Question 1

What is AvtoKreditBank?

Accepted Answer

AvtoKreditBank (ООО «АвтоКредитБанк») is a regional commercial bank based in the Republic of Tatarstan, Russia. As a universal banking institution, it specializes in providing comprehensive banking services to both individual and corporate clients in Russian rubles and foreign currencies. The bank operates with a basic license issued by the Central Bank of Russia (License No. 1973) and is a participant in the deposit insurance system, offering protection to retail depositors.

The bank serves clients through a small but focused network, with locations in Kazan and Almetievsk. AvtoKreditBank positions itself as a relationship-focused institution catering to the regional market needs of Tatarstan.

Question 2

When was AvtoKreditBank founded?

Accepted Answer

AvtoKreditBank was registered by the Central Bank of Russia on July 22, 1992, during the early years of Russia's banking sector liberalization. The bank was originally established as Vyatsky Commercial Bank (Вятский коммерческий Банк).

In 2004, the institution underwent a significant rebranding and was renamed to its current name, AvtoKreditBank, reflecting its focus on automotive lending services. This transformation marked a strategic shift toward specializing in auto financing while maintaining universal banking operations.

Question 3

Where is AvtoKreditBank headquartered?

Accepted Answer

AvtoKreditBank is headquartered in Kazan, the capital city of the Republic of Tatarstan, Russia. The head office is located at 16A Albert Kamaliev Avenue, Kazan, 420081.

The bank's leadership is headed by Rafael Shamilevich Shammazov, who serves as Chairman of the Board. The headquarters houses the bank's main operational departments including credit, operations, and administrative functions.

Question 4

Where does AvtoKreditBank operate?

Accepted Answer

AvtoKreditBank operates exclusively within the Republic of Tatarstan, maintaining a compact network of two offices. The main office is located in Kazan, the capital and largest city of Tatarstan.

The bank's second location is in Almetievsk (Альметьевск), an important industrial city in southeastern Tatarstan known for its oil industry. This strategic placement allows the bank to serve both the administrative center and a key industrial region within the republic.

Question 5

What services does AvtoKreditBank offer?

Accepted Answer

AvtoKreditBank provides a comprehensive range of banking services to both retail and corporate clients. For individual customers, the bank offers automotive loans (its specialty), unsecured consumer loans, mortgage lending, loan refinancing, term deposits, and safe deposit box rental services.

Corporate clients have access to business lending, settlement and cash services, foreign exchange operations in cash and non-cash forms, and bank guarantees. The bank also provides remote account management services, enabling clients to conduct banking operations through digital channels.

All services are available in both Russian rubles and foreign currencies, though the bank does not have authorization to conduct operations with precious metals.

Question 6

What makes AvtoKreditBank unique?

Accepted Answer

AvtoKreditBank distinguishes itself through its strong regional focus and specialized expertise in automotive financing within Tatarstan. Despite its name suggesting a narrow focus, the bank operates as a universal institution with diversified services while maintaining deep knowledge of local market conditions.

The bank is owned by a group of individuals connected through family ties, led by the Komarov family (Foat, Alfira, and Riyaz Komarov) who collectively control approximately 78.48% of shares, along with several minority shareholders. This ownership structure provides stability and long-term commitment to the regional market.

The bank has maintained continuous operations since 1992 and is supervised by the Banking Supervision Service of the Central Bank of Russia. Its participation in the deposit insurance system since February 17, 2005 (Certificate No. 654) provides additional security for retail depositors.

Question 7

What type of financial institution is AvtoKreditBank?

Accepted Answer

AvtoKreditBank is classified as a bank with a basic license (банк с базовой лицензией) under the Russian banking regulatory framework. This classification was introduced by the Central Bank of Russia in 2018 to differentiate between banks based on their scale of operations and regulatory requirements.

Banks with basic licenses, like AvtoKreditBank, typically focus on traditional banking services and regional markets, with somewhat simplified regulatory requirements compared to banks with universal licenses. The basic license permits the bank to conduct banking operations with funds in rubles and foreign currencies, including accepting deposits from individuals, but without the right to conduct operations with precious metals.

The bank's authorized capital stands at 300 million rubles, established on December 30, 2013, reflecting its solid financial foundation for regional operations.

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