ZENIT Banking Group

ZENIT Banking Group was formed in 2005 as a result of the ZENIT Bank acquiring a controlling stake in JSB Devon-Credit (OJSC), now called JSB Devon-Credit (PJSC). Devon-Credit is one of the leaders in the retail and corporate banking services market in the Republic of Tatarstan.

In 2007, OJSC Lipetskcombank (PJSC Lipetskcombank) and OOO CB Sochigazprombank (now JSC ZENIT Bank Sochi) joined the Banking Group. In December 2008, Spiritbank was incorporated into the Group, now PJSC Spiritbank (Tula).

According to the consolidated financial statements of the Banking Group for 6 months of 2018 by IFRS standards, the Banking Group capital, calculated in accordance with the requirements of the Basel Committee, amounted to RUB 33.8 billion as of June 30, 2018, while the Group’s assets amounted to RUB 248.1 billion.

The ZENIT Banking Group was represented in 25 of the 85 regions of the Russian Federation as of October 1, 2018 with the own sales network totaling 155 points. The Group provides a full range of banking services: comprehensive corporate banking services, retail services, private banking services (Private Banking), investment bank services, and interbank business.

The Group has a wide international correspondent network of partner banks, cooperates with more than 100 international institutions in Europe, America and Asia. ZENIT Bank has international r agencies ratings at the level of Ва3 (Moody's), BB (Fitch) and ruА- (RAEX (Expert RA)).