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HISTORY
1993 The oil-investment Company NIKoil is
established to provide investment services and consulting to
companies in the oil industry.
1996
RODINA BANK is integrated into NIKoil and later renamed Joint-Stock
Bank "IBG NIKoil". The newly formed Group focuses on investment and
commercial banking.
1998 RINACO Plus, then a leading brokerage
house in the Russian market, joins the Group. IBG NIKoil
strengthens positions on the Russian equity market and becomes a
key player in the sphere of investment-banking. The Group's
business is being restructured in line with international standards
under the guidance of McKinsey&Company and is aimed at
establishment of sustainable multi-product financial business.
2000-2001 Restructured NIKoil enters
international credit market as a multi-profile financial
corporation and obtains credit rating.
2002
The milestone year for the Group is marked by acquisition of the
two top financial companies, Joint-Stock Bank "AVTOBANK" and the
insurance company PSK. This allows launch and active development of
retail banking and insurance services within the implementation of
the Financial Supermarket model. The growth process resulted in the
advanced corporate structure encompassing banking, investment and
insurance business segments of the private and corporate finance
market. The leasing business sprouts after the leasing company
Capital LLC (later renamed URALSIB Leasing Company LLC) joins
NIKoil.
2003 The Group acquires URALSIB BANK, a
major banking group in the Ural, Siberia and Volga regions, and
thus spurs expansion onto the Russian regional market. An
integrated branch network is established on a country-wide
scale.
2004
The new brand - the Financial Corporation URALSIB - embarks on the
Russian financial market. The Group is re-branded under the single
name URALSIB and the business structure starts to shape up. The
product range is unified under the brand recognized both on a local
and federal level.
2005 The restructuring of banking business
is successfully completed within a year and becomes unprecedented
in Russia and Eastern Europe by the scale of M&A: five banks -
JS "IBG NIKoil", JSB "AVTOBANK-NIKoil" (former JSB "AVTOBANK"),
OJSC "UralSib", JSB "Bryansky Narodny Bank" and JSB
"Kuzzbassugol'bank" have merged to form BANK URALSIB (or Bank). The
new bank hit the top-5 in the financial sector by key figures. The
major bank in the South of Russia, YUG BANK, joined the Corporation
and bolstered the Bank's positions in the financial market of
Krasnodar region.
2006
The Corporation undergoes a number of structural changes aimed at
internal optimization and business effectiveness. FC URALSIB
updates its Mission, Vission and Values. The new strategic
management system based on Balanced Score Cards is introduced. The
technological base is vastly upgraded: the corporate information
system, new automated banking system and the automated HR
management system SAP are implemented.
2007 The holding company JSC "Financial
Corporation URALSIB" is established. The new management team of the
Corporation is shaped. The Insurance group spins off in December.
The integration of 6 regional banks - Volgoinvestbank (Saratov),
Dzerzhinskiy (Perm), Dorozhnik (Chelyabinsk), Eurasia (Izhevsk) and
Tyumenprofbank (Tyumen) on the platform of Stroyvestbank (part of
OJSC "UralSib" before 2005) is completed.
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