Question 1

What is FINAM Bank?

Accepted Answer

FINAM Bank is a privately-owned universal bank based in Russia that operates as part of the FINAM Investment Holding group. As a full-service financial institution, the bank offers retail banking, corporate banking, and investment banking services to both individual and business clients.

Licensed by the Central Bank of the Russian Federation (license No. 2799), FINAM Bank has positioned itself as a medium-sized universal bank with a diversified service portfolio. The bank is a member of Russia's mandatory deposit insurance system and is approximately 99.89% owned by FINAM Investment Company JSC.

Question 2

When was FINAM Bank founded?

Accepted Answer

FINAM Bank was originally founded in 1994 as Megavatt-Bank (AKB Megavatt-Bank). During its early years, the bank primarily served enterprises in the energy sector.

In 2004, the bank was acquired by FINAM Holdings, one of Russia's largest brokerage firms. Following the acquisition, it was renamed FINAM Investment Bank in 2006, marking its transformation into a broader financial services institution.

The bank obtained its securities market license in 2000, allowing it to conduct brokerage, dealer, and depository activities. In 2015, the bank was reorganized as a joint-stock company (Aktsionernoye Obshchestvo).

Question 3

Where is FINAM Bank headquartered?

Accepted Answer

FINAM Bank is headquartered in Moscow, Russia, specifically at Nastasinsky Pereulok, 7, Building 2, Moscow, 127006. The bank's head office is located in the Central Federal District of Moscow, positioning it at the heart of Russia's financial center.

Question 4

Where does FINAM Bank operate?

Accepted Answer

FINAM Bank operates primarily throughout Russia, with a particular focus on Moscow and the Moscow region. The bank maintains an extensive regional network with internal structural divisions across 45 regions of Russia.

The bank's operational infrastructure includes 6 additional offices, 33 credit and cash offices, and 1 operational office distributed across various Russian cities. The bank also participates in the Unified Settlement System, providing clients with access to a broader network of service points throughout the country.

Question 5

What services does FINAM Bank offer?

Accepted Answer

FINAM Bank offers a comprehensive range of banking services for both retail and corporate clients.

For individual clients:
• Deposit accounts and savings accounts with competitive interest rates
• Bank cards (VISA and MasterCard)
• Loans and credits, including loans secured by securities and real estate
• Currency exchange operations without commission
• Remote banking services through internet banking and mobile applications
• Depository services
• Insurance programs

For corporate clients:
• Settlement and cash services (RKO)
• Foreign economic activity (VED) support
• Corporate deposits
• Business lending
• Currency control services
• Salary projects
• Acquiring services
• Remote banking for entrepreneurs with demo access

Digital banking services:
• FinamBank mobile application for iOS (web-version) and Android
• Internet banking platform for account management
• Card-to-card transfers
• Online currency conversion at market rates

The bank also provides professional securities market services, including brokerage, dealer, and depository activities under separate licenses issued by the Federal Service for Financial Markets.

Question 6

What makes FINAM Bank unique?

Accepted Answer

FINAM Bank distinguishes itself through its unique position within the FINAM Investment Holding ecosystem, which is one of Russia's largest retail brokerage firms. This connection provides the bank with specialized expertise in investment banking and securities-backed lending.

The bank was among the first commercial banks in Moscow to offer loans secured by securities in 2007, demonstrating its innovative approach to financial services. This early-mover advantage in securities-backed financing reflects its deep integration with capital markets.

FINAM Bank emphasizes a client-oriented approach focused on providing individualized solutions and high-quality customer service. The bank's product offerings are designed to have optimal consumer qualities while maintaining a diversified service portfolio.

As part of a broader financial services group, FINAM Bank benefits from synergies with sister companies including FINAM Investment Company (brokerage services), FINAM Management (asset management), and FINAM FOREX, creating a comprehensive financial services ecosystem for clients.

Question 7

What type of financial institution is FINAM Bank?

Accepted Answer

FINAM Bank is classified as a universal bank (универсальный банк) under Russian banking regulations. In Russia, a universal bank holds a universal banking license that entitles it to perform the full range of banking operations specified in Russian banking law.

This classification means FINAM Bank can conduct all types of banking activities, including accepting deposits from individuals and legal entities, extending loans, opening and maintaining bank accounts, conducting currency operations, and providing payment services. The bank holds a universal banking license issued by the Central Bank of the Russian Federation, allowing it to operate with both rubles and foreign currencies.

The universal bank designation differentiates FINAM Bank from institutions with basic licenses or non-bank credit institutions, which have more limited operational scopes under Russian banking regulations.

FINAM Bank

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About FINAM Bank in Russia