Andrey Kudryashov

Sviaz-Bank

Established in 1991. Universal financial institution providing a wide range of high quality banking services. The major shareholder of Sviaz-Bank is State Corporation «Bank for Development and Foreign Economic Affairs (Vnesheconombank)». The bank's network comprises 49 regional branches to enable successful cooperation with clients which also have extensive business networks. The bank is always working to expand its presence in the regions of Russia. Sviaz-Bank has traditionally been linked to the sector of telecommunications, as it was set up on the initiative of the Ministry for Communications of the USSR. At present the bank is developing as a universal interregional credit institution providing services that meet international standards. Sviaz-Bank treats its historical involvement to one of the most rapidly growing industries – telecommunications industry – as a positive factor. Sviaz-Bank is actively working on improvement of its corporate governance principles, it has also changed the means by which it offers corporate customer services - now each corporate client has its own personal manager. Sviaz-Bank is also upgrading its banking technologies and implementing an electronic document workflow management system. Since 2004, the bank has been acting as arranger of issuance, placement, circulation and redemption of bond issues. Sviaz-Bank`s set of banking products for individual clients is being regularly updated. Sviaz-Bank is member of the Deposit Insurance System. Owing to partnership of Sviaz-Bank with the Russian Post federal state unitary enterprises can obtain banking services not only at the bank's offices but also at post offices in most of the regions of the Russian Federation.