B&N Bank

PJSC B&N Bank, founded in 1993, is a universal bank ranking amongst the largest banking groups in Russia by assets. B&N Bank group comprises B&N Bank and B&N Bank Digital (former Moscomprivatbank). Its branch network, amounting to more than 400 offices, encompasses 170 cities in 64 regions of the Russian Federation. The Bank’s client base comprises almost 5 million clients: circa 4.8 million retail clients and circa 100,000 corporate clients. The majority of the Bank’s business is in European Russian, plus the Urals and Siberia. The Bank has a strong focus on digital / remote channels. B&N Bank’s mobile and internet banking services for retail clients are consistently amongst the most highly rated in Russia (per Markswebb Rank & Report 2017, B&N Bank’s internet bank and mobile banking application ranked #1 and #2 respectively). The Bank has a broad network of ~15,000 ATMS (including partner banks) and >24,000 POS terminals. At the end of September 2017, the Central Bank of Russia (CBR) announced the implementation of measures to improve the financial stability of B&N Bank, including recapitalisation of the Bank. In March 2018, B&N Bank was recapitalised and the CBR became the major shareholder, owning more than 99.9% of common shares. The Bank is scheduled for merger with PJSC Otkritie FC Bank (of which the CBR is also the major shareholder, owning more than 99.9% of common shares) before 1 April 2019. B&N Bank comfortably complies with all its CBR regulatory ratios and continues active operations across all major business lines.

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