On August 29, 2017 the Central Bank of the Russian Federation (Bank of Russia) announced implementation of measures on improving the bank's financial stability and appointed a temporary administration of Otkritie bank. On September 15, 2017 Bank of Russia approved its participation plan in Otkritie bank’s financial rehabilitation. Among other measures there are capital increase of the Bank via Banking Sector Consolidation Fund (BSCF) and provision of liquidity support that will contribute to the Bank’s further development. In accordance with the announced measures the Central Bank of the Russian Federation will become the controlling shareholder of Otkritie bank with at least 75% interest in its equity. Bank of Russia guarantees a going concern of Otkritie bank that continues its operations in an ordinary course fulfilling its obligations owed to clients and carrying out transactions.
Otkritie bank is a universal commercial bank with diversified business structure. The Bank develops the following key business areas: corporate, investment, retail, small business and Private Banking.
Otkritie bank is a parent company of a universal financial group, which combines Trust Bank and Rosgosstrakh bank, as well as companies which hold leading positions in the key segments of the Russian financial market: Rosgosstrakh Insurance Company (insurance business), LUKoil-Garant Non-state Pension Fund, Elektroenergetiki Non-state Pension Fund, RGS Non-state Pension Fund (pension funds asset management) and Otkritie Broker (brokerage services).
The client base of Otkritie bank comprises more than 270,000 of legal entities and about 3.6 million of individuals, including high net worth individuals. The Bank has more than 400 offices of different forms, which are located in 59 economically important regions of Russia. The large portion of business is accounted for Moscow, Saint Petersburg, Tyumen Region (including Khanty-Mansiysk Region), Yekaterinburg, Novosibirsk Region, Khabarovsk and Volgograd Regions.
Otkritie bank is rated by international rating agencies S&P Global (В+) and Moody’s Investors Service (B2), as well as by Russian Analytical Credit Rating Agency (ACRA) BBB-(RU).