Joint stock commercial bank - Bank of Moscow (open joint stock company) is one of the leading Russian financial institutions, which offers its customers a full range of banking services. The Bank of Moscow was established in 1995 at the initiative of the Government of the City of Moscow as an open joint-stock company. The Moscow Government and its related entities own a 59,37% share in the bank's equity. Since December 2004 the bank's shares are traded on the Moscow Interbank Currency Exchange (MICEX).
As on May 1, 2007 the Bank's assets amounted to RUB 411.49 bn (equiv. of USD 16.02 bn), shareholders' equity stood at RUB 46.90 bn (equiv. of USD 1.83 bn). The capital adequacy ratio was 13.3% (According to the Russian Accounting Standards). The Bank of Moscow ranks forth largest among the Russian banks in terms of assests.