Russian Agricultural Bank
"Rosselkhozbank" (RSKB) occupies the 5th place amongst the largest banks of Russia (February 2008) on the value of the actual assets. The figure already exceeds 483 billion roubles..
Currently "Rosselkhozbank" has the second largest branch network in the country, which includes 77 branches, subsidiary bank and over 1262 additional offices.
As of the 1st February 2008, the credit case of RSKB in the real sector of the economy has amounted to 297 billion roubles. RSKB's own capital exceeded 49 billion roubles. The authorized capital stock of "Rosselkhozbank" is 27 728 000 000 roubles.
100% of RSKB's shares are federally owned. The rights, on behalf of the shareholder and in the name of the Russian Federation, are exercised by the Federal agency managing the federal property.
Official web-site: http://www.rshb.ru/english
Russian Agricultural Bank was set up under the Russian President's Decree dated March 15, 2000 for the purpose of implementing the government’s credit and financial policies in the agrarian sector. The Bank is 100% owned by the State. Today Russian Agricultural Bank’s network of 76 regional branches, about 1262 additional offices and a subsidiary Chelyabinsk Commercial Land Bank covers the whole territory of the Russian Federation and is one of the largest in the country. Russian Agricultural Bank provides banking services nationwide to about 910,000 clients. The Bank's policy is to make the whole range of banking services available to its clients both in urban and in rural areas. According to the Central Bank of Russia, Russian Agricultural Bank ranks among 10 top Russian banks and is number 472 in the world according to “The Banker” magazine. Bank's capital is RUB 48 bln. as of YE2007. Ratings by Moody’s are: Long-term Baa2, stable; Short-term Prime-2, stable; Financial strength E+, positive; National scale Aaa.ru long-term and RUS-1 short-term. By Fitch: Long-term BBB+, stable; Short-term F2; Support 2; Individual D; National Scale AAA(rus) long-term, stable.
In the period from 2010 to 2015 up to 49% of the bank’s shares may be privatized. According to market participants, the Russian Agricultural Bank is now valued at $ 1.3-1.7 billion.
The Ministry of Finance does not exclude the possibility of the Russian Agricultural Bank’s IPO before 2010.
The head of the Russian Agricultural Bank believes a strategic investor should be involved in the Bank’s fund and that its IPO should not be performed.