Russian Commercial & Industrial Bank was established in Leningrad in 1989 by the city’s leading construction companies.

The Articles of Association of the Bank were registered with the State Bank of the USSR as of 20.07.89, and re-registered with the Central Bank of Russia as of 11.04.91.

On August 31, 1992, the Bank obtained a General Banking License under No. 138.

In 1998 the Bank was converted in compliance with the “Law of limited liability companies” from partnership into a closed joint-stock company. CJSC “RUSSIAN COMMERCIAL AND INDUSTRIAL BANK” was registered on January 12, 1999 with General license ¹ 138.

The main shareholders of the Bank obtaining at least 5% of the shares are as follows:

Ruscobank is the private commercial bank oriented to provide a wide spectrum of banking services especially to small and medium-sized companies in Saint-Petersburg and its region acting in different sectors of industry.

The Bank is one of the founders and the member of the Saint-Petersburg Currency Exchange.

Being an official dealer in the market of government short-term non-coupon bonds (GKO) and federal loan bonds (OFZ), RUSCOBANK represents the interests of its customers at the St. Petersburg Stock Exchange

Since March 1994 RUSCOBANK has been a member of the S.W.I.F.T. association performing international payments in all generally accepted international forms in accordance with unified international standards.

Ruscobank’s head office is located on Bolshaya Monetnaya Street in St. Petersburg. The Bank provides its services for customers in the office “Nevskiy”, two regional branches (in Gatchina and Kirovsk), Currency exchange offices and via “Bank-to-Client” electronic payment system.