Expobank
Expobank LLC is a commercial bank in Russia. According to EMEA Finance Europe Banking Awards, Expobank was twice recognized as the best bank in Russia in 2014 and 2015. When working on the ratings, EMEA Finance experts consider such criteria as the results of economic activity, increase in profits and business expansion. According to the annual international rating of The Banker magazine, Expobank became the best bank in terms of return on equity – 41.39% (ROE) among the top 100 Russian banks and took the second place in the ranking among the top 10 banks in terms of return on assets in 2014.[1]
 | |
| Type | Commercial bank |
|---|---|
| Industry | Banking Financial services Investment services |
| Founded | 1994 |
| Headquarters | Moscow , Russia |
Number of locations | over 50 points of service in Russia (including Kurskprombank) |
| Products | Consumer banking Corporate banking Investment banking |
 RU₽2bn (2018) | |
| Total assets | RU₽71.963bn (2016) |
| Total equity | RU₽10.447bn (2016) |
| Owner | Igor Kim |
Number of employees | over 1200 (2019) |
| Website | expobank |
Activity
Expobank's priority is providing services to corporate and wealthy private clients.
History
Expobank LLC was founded in 1994. In 2008, the bank was acquired by Barclays and renamed to Barclays Bank LLC. In 2011, the bank was acquired from Barclays Group by Igor Kim and his partners. At the beginning of 2012, the bank was renamed to its old name, Expobank LLC.
In September 2014, Expobank closed a deal to acquire a 100% stake in Czech bank LBBW Bank CZ a.s. from Landesbank Baden-Württemberg. The bank was renamed to Expobank CZ a.s. Expobank LLC owns 19.8% of the voting stock of Expobank CZ a.s.
In December 2017, Expobank LLC completed a deal with the Turkish Yapı ve Kredi Bankası A.Ş. to acquire 100% stake in JSCB AKB Yapi Credit Bank Moscow.
Performance
Among the Bank's customers there are about 7 thousand companies and more than 65 thousand private clients.
Ratings
In March 2022, Fitch Ratings downgraded Expobank's international rating to "CC".[2]