September 21, 2014 4:06 AM ET

Banks

Company Overview of Gazprombank (Open Joint - stock Company)

Company Overview

Gazprombank (Open Joint - stock Company) provides commercial banking and investment services for corporate and private clients. The company offers cash management services, including bank accounts, electronic banking, material and notional cash pooling, treasury, transaction monitoring, authorizations, budget control, transaction reconciliation, cash collection, documentary operations, and payment; financing solutions comprising bills and promissory notes, leasing, factoring, lending, precious metals financing and trading, foreign trade, capital markets, syndicated loans, and project and structured finance; depository services to perform credit and pledge, REPO, brokerage, dealer, and other ...

63, Novocheremushkinskaya Street

Moscow,  117418

Russia

Founded in 1990

Phone:

7 4959 13 74 74

Fax:

7 4959 13 73 19

Key Executives for Gazprombank (Open Joint - stock Company)

Chairman of Management Board and Deputy Chairman
Age: 61
Deputy Chairman of the Board of Management and Chief Financial Officer
Age: 45
Head of Asset Management and First Vice President
Deputy Chairman of the Management Board and Chief Risk Officer
Chief of Administration
Compensation as of Fiscal Year 2014.

Gazprombank (Open Joint - stock Company) Key Developments

Gazprombank Reports Earnings Results for the First Half of 2014

Gazprombank reported earnings results for the first half of 2014. For the period, the company saw net profit to International Financial Reporting Standards (IFRS) fall 78.7% in the first half of 2014 to RUB 2.61 billion compared to RUB 12.4 billion for the same period a year before. Net interest income was up 32.6% year-on-year at RUB 47.24 billion. Total comprehensive income was RUB 3.3 billion against RUB 11.5 billion a year ago. Net interest and fee income (before allowance for impairment), increased by 28.2% as compared to the first half of 2013, having reached RUB 52.3 billion against RUB 40.8 billion in the previous year. The share of the core banking business revenue in operating income increased to 84.7%.

Bashneft Shares' Arrest Can Lead To Merger

The arrest of shares of Joint Stock Oil Company Bashneft (MICEX:BANE) can result in Gazprombank (Open Joint-stock Company) merging with another firm, Gazprombank said in a research note. “The course of events can lead to a new wave of concerns that one of Russian companies may acquire Bashneft's controlling stake," Gazprombank said, adding that no official information on the restriction on deals with Bashneft's shares has been released. Previously, media reported that Open Joint Stock Company Rosneft Oil Company (LSE:ROSN) wanted to buy Bashneft and was valuing Bashneft. Later Igor Sechin, Rosneft Chief Executive Officer, said that Rosneft did not plan to buy Bashneft.

Gazprombank Approves Dividend for the Year 2013; Approves the Election of Kirill Dmitriev to the Board of Directors

Gazprombank announced that at the Annual Meeting of the company, the stock holders approved the allocation of RUB 6,623,714,790 or RUB 270 per ordinary share for payment of dividend for the year 2013. The company’s shareholders also approved the election of Kirill Dmitriev, General Director, Russian Direct Investment Fund to the board of Directors of the company.

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