Investment banking pertains to certain activities of a financial services company or a corporate division that engages in providing advisory-based services on financial transactions for clients, such as institutional investors, corporations, and governments. Traditionally associated with corporate finance, such a bank might assist in raising financial capital by underwriting or acting as the client's agent in the issuance of debt or equity securities. An investment bank may also assist companies involved in mergers and acquisitions (M&A) and provide ancillary services such as market making, trading of derivatives and equity securities, FICC services or research. Most investment banks maintain prime brokerage and asset management departments in conjunction with their investment research businesses. As an industry, it is broken up into the Bulge Bracket, Middle Market, and boutique market.
Microfinance is a of financial services targeting individuals and small businesses who lack access to conventional banking and related services. Microfinance includes microcredit, the provision of small loans to poor clients; savings and checking accounts; microinsurance; and payment systems, among other services. Microfinance services are designed to reach excluded customers, usually poorer population segments, possibly socially marginalized, or geographically more isolated, and to help them become self-sufficient. ID Ghana is an example of a microfinance institution.
Financial services are economic services tied to finance provided by financial institutions. Financial services encompass a broad range of service sector activities, especially as concerns financial management and consumer finance.
A financial intermediary is an institution or individual that serves as a "middleman" among diverse parties in order to facilitate financial transactions. Common types include commercial banks, investment banks, stockbrokers, insurance and pension funds, pooled investment funds, leasing companies, and stock exchanges.
Alfa-Bank JSC is the largest of the private banks in Russia. It was founded in 1990 by Russian businessman Mikhail Fridman, who remains the controlling owner. Headquartered in Moscow, it operates in seven countries, providing financial services to 22 million active corporate customers and over 1 million active retail clients as of 2021. On 1 March 2022, Mikhail Fridman and Pyotr Aven left the bank's board of directors after coming under EU sanctions imposed in response to the 2022 Russian invasion of Ukraine. For the same reason, the bank has been sanctioned by US and EU authorities beginning in February 2022 and 2023, respectively.
The Central Bank of the Russian Federation, which brands itself as Bank of Russia and is also commonly referred to in English as the Central Bank of Russia (CBR), is the central bank of the Russian Federation. The bank was established on July 13, 1990. It claims the legacy of the State Bank of the Russian Empire (1860-1920) and of the Soviet Gosbank (1921-1992), even though both institutions covered a significant larger territorial scope.
GE Capital was the financial services division of General Electric. Its various units were sold between 2013 and 2021, including the notable spin-off of the North American consumer finance division as Synchrony Financial. Ultimately, only one division of the company remained, GE Energy Financial Services, which was transferred to GE Vernova when General Electric was broken up.
Saint Petersburg State University of Economics and Finance was a public university in Saint Petersburg, Russia. It was established in 1930 as Leningrad Institute of Finance and Economics. In 2012, it united with Saint Petersburg State University of Service and Economics and Saint Petersburg State University of Engineering and Economics to create Saint Petersburg State University of Economics. The campus of the university occupied the buildings of the former Russian Assignation Bank.
Arbuthnot Latham & Co. Limited, trading as Arbuthnot Latham, is a British private and merchant bank headquartered in London, England. Founded in 1833, it has the status of one of the 12 accepting houses.
Andrey Igorevich Akimov is the chairman of the management board of Gazprombank. He is believed to be a former KGB agent with the rank of general and a member of the Russian Intelligence Community.
Banking in Russia is subject to significant regulations as banks in the Russian Federation have to meet mandatory Russian legislation requirements, and comply with numerous Bank of Russia instructions and regulations.
Bank "MENATEP", Bank "MENATEP SPb" and "Group Menatep Limited" were financial companies, created by Russian businessman Mikhail Khodorkovsky. "Group Menatep Limited", the US$29 billion holding company that had indirect controlling interest in Yukos Oil Company, was later renamed, and now still exists as holding company GML with Leonid Nevzlin as principal shareholder holding a stake of around 70 percent. The other four ultimate beneficial owners owning an equal stake each are Platon Lebedev, Mikhail Brudno, Vladimir Dubov and Vasily Shakhnovsky.
Andrey Fridrikhovich Borodin is a Russian financial expert, economist and businessman who until 2011 was President of Bank of Moscow. He and his first deputy Dmitri Akulinin were dismissed from office by the court for the period of the investigation due to the Premier Estate criminal case, charged with abuse of authority. In April 2011, the meeting of the bank's shareholders dismissed them.
Viking Bank is a Russian regional bank headquartered in Saint-Petersburg. Viking Bank is a part of the Russian Banking System and is governed by the applicable law of the Russian Federation, being the regulatory acts of the Central Bank of the Russian Federation, and the Charter. Part of this, General Banking License No. 2, was issued by the State Bank of USSR on August 26, 1988. The banks full corporate name is Commercial Bank "Viking" Closed Joint Stock Company. The Bank generally functions on the financial market as a universal credit institution.
Victor Halansky, is a Russian economist. He was executive manager in Bureau of the State Bank of the USSR in Leningrad; 1990-1996 – Chief Officer, Main Department of the Central Bank of the Russian Federation in Saint Petersburg. Since 2003 - Director of Saint Petersburg Banking School (college) of the Bank of Russia. Since 2000 - Chairman of the Board of Directors of Viking Bank.
The International Financial Congress (IFC) was an annual conference hosted in Saint Petersburg in Russia dedicated to the finance industry. The event brought together heads of central and commercial banks, financial institutions, international financial organizations and financial regulatory authorities, as well as renowned experts from around the world and figures from academia and business. It ran from 1991 until 2019.
Nikolay Tsekhomsky is a Russian financier and senior manager. He has headed finance departments of MTS, Renaissance Capital and VTB banks; held the post of chairman of the board of Barclays bank Russia, and he was senior vice president and member of the board of Sberbank of Russia.
Profit and Loss Sharing refers to Sharia-compliant forms of equity financing such as mudarabah and musharakah. These mechanisms comply with the religious prohibition on interest on loans that most Muslims subscribe to. Mudarabah (مضاربة) refers to "trustee finance" or passive partnership contract, while Musharakah refers to equity participation contract. Other sources include sukuk and direct equity investment as types of PLS.
Igor Vladimirovich Kim is an investor, banker, Honored economist of the Russian Federation, who has successfully completed more than 30 mergers and acquisitions transactions with both Russian and foreign financial institutions. He is the main stakeholder of Expobank JSC (Russia). Kim's fortune has been estimated at $460 million by the Russian edition of Forbes business magazine in 2013.
Dmitry Lvovich Orlov was a Russian banker who was the founder, main shareholder and Chairman of Vozrozhdenie Bank.
