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Financial Services

/ Structure / Financial Services

"Our goal is to provide a reliable, high-quality service to all of our customers in the financial services sector. Our sustained commitment to this mission ensures our businesses remain at the forefront of their fields in the financial market"

Mikhail Volkov
Managing Director, Financial Services

The sector's companies provide practically the full range of financial services to both corporate and private clients. They serve millions of private and tens of thousands of corporate clients with a network of more than 770 sales outlets in almost all regions of Russia. The business is also expanding actively in other CIS countries.

Key Facts

  • 8,000 employees
  • Branches, subsidiaries and offices in more than 220 cities in Russia and abroad (Austria, Azerbaijan, Armenia, Belarus, India, Kazakhstan, China, Kyrgyzstan, Mongolia, Ukraine, Finland and Switzerland) points of sale
  • Millions of private and tens of thousands of corporate clients

Major achievements in 2010

  • Ingosstrakh became an Official Partner of the XXII Winter Olympic Games and the 2014 Paralympic Games in Sochi.
  • Ingosstrakh became a partner of the Olympic and Paralympic comities in Russia (until the end of 2016), as well as the Olympic and Paralympic national teams (the teams in the 2012, 2014 and 2016 games) - in the "Insurance" category.
  • The INGO group's net income reached 3.3 billion rubles.
  • Standard&Poor's confirmed the 2008 "B-" rating of Element Leasing, and changed the rating's prognosis from "negative" to "stable".
  • Expert RA rating agency raised Element Leasing's rating from "B++" to "A".
  • Assets of NPF Socium increased by a third - and currently come up to over 6 billion rubles.
  • The amount of pension savings at NPF Socium increased by 60%




Insurance

OJSC Ingosstrakh, with a history spanning six decades, is the leading national insurer, providing the full range of insurance services to private and corporate clients. The Company has an extensive regional network, including 83 branches. It has offices in 220 Russian cities and representative offices and subsidiaries in the CIS and other countries.

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Banking

Soyuz - a commercial bank established in 1993, offers the full range of retail, corporate and investment banking services as well as private investment management. Soyuz is one of Russia's largest banks and has a network of more than 40 sales outlets in more than 17 Russian regions and republics.

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Leasing

Element Leasing provides small and medium businesses in all Russian regions with access to financing for the purchase of commercial motor vehicles and equipment.

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Pension Funds

Socium is one of Russia's oldest and largest non-state pension funds (NPF).

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News



20.09.2010

UC RUSAL to launch new social initiative programme "Territory of RUSAL"‘

UC RUSAL Plc (SEHK: 486, EuroNext: RUSAL/RUAL), the world's largest aluminium producer, announces the start of a new corporate social programme ‘The Territory of RUSAL'. It is directed at the development of social infrastructure and the support of socially effective initiatives in the regions of company's presence. The program encompasses years 2010-2011. The budget for the first stage of the programme is RUR 170 mln.

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18.09.2010

Insurance Company OSAO Ingosstrakh becomes Sochi 2014 Partner

Alexander Grigoriev, General Director of the insurance company OSAO Ingosstrakh, and Dmitry Chernyshenko, President and CEO of Sochi 2014, today signed an agreement which sees the insurance company become an Official Partner of the XXII Olympic Winter Games and XI Paralympic Winter Games, taking place in Sochi in 2014.

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28.06.2010

Basic Element Open for Talks on Ingosstrakh

Basic Element (Basel), the majority shareholder of Ingosstrakh, remains open for talks with the insurer's minority shareholders about raising the Generali's stake in the insurer, Interfax reported June 24 referring to Andrei Elinson, deputy CEO of Basel.

RP Newsline

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» All news


Useful Information

Summary of the Development of the Insurance Market in Russian In 2007

Contacts

General Contact Information
Tel: +7 (495) 933 71 92
Fax: +7 (495) 933 32 56

Media Contact Information
Eleonora Veytsman
Media Relations, Basic Element
Tel: +7 (495) 729 53 83
Fax: +7 (495) 729 53 70
EleonoraVV@basel.ru