#1 Private Consumer Lender in Russia
Russian Standard Bank is one of the leading consumer lenders in Russia and one the country’s most profitable privately held banks, offering world-class products and services to a broad range of customer audiences. The bank operates in full compliance with international best practices and in continued collaboration with leading financial institutions around the world.
With a well-defined business strategy, high quality financial products and innovative information technologies, Russian Standard Bank pioneered the new consumer lending market in Russia.
Russian Standard Bank dominates the consumer finance sector in Russia with more than 25 million loan customers. The bank has issued over 31 million credit cards. the total volume of consumer credit loans exceeded US$40 billion as of December 31, 2010.
Russian Standard Bank is one of the largest Russian banks in terms of all key operating indicators. The bank is in the top five in Russia among private retail banks in terms of assets and profits, and is ranked among the “1,000 Largest Banks of the World,” as reported by the British magazine The Banker. The bank’s insurance arm, Russian Standard Insurance, has quickly and successfully expanded into the credit life insurance market with more than 9 million lives insured. In less than three years, Russian Standard Insurance became the top credit life insurer in Russia, and today it is one of the leading term life insurers in the country. Russian Standard Insurance offers innovative life and health insurance policies to personal loan, car loan and credit card loan customers, leveraging branches in 72 cities across Russia.
Powerful Coverage & Regional Expansion
Russian Standard Bank’s distribution network covers 93% of the Russian population. The bank has over 150 branches and representative offices across the country. It offers over 36,000 POS locations in retail outlets and over 3,700 ATMs, cash-in machines and terminals. The bank employs 20,000 people across its organization.
Exclusive Partnership with American Express
Russian Standard Bank is the exclusive issuer of American Express Centurion line credit cards in Russia. Signed in 2005, the partnership with American Express introduced the American Express brand, products and services into the Russian market on a major scale. The partnership was expanded in 2008, placing Russian Standard Bank in charge of: signing new merchants in Russia to accept the American Express Card; managing relationships with existing American Express merchants and processing transactions on the American Express network. Russian Standard Bank’s own merchant network covers more than 115,000 locations in Russia.