In our country, every day confidence in domestic banks among the population is steadily decreasing. This is mainly due to the huge number of bankruptcies of Russian banks. The situation as a whole is not even affected by the fact that the state is trying to attract the attention of depositors by providing deposit insurance and guarantees. Consider the most popular foreign banks in Russia.
Citizens' trust in foreign banks
Foreign banking giants more and more inspire confidence among legal entities and individuals. You need to understand that the legislation in force in the Russian Federation does not give foreign banks the right to open branches, and all they can get is a share. In simple terms, foreigners have the opportunity to establish subsidiaries of Russian structures related to finance, to be their founders and to manage.
When choosing a bank, you should pay attention to the assets and balance sheet for the last year, since if the bank works with a negative balance and this trend continues for a certain period, it may lose its license. It is necessary to analyze whether the bank participates in CERs ( deposit insurance system ), which will allow the withdrawal of a bank license to return up to 1.4 million rubles of the deposit amount.
Financial balance and participation in CERs is not all. You also need to find out how the bank relates to its customers. Both legal entities and individuals worry about how quickly its employees will solve the problem.
List of foreign banks in Russia
Foreigners intend to invest colossal amounts and develop such subsidiaries. Often, the invested funds exceed the authorized amount of the financial institution itself, as a result of which trust in such organizations becomes higher both for individuals and legal entities. One should not blame Russian citizens for such behavior, since everyone is aimed at preserving their earned money and, of course, no one wants to lose it. Below is a list of foreign banks in Russia:
- UniCredit Bank.
- Raiffeisenbank.
- Rosbank.
- Deutsche Bank.
- Citibank.
- Home Credit Bank.
- Barclays Bank.
- "Credit Europe Bank".
- "Deltacredit."
- "OTP Bank".
- Rusfinance Bank.
When choosing a foreign structure, you need to be selective and attentive, since it is precisely the thoroughness of the analysis of the work of a foreign bank that will help calculate the fate of the deposit. The financial market of our country is now famous for the fact that more and more foreign banks appear and strengthen on it thanks to loopholes in the legislation. Foreign financial organizations compete significantly with Russian ones, as they provide the most profitable conditions for lending and savings programs.
Among the huge number of foreign structures, it is necessary to highlight a small list of banks that are very actively gaining popularity among the population.
Deutsche Bank
This is a famous foreign bank in Russia.
The name implies that the organization belongs to a very large German concern. This structure has the following features:
- The main activity is to invest and provide commercial plan services only to enterprises located in Russia.
- Services to individuals are not provided.
- Support is provided only to large private capital.
- Individual entrepreneurs and small enterprises cannot use the services of the Deutsche Bank financial institution.
All of the above does not interfere with the strengthening among Russian banks, and the use of innovative products, as a rule, ensures the transfer of large capital under its management.
Raiffeisenbank
Another foreign bank in Russia.
A subsidiary structure that belongs to the huge Austrian Raiffeisen holding, and which is considered one of the most reliable financial structures in the Russian Federation. The following distinguishing features are distinguished:
- The organization provides a full range of services for individuals and legal entities in Russia.
- Services are available both to residents of the country and to foreign citizens who are on a business trip or business trip, they can become clients of this bank.
- A huge number of branches covers the entire Russian market, competing with local banks.
What other banks with foreign capital exist in Russia?
Citibank
This is a full-fledged institution that has been registered in the Russian Federation for a long time. A huge share of the authorized capital is foreign investment.
The consumer can use many products, and the implementation of deposits implies individual conditions. The larger the cash amount of the deposit, the more interesting the interest rate.
This bank deals with clients from both the private sector and legal entities. Such a policy allowed him to be a leader among other foreign banks on Russian territory for many years. Loans from foreign banks in Russia are not very popular so far, but everything is ahead.
Credit suisse bank
A private bank with foreign capital in Russia, which positions itself as an institution for deposits with a fixed income from shares of companies.
Distinctive features are:
- Implementation of activities in the field of finance with a license in Russia. The government secured the issuance of a license among the first foreign organizations that officially entrenched themselves in the Russian market of monetary services.
- He has won a large number of awards and prizes, and has become very popular when working with individuals.
OTP Bank
OTP Bank is a commercial bank that is part of the OTP Group. It is a market leader in financial services in Eastern and Central Europe. OTP Bank is a universal credit organization, its range of services is quite wide, many products are offered to corporate clients, as well as to private individuals.
Barclays Bank
Mainly takes the place of commercial offers at retail. The list of services includes:
- transfers between countries;
- investing in foreign currency;
- providing brokers services for private capital;
- a wide range of financial products;
- focus on investors from Russia.
It goes without saying that the list of foreign banks that operate in the spaces of our country does not end there, and it can be continued. The above organizations, in turn, are more popular.
Weak participation of our own system of banks in our country is a problem of economic development. A number of researchers see a way out of this situation in increasing lending to the economy by foreign banks. To achieve this goal, you must:
- remove currency restrictions that relate to the receipt of foreign loans by Russian residents;
- liquidate the quotas in Russia that create borders for subsidiaries of foreign banking organizations;
- simplify the registration of banks with foreign participation, and ultimately open our market for banking services.
All this will allow opening more branches of foreign banks in Russia.
There are reasonable doubts that foreign banks are capable of lending in those forms and volumes that satisfy the national interests of the country. In this case, the probable negative consequences of their activities in Russia are indicated, for example:
- the allocation of credit funds exclusively to the extractive, secondary spheres of the economy;
- an attempt to oust banks with Russian capital from certain market segments;
- support for foreign companies that compete with Russian enterprises;
- the impact on domestic political life in the country, etc.
In fact, the owners of foreign banks are closely connected with international companies that are fighting a fierce battle for markets, including in Russia. Foreign banks work in the name of the interests of their countries.
Interest rates on deposits and loans
There is a certain tendency: the larger the bank, the lower the deposit interest rate. The best conditions for deposits can be found in foreign banks. It is imperative to pay attention to the early termination of the deposit agreement, due to unforeseen circumstances it is easy to lose part of the interest on the deposit.
So, for example, in UniCredit Bank, the interest on the deposit is 7.5%, in Raiffeisenbank - 7%. In all other banks, interest rates are approximately the same. The average rate on deposits in foreign currency is 2.5-3%.
We examined the representative offices of foreign banks in Russia.