October 25, 2014 8:11 AM ET

Banks

Company Overview of Open Joint Stock Company Orient Express Bank

Company Overview

OJSC Orient Express Bank provides various banking products and services in the Russian Federation. The company operates in four segments: Retail Banking, Corporate Banking, Mortgage Lending, and Treasury Operations. The Retail Banking segment offers deposit taking and lending services to individuals and individual entrepreneurs; money transfer and foreign exchange services; and settlement and cash management services. The Corporate Banking segment provides deposit taking and lending services to corporate clients, and small and medium enterprises; and settlements, cash management, and cash collection services. The Mortgage Lending segment issues loans to the owners of certain types of residen...

22, Frunze Street

Khabarovsk,  680000

Russia

Founded in 1991

10,651 Employees

Key Executives for Open Joint Stock Company Orient Express Bank

Chairman of Management Board
Finance Director
Chief Accountant and Member of Management Board
Deputy Director of the Treasury Department
Age: 42
Director of the Far-Eastern Branch Office and Member of the Management Board
Compensation as of Fiscal Year 2014.

Open Joint Stock Company Orient Express Bank Key Developments

Open Joint Stock Company Orient Express Bank Proposes to Revise Bylaws

Open Joint Stock Company Orient Express Bank proposed to revise bylaw on compensations paid to members of the board of directors.

Open Joint Stock Company Orient Express Bank, Special/Extraordinary Shareholders Meeting, Sep 26, 2014

Open Joint Stock Company Orient Express Bank, Special/Extraordinary Shareholders Meeting, Sep 26, 2014. Agenda: To approve the determination of the procedure of holding the general shareholders' meeting; to approve the increase of the charter capital via placement of additional stocks; and to approve the revised Bylaw on compensations paid to members of the Board of Directors.

Orient Express Bank Announces Earnings Results for the First Half of Fiscal 2014

Orient Express Bank announced earnings results for the first half of fiscal 2014. For the six months, the company announced its IFRS net loss amounted to RUB 3.4 billion. This is nearly 10x higher than the loss reported for the same period of 2013 value of RUB 363 million. The bank explained its net loss by the higher cost of risk and rising NPLs. The bank’s net interest income came to RUB 17.33 billion. Upon credit portfolio devaluation provisions a net interest loss of RUB 2.5 billion emerged.

Recent Private Companies Transactions

Type
Date
Target
Private Placement
September 26, 2014
--
Merger/Acquisition
November 12, 2013
--
Merger/Acquisition
November 12, 2013
--
 

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To contact Open Joint Stock Company Orient Express Bank, please visit www.express-bank.ru. Company data is provided by Capital IQ. Please use this form to report any data issues.

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