Finance

International Industrial Bank

The Bank was founded in 1992 and is currently one of Russia’s biggest private banks. The bank group, which also includes the specialized retail Bank М+ and People’s Bank of the Republic of Tyva, carries out all of the general banking transactions, including servicing of private and corporate clients, investment bank services, commerce funding and asset management.

International Industrial Bank is one Russia’s biggest banks by the size of its own capital and assets.
As of January 1, 2007, the Bank capital amounted to RUR 35,599.8 mln (about US$ 1,370 bn), as determined in accordance with the IAS

In The Banker’s rating, International Industrial Bank is the 369th in the world and the 5th in Russia by capital size.
The Bank ranks the 7th in the list of the biggest banks of Central and Eastern Europe.
As of January 1, 2007, the Bank’s assets increased by RUR 22,968.5 mln against the assets size at the beginning of the previous year (the increase was 30.16%) and came to total RUR 99,101.6 mln, as determined in accordance with the IAS.
The Bank’s net profit increased by 13.5% up to RUR 3,808.3 mln.

International Industrial Bank has been given the following ratings of three major international agencies: Standard & Poor’s (B+), Moody’s (B1), Fitch (B).

The main tasks of the bank group of International Industrial Bank are as follows:

to become one of Russia’s top five banks by market capitalization,
to increase the group’s share of the key segments of the banking market,
to aggressively develop its retail business, which is strategic line of IIB group business,
to retain and strengthen its positions on the corporate business market,
to increase its share of the small/medium business servicing sector,
to establish an extensive branch network.

The Bank stakes on the domestic market with great business opportunities, which are due to low penetration of banking services, large size of population and growing number of small and medium enterprises. Banking sector development is encouraged by favorable macroeconomic situation and high indicators of growth of Russia’s GDP.