Question 1

What is Perm Bank?

Accepted Answer

Perm Bank is a regional commercial bank operating in the Perm region of Russia. Founded as one of the first commercial banks in the post-Soviet era, it specializes in serving local businesses and individual clients. The bank focuses on conservative banking practices, maintaining approximately 50% of its assets in highly liquid form.

As a regional player, Perm Bank concentrates on providing personalized service to small and medium-sized enterprises in the Perm region. The bank operates with a single main office and maintains stable financial performance without aggressive expansion strategies.

Question 2

When was Perm Bank founded?

Accepted Answer

Perm Bank's history traces back to 1977, when it began as the Lenin District Branch of Gosbank USSR. In 1988, it became the Lenin District Branch of Promstroibank USSR. On November 13, 1990, the bank was officially established as Central Commercial Bank "Perm" by a meeting of founding shareholders.

The bank was created on the basis of the Lenin District Branch of Promstroibank USSR. Its founders consisted of large industrial and construction enterprises in Perm. Initially located on the first floor of a residential building at 190 Bolshevistskaya Street (now Yekaterininskaya Street), the bank later moved to its own purpose-built banking facility.

Question 3

Where is Perm Bank headquartered?

Accepted Answer

Perm Bank is headquartered at 10 Kuibyshev Street, Perm, 614015, Russia. The bank completed construction of its own banking building and relocated to this address from its original location. This purpose-built facility serves as both the headquarters and the bank's primary office.

The bank operates from a single location rather than maintaining a network of branches, which aligns with its focus on serving the local Perm market.

Question 4

Where does Perm Bank operate?

Accepted Answer

Perm Bank operates exclusively in the Perm region of Russia, with its primary focus on the city of Perm and surrounding areas. As a regional bank, it has deliberately chosen to concentrate on serving local businesses and residents rather than expanding geographically.

The bank's regional focus allows it to maintain close relationships with local enterprises and provide personalized banking services tailored to the needs of the Perm market.

Question 5

What services does Perm Bank offer?

Accepted Answer

Perm Bank provides a comprehensive range of retail and commercial banking services. For individual clients, the bank offers deposits, consumer loans with credit calculators for preliminary calculations, currency exchange, and international money transfers. The bank issues debit cards under the national MIR payment system, including standard and payroll cards.

For business clients, Perm Bank provides settlement and cash services with fast payment processing, cash operations including collection services, and SMS notifications. The bank offers business lending through credit programs and overdraft facilities, bank guarantees, and foreign exchange operations. Corporate clients can also place funds in deposit accounts with various terms and interest rates.

Digital banking services include the iBank2 system, implemented in January 2020, which allows clients to manage accounts through web browsers or mobile applications on major platforms. The bank supports payments through the Fast Payment System (SBP) using QR codes. Additional services include safe deposit box rental for storing valuables and documents.

Question 6

What makes Perm Bank unique?

Accepted Answer

Perm Bank distinguishes itself through its conservative, stability-focused approach to banking. The bank has never once failed to fulfill its obligations on time and has consistently operated profitably throughout its entire existence. All earnings remain within the bank for development, evidenced by current equity exceeding 640 million rubles despite authorized capital of only 800,000 rubles.

The bank maintains approximately 50% of its assets in highly liquid form, prioritizing financial stability over aggressive growth. This conservative credit policy means the bank doesn't chase inflated performance indicators or conduct aggressive advertising campaigns. Since its founding, the bank has been self-sufficient, relying exclusively on its own resources without external financial support.

Perm Bank developed its own computer programs and technologies in-house during the 1990s, establishing its position in the plastic card market with its proprietary "OptimumCard" payment cards and processing system. This commitment to technological independence continues today with the modern iBank2 digital banking system.

Question 7

What type of financial institution is Perm Bank?

Accepted Answer

Perm Bank is a joint-stock commercial bank (акционерное общество) with a basic license from the Central Bank of Russia. Registered with the Central Bank on November 22, 1990, with registration number 875, the bank holds a basic license (issued November 8, 2018) to conduct banking operations in rubles and foreign currency, including the right to attract deposits from individuals.

As a regional commercial bank, Perm Bank operates under Russian banking regulations and is a participant in the deposit insurance system, providing protection for individual depositors. The bank serves both retail customers and corporate clients, though its primary focus is on serving small and medium-sized businesses in the Perm region. This positions it as a universal regional bank with conservative banking practices typical of Russian regional credit institutions.

Question 8

What is Perm Bank's regulatory status?

Accepted Answer

Perm Bank holds registration number 875 with the Central Bank of Russia and operates under Bank Identification Code (BIC) 045773756. The bank is registered as OGRN 1025900000510 with tax identification number (INN) 5902300033.

The bank is a participant in Russia's deposit insurance system, providing coverage for individual depositors according to federal law. Perm Bank has received credit ratings from Russian rating agencies, with Expert RA confirming a "ruB" rating with a stable outlook, reflecting its position as a reliable regional banking institution.

Question 9

What are Perm Bank's key milestones?

Accepted Answer

Throughout its history, Perm Bank has achieved several significant milestones. In 1995, the bank began issuing plastic cards and, thanks to its proprietary information system, increased its client base three to four times. By 2005, it had established itself as a highly reliable regional bank and joined the deposit insurance system.

In 2011 and 2012, the bank introduced voice and SMS notification services for clients. By 2015, Perm Bank achieved its strategic goal of increasing equity capital to 500 million rubles and began issuing Visa international payment system cards. In 2018, the bank received a basic license from the Central Bank of Russia.

In 2020, Perm Bank launched the modern iBank2 remote banking system and became an associate member of the national MIR payment system, issuing its first MIR payment cards in March 2020. The bank also served as an authorized bank by the Ministry of Finance for lending to small business entities under the government's financial support program for small businesses.

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About Perm Bank in Russia