrial and financial centers and is the capital of Tatarstan, strategically positioned in the Volga economic region.

In addition to its head office in Kazan, the bank maintains two additional offices and one operational cash desk within the city, ensuring comprehensive coverage of the local market.

Question 4

Where does Bank Zarechye operate?

Accepted Answer

Bank Zarechye operates primarily within the Republic of Tatarstan and select regions in central Russia. The bank's network includes its main presence in Kazan, along with a branch in Orel (Oryol Oblast) and an operational office in Livny, also located in Oryol Oblast.

The bank previously maintained a representative office in Moscow, which was closed in October 2020, and another in Yalta. As of recent reports, the bank operates five ATMs across its network, primarily concentrated in Tatarstan.

Question 5

What services does Bank Zarechye offer?

Accepted Answer

Bank Zarechye provides comprehensive banking services to both corporate and retail clients. For corporate clients, the bank offers cash management and settlement services, corporate lending, letters of credit and guarantees, foreign exchange services, and remote banking services (DBO - distance banking operations). The bank has been granted the right to issue bank guarantees, having been included in the Central Bank's register of banks authorized for this activity.

For individual clients, Bank Zarechye offers deposit accounts, currency exchange services, precious metals sales, bank card issuance and servicing (payment cards), personal safe deposit boxes, and consumer lending. The bank also provides online banking platforms enabling clients to manage accounts and conduct transactions remotely.

The bank holds a special license for attracting deposits and conducting transactions involving precious metals, issued on November 15, 2002, adding a distinctive service offering to its portfolio.

Question 6

What makes Bank Zarechye unique?

Accepted Answer

Bank Zarechye's distinctive characteristic is its strong focus on supporting the real sector of the economy, particularly industrial enterprises in Tatarstan. The bank maintains close relationships with major industrial companies in the region, most notably through its shareholder structure.

The bank's major shareholders include PJSC Kazansky Vertoletny Zavod (Kazan Helicopter Plant - KVZ), which directly owns 16.23% of shares, with affiliated companies collectively controlling a significant portion of the bank's equity. This connection to one of the world's largest helicopter manufacturers and a key defense industry enterprise positions Bank Zarechye as a specialized financial partner for aerospace and industrial manufacturing sectors.

The bank is a participant in the Russian Deposit Insurance System (DIS registration certificate no. 32 as of October 1, 2004), providing depositor protection up to 1.4 million rubles per depositor. Additionally, Bank Zarechye engages in charitable activities, supporting cultural, social, and educational institutions in the regions it serves.

Question 7

What type of financial institution is Bank Zarechye?

Accepted Answer

Bank Zarechye is classified as a universal bank with a full banking license issued by the Central Bank of the Russian Federation. In the Russian banking system, universal banks are authorized to provide a complete range of banking services, including retail and corporate banking, foreign exchange operations, and investment activities.

The bank operates as a joint-stock company (Акционерное общество - JSC) with a registered capital of 1,000,008,750 rubles. Its universal license status, as distinguished from a basic license, permits Bank Zarechye to engage in all types of banking operations without restrictions, including international transactions, correspondent banking relationships, and operations with precious metals. This classification positions the bank as a full-service financial institution capable of serving diverse client needs across multiple segments of the Russian banking market.

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About Bank Zarechye in Russia