The Russian Regional Development Bank (RRDB) was established with active state participation.
The status of the bank is specified in Decree N905 of the Government of Russia dated 7 September 1995 “On Foundation of the Russian Regional Development Bank”. RRDB was registered with the Bank of Russia on 27 March 1996.
Today, RRDB is a credit organization developing dynamically, a universal banking institution providing a full range of financial services. Rosneft Oil Company is the main shareholder and strategic partner of the Russian Regional Development Bank. This is the largest public oil company in the world on account of the volume of its proved oil reserves. According to its balance sheet figures, RRDB is the most stable and reliable domestic bank. For the last few years it has been part of a group of leading banks through the guarantees of which credits of the Bank of Russia may be granted. All deposits in RRDB are insured in accordance with the Federal Law “On Insurance of Deposits of Individuals in the Banks of the Russian Federation”.
Each year RRDB consolidates its financial position further. This is reflected in the ratings awarded by specialized publications and Russian rating agencies. Moody’s, the world leading rating agency, confirms the RRDB current ratings, including its financial stability rating. The agency reported satisfactory liquidity, growing performance indicators, and good potential for business expansion.
RRDB main program is to launch and serve the international cards Visa International and MasterCard Worldwide. The Bank has its own processing center and offers to its customers the most up-to-date banking products based on advanced information technology.
RRDB considers the particularities of its customers’ business and offers a flexible and individual approach to all. The Bank’s trademark lies in the professionalism of its employees and managers at all levels. It is precisely this professionalism that has allowed long collaborations between the Bank and the largest Russian companies such as Rosneft Oil Company, International Airport Sheremetevo, Magnitogorsk Iron and Steel Works, Russian Oil Company, Volgaburmash, and many others.
The Russian Regional Development Bank is an active participant on the Russian market of corporate bonds and constantly features among the largest investment institutions on account of the number of its bond programs.
By increasing its business, the Russian Regional Development Bank has become an interregional banking group consisting of RRDB and the Far Eastern Bank , one of the largest regional banks with its headquarters in Vladivostok. Within the group RRDB and FEB act as two powerful banking centers serving the western and eastern part of Russia, respectively.
The Russian Regional Development Bank takes an active part in the organization of cultural, social and sport events, as well as in sponsorships and charities. The Bank is a member of social and professional organizations such as the Association of Regional Banks of Russia, Association of Economic Cooperation of Constituent Entities of the Russian Federation of the Central Federal District Central Black Earth, Russian Business Club of Asian Pacific Economic Cooperation (APEC), Russian National Committee for Pacific Economic Cooperation (RNCPEC), Board of Regents of the Moscow State University Lomonosov.