There are numerous
Russian banks that provide various banking facilities throughout this European nation. All of them operate under the regulation of the apex bank at Russia i.e., Central Bank of Russian Federation which is also known as Bank of Russia.
Of late, a non-commercial and non-governmental organization named Association of Russian Banks have been set up. The sole purpose of this association is to bring together all the commercial banks, credit institutions and organizations operating in functioning of finance and credit system of Russia on the same platform.
Banking facilities at
Russian banks can be classified into the following three broad groups:
- Retail Banking: This type of banking is for the common man who wants to save his deposits or want to take some loan. Under this type of banking, banks at Russia also provide their customers with various facilities such as money transfer, foreign currency exchange, debit and credit cards, cross selling of products such as mutual funds, etc. and safe deposit boxes on rent,.
- Investment Banking: Many banks of Russia provide advisory and brokerage facilities including fixed income sales, trading and corporate finance, equity and derivatives transactions and proprietary research.
- Corporate Banking: This facility is for large companies. They are provided with lending facilities after the owners keep huge assets as security with the banks in Russia.
Some of the very popular Russian banks are Alfa Bank, MDM Bank, Gazprombank and Sberbank.
For further details on
Russian Banks, click on the links listed below:
