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Gazprombank

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Gazprombank
Native name
Газпромбанк
TypePublic company
IndustryFinancial services
Founded1990; 32 years ago (1990)
Headquarters,
Key people
Andrey Akimov (CEO)
Alexei Miller (Chairman)
ProductsFinancial services
Revenue392,479,000,000 Russian ruble (2017) Edit this on Wikidata
Increase RUB 229.1 billion[1] (2020)
Increase RUB 56.0 billion[1] (2020)
Total assetsIncrease RUB 7.530 trillion[1] (2020)
Total equityIncrease RUB 739.3 billion[1] (2020)
OwnersGazprom (46.02%) (2019)[2]
Number of employees
12,700 (2013)
SubsidiariesGazprom-Media
RatingBa2 (Moody's), BB+ (S&P), BB+ (Fitch) (2017)[3]
Websitewww.gazprombank.com

Gazprombank (Russian: Газпромбанк), or GPB (JSC), is a private-owned Russian bank, the third largest bank in the country by assets. Since November 2014, Yuri Shamalov's Gazfond is its largest shareholder.

The bank’s principal business areas are corporate banking, retail banking, investment banking and depository services. Its banking activities also include securities trading, foreign exchange operations, precious metals operations, clearing operations and settlement services.

The bank has a distribution network of 43 branches and over 260 banking outlets located throughout the Russian Federation. GPB also has ownership interests in three other Russian banks. In addition, Gazprombank is represented in the markets of Belarus and Switzerland through ownership interests in two foreign banks: Belgazprombank (Belarus) and Gazprombank (Switzerland) Ltd. Gazprombank also has representative offices in Mongolia, China and India.

History

Gazprombank in the Novocheremushkinskaya Street office block, Moscow
Gazprombank in the Novocheremushkinskaya Street office block, Moscow

In August 2005 for 37.22 billion rubles, Gazprombank purchased Gazprom Media, the largest Russian media holding, which includes the former Media Most holdings of Vladimir Gusinsky including the Sem Days publishing house, Echo of Moscow, both the NTV channel and NTV Plus, and Izvestia newspaper, from the bank's parent company Gazprom.[4] After Gazprom-Media took over "Media Most" in 2000, Gazprom-Media received Filipp Bobkov's entire former KGB 5th directorate (Political police) which was responsible for disinformation, control of dissidents, and executions including all of its employees, its database and the Filipp Bobkov founded security service that was accused of attempting an assassination in 1994 of Boris Berezovsky.[5][6] The entire archive of 5th KGB Main Directorate was taken to Media-Most.[7]

In 2012, OJSC Gazprom owned a 41.73% stake in Gazprombank and NPF Gazfond owned a 46.92% stake in Gazprom.[4][8] Most of the stake in Yuri Shamalov's Gazfond is managed by Anatoly Gavrilenko's Lider Management which is part of the SOGAZ insurance group which, until March 2014, was controlled by the Vladimir Putin associated Rossiya Bank which has Yuri Kovalchuk as its largest shareholder.[4][8][9] In March 2014 Rossiya bank sold its indirect control of Lider to Gasfond which has a 45% stake in Lider.[8] As of November 2014, Gazfond is the largest shareholder of Gazprombank which controls Gazprom Media.[4][8]

The bank was nominated in 2014 for the annual Emerging Market Bond Awards, hosted by EuroWeek.[10]

In July 2014, the United States Department of the Treasury imposed sanctions on Gazprombank OAO that prohibit U.S. citizens from providing it with new financing.[11] In response, Gazprombank contracted former U.S. Senator Trent Lott to lobby on its behalf against the sanctions.[12]

On February 24, 2022, US President Joe Biden announced sanctions against Gazprombank and other Russian financial institutions in response to Russia's invasion of Ukraine.[13]

In August 2022, the state capitalized Gazprombank by 50 billion rubles at the expense of the Russian National Wealth Fund. The authorized capital of the bank increased to 246.85 billion rubles. Now the state owns a share of 36.44%.[14]

Changes (deaths) in the leadership team (2022)

On January 29, 2022, Leonid Shulman, the head of the Gazprom-invest transport service, was found dead.[15]

On February 25, 2022, Alexander Tyulyakov, Deputy General Director of the Unified Settlement Center of Gazprom, was found dead in a noose.[16]

On March 2, 2022, Igor Volobuev, Vice President of Gazprombank, fled Russia to move to his native Ukraine, having been born in Okhtyrka, Sumy.[17] Since he arrived in Kiev he stated that his life was in danger, and that the death of Vladislav Avayev was not a murder suicide, but an assassination.[18] He has also joined the Ukrainian territorial defense in an effort to 'wash off' his Russian past.[19]

On April 18, 2022, former Gazprombank vice-president Vladislav Avayev was found dead from gunshot wounds in his Moscow apartment, along with his wife and daughter, in an apparent murder-suicide.[20] Volobuev considers the death of Vladislav Avayev an assassination.[18]

References and notes

  1. ^ a b c d "Gazprombank releases financial results for 2020, with net income at RUB 56 bn in accordance with International Financial Reporting Standards (IFRS)". Gazprombank. 2021-03-31.
  2. ^ "Gazprombank releases financial results for 2019, with net income at RUB 44.6 bn in accordance with International Financial Reporting Standards (IFRS)". Gazprombank. 2020-03-24.
  3. ^ "Рейтинг банков - 2017 (таблица)". Forbes.ru. 23 March 2017. Retrieved 1 May 2017.
  4. ^ a b c d "Как создавался и развивался "Газпром-медиа холдинг": Досье" [How Gazprom-Media Holding was created and developed: Dossier]. Kommersant (in Russian). 15 February 2012. Archived from the original on 14 February 2012. Retrieved 20 February 2021.
  5. ^ Ideologist for all times, by Felix Shemedlovsky, Russian Vedomosti
  6. ^ Григорьев, Андрей (Grigoriev, Andrei) (28 March 2000). Аполитичный Гусинский[permanent dead link]. Apolitical Gusinsky. (in Russian). «Компания» — деловой еженедельник (Company). Archived from the original on 12 February 2012. Retrieved 15 January 2021.
  7. ^ Ideologist for all times, by Felix Shemedlovsky, Russian Vedomosti, A slightly different version
  8. ^ a b c d Grey, Stephen; Bergin, Tom; Musaieva, Sevgil; Anin, Roman (26 November 2014). Woods, Richard (ed.). "Comrade Capitalism the Kiev Connection: Sidebar Graphic Gazprombank". Reuters. Moscow/Kyiv. Retrieved 20 February 2021.
  9. ^ Belton, Catherine (30 November 2011). "How Gazprom lost control of Gazprombank". Financial Times. Archived from the original on 20 February 2021. Retrieved 20 February 2021.
  10. ^ Barnett, Ryan. "Gazprombank shortlisted by EuroWeek for 'Deals of the Year 2013'". CISTRAN Finance. 1/29/14. Retrieved 2/5/14.
  11. ^ U.S. Department of Treasury. "Announcement of Treasury Sanctions on Entities Within the Financial Services and Energy Sectors of Russia, Against Arms or Related Materiel Entities, and those Undermining Ukraine's Sovereignty" 7/16/2014. Retrieved 7/31/2014.
  12. ^ Cohen, Alexander (September 2, 2014). "Russian bank hires two former U.S. senators". Center for Public Integrity. Archived from the original on September 15, 2014. Retrieved September 21, 2014.
  13. ^ "FACT SHEET: Joined by Allies and Partners, the United States Imposes Devastating Costs on Russia". The White House. 24 February 2022. Retrieved 25 February 2022.
  14. ^ "ГПБ набрал капитал" (in Russian). Kommersant. 2022-08-08.
  15. ^ Топ-менеджера «Газпром инвеста» нашли мертвым в коттедже в Ленобласти
  16. ^ Нехороший поселок
  17. ^ Michael Elgort (April 26, 2022). "Another Vice President of Gazprombank Igor Volobuev". LiveUAmap. Retrieved April 26, 2022.
  18. ^ a b Вице-президент Газпромбанка Игорь Волобуев уехал в Киев
  19. ^ Sophia Ankel (April 27, 2022). "Ukrainian-born Gazprombank exec says he fled Russia to fight for his country and 'wash off' his Russian past". Yahoo News. Retrieved April 27, 2022.
  20. ^ Miriah Davis (April 20, 2022). "Ex-Kremlin official Vladislav Avayev, 51, found dead alongside wife, daughter inside their multi-million dollar apartment". SkyNews. Retrieved April 27, 2022.
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Gazprombank
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