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Absolut Bank


Absolut BankThe Bank was established by private shareholders in 1993 and today has IFC participance in its capital. Our clients are medium and small enterprises, as well as middle class individuals. Absolut Bank provides wide range of corporate and retail banking services in 13 Russian region through 43 offices including Moscow and Moscow region, St. Petersburg, Ufa, Omsk, Chelyabinsk, Kazan. By the end of 2008 Bank is going to launch more than 80 offices in 20 Russian regions.

Absolut Bank is leader in the Trade Finance market in the segment of medium-sized Russian businesses and was awarded by EBRD as Most Active Russian Bank in Trade Facilitation Program 2006. The Bank's stable growth in general as well as positive results in corporate lending and trade finance in particular can be attributed to a high achievements in International Market. In 2007 Absolut Bank joined KBC Group that is one of the largest financial group in Europe.

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Headquarters:Moscow, Russia
Address:127051, Moscow, Tsvetnoy Boulevard, 18
Phone:(495) 7777171
Web:www.absolutbank.com
Modified: 03.10.2007 | Inform about a mistake



Financial & Banking News


Financial & Banking News


Credit Suisse launches global credit business - 13.03.2008
Credit Suisse has combined its leveraged finance and investment grade businesses under a new group called the global credit business unit as part of its plan to align businesses across its global securities division.
Citigroup revamps mortgage business - 07.03.2008
Citigroup Inc. is cutting residential mortgage assets by $45bn and costs by $200m at the same time that Merrill Lynch discontinues origination at First Franklin, a sub-prime mortgage company the bank bought two years ago.
Ultra-rich Middle East investors target Russia - 06.03.2008
Russian hedge fund Pharos Financial claims it will raise more than $1bn from investors in the United Arab Emirates, Saudi Arabia and the other Gulf states.
Societe Generale fights back with internal "hackers" - 19.02.2008
Societe Generale is setting up an internal team of "hackers" to stress-test its information technology and risk management systems as part of a €50m bank-wide initiative to tighten its risk controls after falling victim to a trading scandal.
Mainland banks boost assets 20 percent - 14.02.2008
Mainland banks increased their overall assets by 20 percent last year with midsized joint-stock institutions leading the sector, according to China Banking Regulatory Commission data released yesterday.
Goldman bolsters MoneyGram bailout - 13.02.2008
Goldman Sachs is providing $500m in debt to troubled US payments company MoneyGram International as the investment bank raises the largest mezzanine fund to date and demand grows for this type of financing.


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