JSC CB "Ellips bank" is a Nizhny Novgorod-based bank
Joint Stock Company Commercial Bank "Ellips bank" (Ellips bank) is a universal federal credit institution specializing in providing various banking services to small- and medium-sized enterprises and private individuals in the Volga River, North-West, South and Central Federal Districts. According to the Main Board of the Bank of Russia for the Nizhny Novgorod region JSC CB "Ellips bank" has been classified as a backbone credit institution of the Nizhny Novgorod region banking sector for an important part played by the bank in the local economy. The bank's activities are focused on boosting economic growth across the region due to the bank's involvement in long-term investment projects realized within the framework of different federal and regional programs on stimulating development of small-sized entrepreneurship, the regional agricultural sector, as well as participation in the national priority projects.
Ellips bank operates to serve companies that operate in the real economy sector and general public as well.
Ellips bank shareholders are industrial and financial companies of the Nizhny Novgorod region and private individuals of Nizhny Novgorod whose total share in the legal capital is less than 5 %.
As of March 01, 2013 the authorized capital of JSC CB "Ellips bank" amounted to 1 399 998 600 Russian Roubles ( equivalent to 34,96 mln euros), the balance sheet - 20132, 716 mln Russian Roubles (equivalent to 502,79 mln euros), the equity capital - 2445,405 Russian Roubles ( equivalent to 61,07 mln euros).
The bank caters to the needs of about 40 000 corporate and retail clients. The majority of Ellips bank's clients are private individuals and small and medium-sized businesses which are engaged in municipal engineering, production of medical equipment, foodstuffs, trade or do business in the agricultural sector, consumer services etc. The total number of clients' accounts opened at the bank is more than 100 000 as of March 1, 2013.
A "Know Your Customer" approach, flexible pricing policy and ability to make effective management decisions are key features of Ellips bank's client policy.
Ellips bank finances small and medium-sized businesses through lending and leasing. It allows the bank to establish long-term relationships with the clients, enjoy mutual economic benefits and earn positive social return.
Since 2003 Ellips bank has been involved in different federal and regional programs aimed at promoting development of small and medium-size enterprises and agro-industry, being an active partner-bank to these programs.
Main business areas
The main bank's business areas are as follows:
At present Ellips bank mainly issues MasterCard cards.
Acting under General License of the Bank of Russia for execution of bank operations in Russian Roubles and foreign currency ü 1950 of 17.05.2012 the bank delivers a range of services to corporate customers, private entrepreneurs and individuals in Russian Roubles and in foreign currency. Clientele augmentation has annually given rise to an increase in the quantity of clients' settlement accounts in RUB and foreign currency, which is due to good payment discipline and reputation of a financially stable credit institution JSC CB "Ellips bank" has been enjoying all this time.
The bank makes multiple transactions with shares of Russian joint-stock companies, corporate bonds and shares of unit investment trusts as well.
Sums of export receipts from foreign trade deals entering in clients' and private entrepreneurs' accounts in foreign currency are the main source of credit turnover achieved on these accounts at JSC CB "Ellips bank".
As of 01.03.2013 the bank's network consisted of 21 Nostro correspondent accounts opened with Russian and foreign correspondent banks in different currencies: US Dollar, Euro, Swiss Franc, British Pound, Kazakh Tenge. Raiffeisen Bank International AG, Vienna, Austria is a foreign counterparty which has been maintaining a long-term and irreproachable correspondent relationship with Ellips bank. In the beginning of September 2012 Ellips bank established a correspondent relationship in USD and EUR with Commerzbank AG, Frankfurt/Main. The correspondent network maintained by the bank nowadays fully serves its needs making it possible for the bank to perform settlement operations for clients and to service international bank cards as well.
As a member of the currency section of MICEX the bank actively operates in trading of EUR/USD, USD/RUB, EUR/RUB.
Acting under License for Attracting and Depositing Precious Metals ü 1950 of 04.06.2008 JSC CB "Ellips bank" sells gold bars, investment and commemorative coins of the Bank of Russia and foreign mints to retail clients. One can also open unallocated bullion accounts in gold and silver at the bank.
Ellips bank's retail banking focuses on higher quality, affordability and diversity of banking services, on involvement in banking services of more social groups, e.g. town residents that previously didn't have due access to the banking products and services.
As far as the Ellips bank's products are concerned, priority is given to the market segments with unsatisfied demand or where the customer needs are still forming. Therefore Ellips bank does not seek to provide services in those segments of banking and financial markets where the competitors have a decisive superiority (e.g. auto loans, consumer express loans in points of sale, broking, etc.).
The Bank manages its strategic liquidity by diversification of the loan portfolio along the industry segments which are relatively steady to the negative economic factors and are able to restore their solvency.
Ellips bank carries out its activities under General License of the Bank of Russia for execution of bank operations in Russian Roubles and foreign currency No 1950 of 17.05.2012 and License for Attracting and Depositing Precious Metals No 1950 issued 04.06.2008 by the Bank of Russia.
In December 2004 Ellips bank joined the State Deposit Insurance System.
Ellips bank is a professional participant of the securities market and is licensed for carrying out the dealer, broker and depositary transactions and transactions on securities trust management.
As estimated by the Information Agency "Finmarket", Group
According to RBC. Rating (http://rating.rbc.ru) JSC CB "Ellips bank" ranked 147th by corporate loans among 900 Russian banks as of 01.01.2013.
In March 2011 the Bank witnessed its individual rating of creditwortheness "A" (high credit standing, second level) which was initially assigned in March 2010 being reaffirmed by The National Rating Agency.
Thus the Bank's rating of "A-" (high credit standing, third level) assigned in February 2009 was raised.
The National Rating Agency rated JSC CB "Ellips bank" as a bank with a high liquidity. Proceeding from the acid ratio value, which is the backbone of the project, JSC CB "Ellips bank" was one of the top 250 banks among 710 banks whose assets amounted to more than 1 billion RUB being ranked as of January 01, 2013.
Striving for higher service quality, implementation of modern technologies and application of the advanced management techniques is a distinctive feature of Ellips bank contributing to the attainment of the set goals.
The ongoing financial crisis was a good lesson for the Russian bankers to learn from. The due management of banking risks has become a top priority for many Russian banks including the regional ones.
Joint Stock Company Commercial Bank "Ellips bank" was established on July 07, 1992 as a Limited Liability Company. After changing its status to Joint Stock Company in 2011 Ellips bank achieved a rapid development by becoming a universal credit institution which expanded its presence throughout Russia. Besides the Head Office which is located in Nizhny Novgorod at the registered office: 4/2 Maxim Gorky square, 603000 Nizhny Novgorod, the bank's network includes 4 branches in Nizhny Novgorod, Saint-Petersburg, Astrakhan, Gorokhovets (Vladimir region) cities and 46 domestic offices set up across the Nizhny Novgorod region, in Mocow, Saint-Petersburg, Krasnodar, Cheboksary (Republic of Chuvashia), Izhevsk (Republic of Udmurtia), Samara, Ufa (Republic of Bashkorstostan), Saratov. The bank's offices render a wide range of banking services to corporate clients and retail clientele.
Here as well Ellips bank rested on the world experience of applying the Islamic banking instruments as a method of risk distribution based upon the principles of partnership and financial fairness. Consistent with the mentioned strategy was opening in March 2011 of a specialized branch named "Vostok-Capital" in Nizhny Novgorod where financial services that are not in conflict with the norms of Islam, are provided. In December 2011 a new domestic office started its activities under control of Vostok-Capital branch in Ufa city, Republic of Bashkortostan.
Observance of the principles of business transparency
To enhance international exposure JSC CB "Ellips bank" has been presented on the pages of an authoritative international directory of banks and banking institutions "The Bankers' Almanac" since 2002. In addition to the bank's profile and the financial summary presented on the page "Ellips bank" the bank gave a concise overview of its policy and realisation of the Internal Control Rules applied to ensure the prevention and counteraction of legalization (money laundering) of proceeds obtained from crime and terrorist financing by allocating relative materials in a special data base named "The Bankersalmanac.com Due Diligence Repository" developed in association with the Wolfsberg Group of World Banks to support the principles of a risk-based approach to anti-money laundering.
Following requests of its counterparties the bank is always prepared to provide the necessary information related to its activities on anti-money laundering and prevention of terrorism financing. In December 2009, JSC CB "Ellips bank" obtained consent for service provision on behalf of the US process agent authorized to legal support by the US Treasury to comply with the US Law. In compliance with Sections 5318(j) and 5318(k), Title 31 of the US Code, as well as Sections 313 ¨ 319(b) of "The USA PATRIOT Act of 2001" (ü 107-56), JSC CB "Ellips bank" provided its Foreign Bank Correspondent Account Certificate. In December 2011, the bank received a confirmation letter by which the US process agent (Pacific Registered Agents,Inc.,OR,USA) acknowledged its intention to provide the mentioned services to Ellips bank for year 2012.
Transparency and reliability have always been characteristics identifying relationships established between Ellips bank and its foreign correspondents.
The bank's structure includes a special unit named Financial Monitoring Division headed by a Money Laundering and Terrorist Financing Reporting Officer who is designated by the Chairperson of the Board and generally acting under his/her command and responsible for ensuring compliance with The Internal Control Rules Aimed at Ensuring the Prevention and Counteraction to Legalization (Laundering) of Criminally Gained Income and Financing of Terrorism, monitoring suspicious activities and training the bank's staff in internal money laundering prevention controls and procedures.
The mentioned Internal Control Rules are set out pursuant to Federal Law No 115-FZ of August 07, 2001 "On Combatting Legalization (Laundering) of Criminally Gained Income and Financing of Terrorism", regulations and recommendations of the Bank of Russia, as well as in the framework of FATF and Basel Committee on Banking Supervision Recommendations, The Wolfsberg Group principals, and set forth basic goals, objects and requirements of the internal control system purposed to insure the prevention and counteraction to legalization (laundering) of proceeds obtained from crime and terrorist financing. The Rules are mandatory for any and all Ellips bank's domestic offices, branches and representatives offices including those established abroad.
The latest version of the Internal Control Rules Aimed at Ensuring the Prevention and Counteraction to Legalization (Laundering) of Criminally Gained Income and Financing of Terrorism was adopted by the Chairman of the Board of JSC CB "Ellips bank" on May 11, 2011 and endorsed by the Main Board of the Central Bank of the Russian Federation for the Nizhny Novgorod region.
In order to expand its global business links Ellips bank established a Representative office in Italy (registered address: 00186, Roma, piazza Campitelli, ü 2) in March 2010, which made it to be the first Russian commercial bank maintaining its presence in Italy through a representative office.
The objective behind opening the Representative office in Italy is first and foremost to establish partnership relations between Ellips bank and Italian banks in the field of international settlements, trade financing and getting access to global capital markets. The Representative office will also seek to establish business contacts between Italian businessmen and bank's clients that may be interested in mutually beneficial supplies of goods and equipment, building business relationships etc.
In April 2010, JSC CB "Ellips bank" was admitted to the Association of Italian banks (Associazione Bancaria Italiana) under registration number 016888. The admission to such an authoritative organization was the culmination of the bank's efforts to ensure its reputation as a credit institution recognized by Western European financial institutions and their self-regulating associations.
JSC CB "Ellips bank" has been a non-shareholding member of S.W.I.F.T. Scrl since October 2010 and has the unique active BIC code (CEJSRU2N).
Bank and society
Ellips bank is active in Russia's banking community. Ellips bank is a member of the Association of Russian Banks (ARB), the Association of Regional Banks "Russia" and the National Stock Market Association. Since 2006 the bank has been a member of the Bankers' Council under the Governor of the Nizhny Novgorod region.
Excellent performance of the bank in financing the real economy sector was recognized on several occasions by, among others, the Letter of Gratitude of the Presidential Envoy to the Volga River Federal District, the Diploma of the Ministry of Agriculture, letters of gratitude and Certificates of Merit of the Government of the Nizhny Novgorod region for longstanding stable performance at the banking services market of the Nizhny Novgorod region, conducting a dynamic loan policy and supporting the most significant programs developed by the Regional Government.
JSC CB "Ellips bank" is an award winner of the National Bank Prize 2010 in nomination "Socially Responsible Bank". Being one of the main prizes in the banking community this Prize was founded by the National bank magazine and is held under the auspices of the Association of Russian Banks.
JSC CB "Ellips bank" is an award winner of the VIII International Prize "Banking 2012" in nomination "The Best Regional Bank". The Prize was instituted by the "Banking" magazine and the "Informbank Agency" media-group, the system of certification "Irreproachable banking business", the "Capitalist" club. The prize is held with the assistance of the Association of Regional Banks "Russia", the Russian Union of Industrialists and Entrepreneurs, the Association of Russian Banks, the European Economic Chamber of Trade, Commerce and Industry (EEIG, Brussels), Moscow International Business Association. The Prize is famous for prestige and well-deserved respect from financial and business communities due to an objective and unbiased approach to assessment of winners. During the solemn ceremony held on May 30th, 2012 in Moscow Ellips bank was also presented with the commemorative medal "20 years of successful banking business".
Should you feel you are in need for more details on the business scope of JSC CB "Ellips bank" please do not hesitate to contact us by e-mail (firstname.lastname@example.org) or by phone (+7 831 4225202) or fax (+7 831 4621802).
Official name: Joint Stock Company Commercial Bank "Ellips bank"