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Bank URALSIB

Mission statement:

FC URALSIB mission is to improve the well-being of the nation, develop entrepreneurial activity by providing a set of financial products and services to clients, serve as an example of effective business practice in the key sectors of the Russian financial market

Vision:

FC URALSIB is a socially responsible company of nationwide presence. The Corporation meets international standards of business effectiveness and quality, is in the top-5 in the financial market key sectors, and has an extensive sales network.
Our base:    Strong teams and corporate culture aimed at improving cooperation and service quality
    Strong IT-platform and smart risk management by segments as key elements of effective business processes
    Strong brand recognition and company credibility among clients

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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