History

1996-2001

• The Bank is established at the initiative of the Czech Government
• The Bank’s operations are primarily aimed at intensifying cooperation with companies engaged in trade and economic relationships between Russia and the Czech Republic, with the Bank keeping a low profile in the Russian financial market
• A representation of FRCB is opened in Prague, Czech Republic

2002

• A major Russian company OAO Stroytransgaz becomes a shareholder in the Bank with 50% interest, with the deal consummated in December 2002

2003

• All licenses to operate in the stock market are obtained, and the Bank becomes a member of the Russian largest stock exchanges RTS and MICEX; treasury operations are intensified; the Bank becomes a significant player in the stock and inter-bank markets
• The Bank becomes a member of Visa International, issues its first plastic cards and installs its first ATM
• Two additional offices are launched. Key divisions of the Bank move to its office building at Novocheremushkinskaya street.
• Extensive growth of all financial performance indicators of FCRB, including a considerable increase in capital. FCRB enters Top 30 of Russian banks in terms of capital size

2004

• Key efforts of the year are aimed at creating and expanding the Bank’s client base and a full range of banking products and services
• Growth of all indicators: loan portfolio size grows by 2.4 times over the year; stock portfolio, by 2.0 times; net profit, by 7.0 times (as per IFRS statements)
• Active involvement in international business: a financing agreement is signed with the Czech Export Bank; agreements are signed with export insurance agencies KUKE, HERMES, SACE, with the trade finance business increased twofold

2005

• The Bank is admitted to the deposit insurance system
• A new Dmitrovskiy office is launched
• In December FCRB is awarded the National Bank Award as Foreign-Invested Bank with the Best Contribution to Development of Russian Economy established by the Association of Russian Banks

2006

• An own processing Centre is launched. As a result, the list of operations with bank cards is extended.
• Active retail business development: a line of loan products is created (mortgage, car loans, MBA study loans, stock backed loans) and the deposit product line is updated
• Information Support Centre and a hotline of the Quality Control Centre are launched for online contacts with clients with regard to client service quality
• a new corporate style is developed
• a new office at Lobachevskogo street is launched (a standalone building measuring 4.5 thousand sq m), to accommodate all major divisions of the Bank

2007

• The Bank successfully implements a RUB1.2bn programme to offer its own promissory notes
• The Bank actively cooperates with developers, mortgage brokers and real estate agencies
• A cash and lending office of FCRB in Saint Petersburg is launched
• A new additional FCRB office “Gagarinskiy” is launched at  Leninskiy prospect 37A, Moscow
• The Bank is assigned international credit rating B3 with upgrade outlooks by Moody’s

2008

• The Bank obtains the license for realization of banking activities in the European Union zone
• A representative office of PCHRB is launched in Bratislava, Slovak Republic
• The Bank receives accreditation of Export Development Canada
• The Bank expands a range of services: now our clients can refund taxes by Premier Tax Free checks through Bank cash desks
• FCRB and bank Ceska Sporitelna a.s., Prague, sign the Memorandum of cooperation
• Rating agency Moody's Investors Service confirms a credit rating under long-term and short-term deposits in national and a foreign currency validated in 2007
• Traditionally bank actively participated in exhibitions and charitable actions

2009

• The bank became a member of MasterCard Worldwide and now offers the clients plastic cards of this international payment system
• Agency Moody's Investors Service has once again confirmed the international ratings appropriated on June, 18th, 2007 under long-term and short-term deposits in national and a foreign currency
• In Prague, the Czech Republic affiliated bank FCRB - the Evropejsko-Russian Bank is opened
• The bank has expanded a spectrum of services – clients have an opportunity to make on-line demands for a site on carrying out of cash currency-exchange operations with the Czech crones
• FCRB has started system of Remote Bank Service "Client-bank" with the new possibilities providing simplicity and convenience of management by document circulation