# Uralsib > Mediated Wiki article. Canonical URL: https://mediated.wiki/source/Uralsib > Markdown URL: https://mediated.wiki/source/Uralsib.md > Source: https://en.wikipedia.org/wiki/Uralsib > Source revision: 1323079155 > License: Creative Commons Attribution-ShareAlike 4.0 International (https://creativecommons.org/licenses/by-sa/4.0/) {{Short description|Russian commercial bank}} {{Infobox company | name = Uralsib | traded_as = {{MCX|USBN}} | logo = Logo-bank.JPG | type = [Joint-stock company](/source/Joint-stock_company) | industry = Banking | fate = | predecessor = | successor = | founded = 1993 | founder = | defunct = | hq_location_city = [Moscow](/source/Moscow) | hq_location_country = Russia | area_served = | key_people = | products = | owner = | net_income = RUB 172.589 million (2020){{Cite web|url=https://www.uralsib.ru/upload/iblock/941/USB_IFRS_2020Y_ENG_signed.pdf|title=Public Joint Stock Company "BANK URALSIB". Consolidated Financial Statements. Year ended 31 December 2020|date=2021-04-20}} | assets = RUB 505.592 billion (2020) | equity = RUB 409.196 billion (2020) | num_employees = 10750 | num_employees_year = 2021 | parent = | rating = B2 (Moody's) (2020) B/B (S&P) (2021) | homepage = {{URL|uralsib.ru}} }} '''Uralsib''' ({{langx|ru|ПАО «Банк Уралсиб»}}) is a Russian commercial bank, headquartered in Moscow. According to Russian [Forbes](/source/Forbes), as of 2022, it was one of the country's largest banks with the [net asset value](/source/net_asset_value) of approximately 530 billion rubles.{{cite web |url = https://www.forbes.ru/rating/459867-100-nadeznyh-rossijskih-bankov-2022-rejting-forbes |title = 100 надежных российских банков — 2022. Рейтинг Forbes |author = Елена Тофанюк |language=ru |date = 2022 |work = Forbes.ru |accessdate = April 24, 2022 }} Uralsib is a successor company to Bashcreditbank (since 2001, known as Ural-Siberian Bank){{cite web |url = https://www.kommersant.ru/doc/570609 |title = "Уралсиб" активно слился |author = Ильшат Гайнуллин, Гульчачак Ханнанова |language=ru |date = April 16, 2005 |publisher = Kommersant |accessdate = April 24, 2022 }} founded in 1993 by [Bashkortostan's](/source/Bashkortostan) government.{{cite web |url = https://www.kommersant.ru/doc/3276083 |title = Наследие "Башкредита" |author = Евгений Маврин |language=ru |date = April 20, 2017 |publisher = Kommersant |accessdate = April 24, 2022 }}{{cite web |url = https://www.forbes.ru/profile/80256-bank-uralsib?ysclid=l2d2nr5gx1 |title = Банк Уралсиб |author = |language=ru |date = 2022 |work = Forbes.ru |accessdate = April 24, 2022 }} The bank was created by merging Ural-Siberian Bank and Avtobank-NIKoil in 2005.{{cite news|title=Two Banks Plan Merger After a 'Rigged' Sale|url=http://old.themoscowtimes.com/sitemap/free/2003/11/article/two-banks-plan-merger-after-a-rigged-sale/234901.html|access-date=28 August 2017|work=The Moscow Times}} The latter was [Nikolai Tsvetkov](/source/Nikolai_Tsvetkov)'s company closely affiliated to [LUKoil](/source/LUKoil). In 2013, it employed 19,342 people.{{cite news|title=UralSib Reportedly Planning 20% Staff Reduction|url=https://themoscowtimes.com/articles/uralsib-reportedly-planning-20-staff-reduction-21035|access-date=28 August 2017|language=en}} Uralsib is said to have been "roiled by mismanagement", with its founder Tsvetkov agreeing to step down in 2015 in return for a bailout, as the bank was on the verge of bankruptcy and having its [banking license](/source/banking_license) revoked.{{cite news|title=Russia's Uralsib brought down to earth as bank puts UK unit up for sale|url=http://www.intellinews.com/russia-s-uralsib-brought-down-to-earth-as-bank-puts-uk-unit-up-for-sale-108789/|access-date=6 April 2017|work=bne IntelliNews}} During his time as chairman Tsvetkov became known for his application of [New Age](/source/New_Age) philosophy to company management, which included requiring all employees to read books by a self-help guru and holding spiritual seminars to determine promotions.{{cite news|title=New age beliefs fail to help Russian lossmaking Uralsib bank|url=https://www.ft.com/content/2d65d9d8-4c9b-11e5-b558-8a9722977189|access-date=28 August 2017|work=Financial Times}} An 82% stake in Uralsib was sold to Vladimir Kogan in November 2015 to avoid bankruptcy.{{Cite news|last=|first=|date=4 November 2015|title=Putin Ally Secures $1.3 Billion in Unprecedented Bank Rescue|url=https://www.bloomberg.com/news/articles/2015-11-04/top-30-russian-bank-gets-1-3-billion-rescue-as-kogan-takes-over|archive-url=|archive-date=|access-date=2020-07-22|newspaper=Bloomberg}} As part of a rescue plan, Russia's [Deposit Insurance Agency](/source/Deposit_Insurance_Agency) also agreed to a $224 million rescue package for the bank.{{cite news|title=UPDATE 3-Russian tycoon Kogan takes 82 pct of Uralsib Bank in c.bank rescue|url=https://www.reuters.com/article/bank-uralsib-ma-kogan-idUSL8N12Z2BG20151104|access-date=28 August 2017|work=Reuters|date=2015}} In 2016 Uralsib was ranked as the second least reliable bank in the country by the Russian version of [Forbes](/source/Forbes).{{cite news|title=Кредит доверия: рейтинг надежности банков|url=http://www.forbes.ru/rating/315145-kredit-doveriya-reiting-nadezhnosti-bankov|access-date=6 April 2017|work=Forbes Russia}} In June 2017 [Moody's](/source/Moody's_Corporation) raised the credit rating of Uralsib from Caa1 to B3, reflecting the bank's return to operational profitability.{{cite web|title=Moody's upgrades Bank Uralsib's deposit ratings to B3 from Caa1; outlook positive|url=https://www.moodys.com/research/Moodys-upgrades-Bank-Uralsibs-deposit-ratings-to-B3-from-Caa1--PR_367696|website=Moodys.com|access-date=28 August 2017|date=5 June 2017}} After the death of Vladimir Kogan in 2019,{{cite web |url = https://www.rbc.ru/finances/20/06/2019/5d0b837e9a79474178922624 |title = Умер владелец "Уралсиба" Владимир Коган |author = Юлия Выродова |language=ru |date = June 20, 2019 |publisher = RBC.ru |accessdate = April 24, 2022 }} his shares were inherited by a widow, Lyudmila Kogan. The supervisory board of Uralsib is headed by the eldest son of Vladimir Kogan Yevgeny Kogan.{{Cite web|url=https://www.rbc.ru/finances/16/04/2020/5e989ba69a794704d75fd213|title=Инвестором в рамках санации банка "Уралсиб" стала Людмила Коган|date=2020-04-16|publisher=[RBK](/source/RBK_Group)}} At the end of 2019, the bank reported a net profit of 12.8 billion rubles (approx $170 million) and an increase in capital to 94.3 billion rubles (approx $1.27 billion).{{Cite web|url=https://www.uralsib.ru/company/external-communications/publications/pao-bank-uralsib-soobshchaet-o-rezultatakh-deyatelnosti-za-2019-god-v-sootvetstvii-s-msfo/|title=ПАО "БАНК УРАЛСИБ" сообщает о результатах деятельности за 2019 год в соответствии с МСФО|date=2020-04-22}} At the beginning of 2021, The Banker placed Uralsib on the third line of the Top 50 Russian banks (and on the first line in terms of profitability).{{Cite web|url=https://www.thebanker.com/Banker-Data/Banker-Rankings/Top-50-Russian-Banks-ranking-resilience-tested-by-the-pandemic/|title=Top 50 Russian Banks ranking: resilience tested by the pandemic|date=2021-02-01|publisher=[The Banker](/source/The_Banker)|access-date=2021-02-25|archive-date=2023-04-09|archive-url=https://web.archive.org/web/20230409135425/https://www.thebanker.com/Banker-Data/Banker-Rankings/Top-50-Russian-Banks-ranking-resilience-tested-by-the-pandemic/|url-status=dead}} In April 2021, Uralsib Bank entered the Forbes rating of the best banks in the world; it took 13th place among Russian banks.{{Cite web|url=https://www.forbes.com/worlds-best-banks/#326d2b761295|title=World's best banks|date=2021-04-13|work=Forbes}} In February 2024, the [Bank of Russia](/source/Central_Bank_of_Russia) announced the early termination of measures to prevent the bankruptcy of Uralsib and that the bank’s stable financial position had been restored. Uralsib shares on the [Moscow Exchange](/source/Moscow_Exchange) reacted to this message with a sharp increase (more than 20%).{{Cite web|url=https://www.banki.ru/news/lenta/?id=10999563|title=Акции Уралсиба взлетели после сообщения о завершении оздоровления банка|language=ru|date=2024-02-16|website=Banki.ru}} == Activity == Uralsib Bank has the status of a Principal Member of the international payment systems Visa, Mastercard, American Express, Union Pay and the Russian payment system Mir. Bank "Uralsib" performs the function of a third-party processing center of the PS "Mir".{{Cite web |title=рынок процессинга – технологичный, инновационный, конкурентный |url=https://nbj.ru/publs/rynok-protsessinga-texnologichnyi-innovatsionnyi-konkurentnyi/32539/ |access-date=2022-07-12 |website=nbj.ru |language=ru}} On December 12, 2022, Uralsib completed the purchase of [Citibank](/source/Citibank) retail loan portfolio.{{Cite web|url=https://tass.com/economy/1549511|title=Uralsib Bank closes deal to buy Citibank's retail loan portfolio|website=tass.com|date=2022-12-12}} On July 24, 2023, the Russian credit rating agency NKR upgraded the rating of Uralsib Bank to A.ru with a “stable” outlook. The assessment took into account the bank's high capital adequacy and low risk appetite."[https://www.vbr.ru/banki/yralsib/press/agentstvo-nkr-povisilo-reiting-banka-yralsib-do-aru-so--stabilnim--prognozom/ Агентство НКР повысило рейтинг Банка Уралсиб до A.ru со «Стабильным» прогнозом]". vbr.ru [in Russian]. 23 июля 2023 года. == Sanctions == Uralsib Bank was sanctioned by the United States and the United Kingdom on 24 February 2023 in relation to the [2022 Russian invasion of Ukraine](/source/2022_Russian_invasion_of_Ukraine).{{cite web |title=Targeting Key Sectors, Evasion Efforts, and Military Supplies, Treasury Expands and Intensifies Sanctions Against Russia |url=https://home.treasury.gov/news/press-releases/jy1296 |access-date=25 February 2023}} Increased in December 2023 by the UK to include a prohibition on correspondent banking relationships.{{cite web |title=Financial Sanctions Notice 15/12/2023 |url=https://assets.publishing.service.gov.uk/media/658057fa95bf65000d719226/Notice_Russia_151223.pdf |date=15 December 2023}} Sanctioned by [Canada](/source/Canada) on 22 August 2023 for association with the Putin regime.{{cite web |title=Russian entities from the military-industrial, financial and nuclear sectors Country: Russia |url=https://www.international.gc.ca/world-monde/issues_development-enjeux_developpement/response_conflict-reponse_conflits/crisis-crises/ukraine-sanctions.aspx?lang=eng |date=23 August 2023}} == Management == Board of the bank as of February 2021:{{Cite web|url=https://www.uralsib.ru/company/rukovodstvo/pravlenie/|title=Правление|language=ru|date=2021-06-10}} * Aleksei Sazonov (chairman) * Yevgeny Abuzov * Igor Seleznyov * Galina Sergeeva * Pyotr Petrov * Stanislav Tyves == Honours == * Winner of the award "The best in Russia — companies and persons of the Year" in the nomination "Media Bank" (2021){{Cite web |title=Лауреаты премии «Лучшие в России - компании и персоны года» (2021) |url=http://2021.best.ru/laureaty |archive-url=https://web.archive.org/web/20220105225305/https://2021.best.ru/laureaty |archive-date=2022-01-05 |language=ru}} * Winner of the National Banking Award in the nomination "A bank that values its employees" (2021){{Cite web |date=2021-12-11 |title=Названы имена победителей Национальной банковской премии - 2021 |url=https://arb.ru/arb/press-on-arb/nazvany_imena_pobediteley_natsionalnoy_bankovskoy_premiey_2021-10523617/ |access-date=2025-04-29 |website=Ассоциация российских банков |language=ru}} ==References== {{reflist}} ==External links== {{commons category}} * {{official website|http://www.uralsib.com/}} {{Portal|Banks}} Category:Banks of Russia Category:Companies based in Moscow Category:Companies listed on the Moscow Exchange --- Adapted from the Wikipedia article [Uralsib](https://en.wikipedia.org/wiki/Uralsib) by Wikipedia contributors ([contributor history](https://en.wikipedia.org/wiki/Uralsib?action=history)). 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