Question 1

What is Service Reserve Bank?

Accepted Answer

Service Reserve Bank (Банк СЕРВИС РЕЗЕРВ) is a Russian commercial bank with a base license operating in Moscow. Established as a joint-stock company, the bank provides a comprehensive range of banking services to both corporate and retail clients. Service Reserve Bank holds multiple licenses from the Bank of Russia, including banking operations licenses and professional securities market participant licenses for brokerage, dealing, and depositary activities.

The bank is registered with the Central Bank of Russia under license number 2034 and participates in the Russian deposit insurance system, providing protection for individual depositors.

Question 2

When was Service Reserve Bank founded?

Accepted Answer

Service Reserve Bank was founded on August 28, 1992, during the transformative period following the dissolution of the Soviet Union when Russia's banking sector was rapidly expanding. The bank was created by a decision of the founders' general meeting on March 23, 1992.

Originally established as a closed joint-stock company, the bank has operated continuously since its registration with the Bank of Russia. In 2002, the bank updated its organizational structure and naming conventions to align with current Russian Federation legislation.

Question 3

Where is Service Reserve Bank headquartered?

Accepted Answer

Service Reserve Bank is headquartered in Moscow at 22 Sadovaya-Chernogryzskaya Street, Building 3, in the Basmanniy Municipal District. The postal code is 101000.

The headquarters location serves as both the administrative center and the main operational office for the bank's activities.

Question 4

Where does Service Reserve Bank operate?

Accepted Answer

Service Reserve Bank primarily operates in Moscow and surrounding regions of the Russian Federation. The bank maintains its main office in central Moscow and operates additional offices to serve its client base.

For the convenience of major corporate clients, Service Reserve Bank opens operational cash offices directly on client premises. The bank also provides services across Russia through correspondent banking relationships and electronic banking channels.

Question 5

What services does Service Reserve Bank offer?

Accepted Answer

Service Reserve Bank offers a comprehensive portfolio of banking and financial services including:

Banking Services: Account opening and maintenance for individuals and legal entities, ruble and foreign currency deposits (demand and term), lending services, money transfers, cash collection services, foreign currency exchange operations, and electronic money transfer services.

Corporate Services: Corporate account management, operational cash offices on client premises, cash-in-transit services, and specialized services for large corporate clients.

Securities Services: As a licensed professional securities market participant, the bank provides brokerage services, dealing services, and depositary services for clients wishing to trade and hold securities.

Card Services: Bank card issuance and servicing, including card blocking services available through a dedicated hotline.

Question 6

What makes Service Reserve Bank unique?

Accepted Answer

Service Reserve Bank distinguishes itself through its multi-license approach, holding not only traditional banking licenses but also professional securities market participant licenses. This enables the bank to offer integrated banking and investment services under one roof.

The bank's willingness to establish on-site operational cash offices at client premises demonstrates a flexible, client-centric approach to corporate banking services. This service is particularly valuable for large enterprises with significant cash handling needs.

Service Reserve Bank maintains a relatively focused business model, serving select corporate and retail clients rather than pursuing mass-market expansion. The bank has maintained continuous operations since 1992, surviving multiple Russian financial crises.

Question 7

What type of financial institution is Service Reserve Bank?

Accepted Answer

Service Reserve Bank is a universal commercial bank with a base license (базовая лицензия) from the Bank of Russia. In the Russian banking classification system, a base license bank can conduct most standard banking operations including accepting deposits from individuals and legal entities, providing loans, conducting foreign currency operations, and offering payment services.

The bank is also classified as a professional securities market participant, holding active licenses for brokerage, dealing, and depositary activities. This dual status as both a commercial bank and securities market participant makes Service Reserve Bank a diversified financial institution.

Service Reserve Bank

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About Service Reserve Bank in Russia