Question 1

What is Bank IPB?

Accepted Answer

Bank IPB (Interprogressbank) is a universal commercial bank operating in Russia, specializing in serving enterprises of the real sector of the Russian economy and individual clients. With over 50 years of banking experience, the institution holds a universal banking license from the Central Bank of Russia (License No. 600) and serves approximately 2,000 active corporate clients alongside retail customers.

The bank operates a network of 7 branches and maintains its own ATM network across the Moscow region and St. Petersburg, positioning itself as a mid-sized regional player in the Russian banking market.

Question 2

When was Bank IPB founded?

Accepted Answer

Bank IPB was originally founded on March 7, 1973, as the Krasnogvardeiskoye Branch of Gosbank USSR (State Bank of the USSR) in Moscow. The institution underwent several significant reorganizations reflecting changes in Russia's banking system.

In January 1988, following Soviet banking reforms, it was reorganized into the Krasnogvardeiskoye Branch of Zhilsotsbank USSR. On October 26, 1990, it was transformed into the Commercial Bank for Economic and Social Development "Interprogressbank" and received its current banking license (No. 600) from the Bank of Russia, marking its transition to a commercial banking institution. The bank was officially registered as a commercial entity on December 8, 1993.

Question 3

Where is Bank IPB headquartered?

Accepted Answer

Bank IPB is headquartered in Moscow, Russia, at Starokashirskoye Highway, 2, Building 1, Structure 1, Moscow, 115201. The head office is located in the Nagатино-Садовники municipal district in southern Moscow.

The bank also maintains a significant regional presence with its branch office in St. Petersburg at Prospect Medikov, 9, Letter B, Room 24N.

Question 4

Where does Bank IPB operate?

Accepted Answer

Bank IPB operates primarily in the Moscow region and St. Petersburg. The bank's geographic footprint includes its head office in Moscow and a network of 7 branches strategically located across these key Russian markets.

Specifically, the bank maintains offices in Moscow (including locations in Lobnya, and multiple divisions on Izmailovskoye Highway), as well as its registered branch in St. Petersburg. The bank's ATM network is similarly concentrated in these metropolitan areas, serving customers in Russia's two largest cities and their surrounding regions.

Question 5

What services does Bank IPB offer?

Accepted Answer

Bank IPB offers a comprehensive range of banking services for both corporate and retail clients. For corporate clients, services include settlement and cash operations, corporate lending (particularly to enterprises in trade, transport, metallurgy, chemical and construction industries), payroll project support, acquiring and collection services, foreign currency transfers, factoring, and leasing services.

For individual clients, the bank provides consumer and mortgage loans, deposit accounts in rubles and foreign currency, card-to-card transfers, letters of credit, safe deposit boxes, and insurance products including investment life insurance. The bank also offers brokerage and depositary services for securities market operations.

Digital banking services are delivered through the IPB-Online platform, available as both a web-based internet banking system and mobile applications for iOS and Android devices. These digital channels enable customers to manage accounts, make payments and transfers, open deposits, exchange currency, pay bills, and access account statements 24/7 from anywhere in the world.

Question 6

What makes Bank IPB unique?

Accepted Answer

Bank IPB distinguishes itself through its specialized focus on serving the real sector of the Russian economy, with a particularly strong relationship with contractors working with Russian Railways (RZD). The bank has developed deep expertise in financing enterprises with impeccable credit histories and financial discipline, including state-funded enterprises.

The bank's longevity is notable—having operated continuously for over 50 years through multiple transformations of Russia's banking system, from the Soviet era through modern commercial banking. This history has enabled the bank to build a reputation for stability and reliability while maintaining a manageable scale.

Bank IPB emphasizes a client-oriented approach with individualized service, flexible pricing policies, and comprehensive support for long-term business relationships. The institution participates in Russia's deposit insurance system and maintains capital adequacy ratios significantly above regulatory requirements, providing a substantial margin for covering banking risks.

Question 7

What type of financial institution is Bank IPB?

Accepted Answer

Bank IPB is a universal commercial bank (универсальный кредитно-финансовый институт) operating under a universal banking license issued by the Central Bank of Russia. In the Russian banking classification system, this status allows the institution to conduct the full spectrum of banking operations for both legal entities and individuals, in both rubles and foreign currencies.

The bank is structured as a joint-stock company (акционерное общество - AO), which is the standard corporate form for larger commercial banks in Russia. As a universal bank, it combines retail banking, corporate banking, and investment services under one license, distinguishing it from specialized financial institutions with more limited scopes of activity. The bank is also a licensed professional participant in the securities market with depositary, dealing, and brokerage licenses.

Bank IPB

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About Bank IPB in Russia