The Joint-Stock Commercial Bank for Development of Local Industries, Mestbank, has been in business since 1990. At present, it is an open-end joint-stock company and has been registered as such with the Central Bank of Russia. Its founders include industrial enterprises, the Savings Bank of Russia, the State Insurance Company of Russia, joint Russian-foreign ventures and private businesses.
The Bank holds a license to transact banking operations (No.373, of August 10, 1990) and also a General License of the Central Bank of Russia (of December 29, 1992).
The Bank's ratings have been published under every rating project concerning assessment of Russia's 100 largest banks.
Being a comprehensive banking institution, Mestbank offers services to all types of clientele, from major Russian industries to individuals. It specializes in international settlements, cashier-and settlement services, collection, lending and operations with securities.
The Bank is an authorized dealer in GKO securities of the Central Bank of Russia, authorized dealer in State Savings Bonds of Russia's Ministry of Finance, bearer of a State Customs Committee license to act as guarantee to customs organisations; authorised bank of the Ministry of Finance of the Russian Federation for government programs financing; authorized bank of the Ministry of Foreign Economic Ties; member of the Moscow Inter-Bank Currency Exchange and the Moscow Central Stock Exchange and also of the Association of Russian Banks: and an operator on the market of 'soft' CIS currencies.
Mestbank offers its customers individual service by top-class banking specialists, highly comfortable conditions of service, in particular, establishment of cashier-and-settlement centers for prompt settlement within production schemes, payment of wages and salaries to employees of industries and organizations by means of national and international payment schemes, cashier and settlement services to enterprises in roubles and foreign currency, conversion and documentary operations, operations with corporate and state-issued securities, lending and guarantee operations (for such operations, adequate security is required by the Bank), dealing in foreign currency, attraction of free funds of organisations and individuals into banking instruments in roubles or in foreign currency, keeping of individuals' accounts, and collection services.
For the sake of greater promptness and efficiency of settlement, the Bank has been offering its customers services within the Bank-Customer scheme under which customers' orders are presented to the Bank by electronic means. Such, services are available both to the Bank's Moscow clientele, and to its customers based in the provinces.
The Bank's clientele includes over 1 000 businesses with diverse forms of ownership; about 60 banking institutions keep correspondent accounts with Mestbank. The Bank's officers have amassed considerable experience in catering for the needs of oil- and gas-producing industries, petrochemical industries, mining and transportation enterprises, coal and atomic-energy works, including licensed exporters.
For the sake of higher efficiency of international money transfers, the Bank has established a vast correspondent network linking it to the world's major financial centers. Thanks to that network, Mestbank is now capable of effecting a money transfer to any country within 24 hours from the time of receipt of the relevant order, while money transfers to the USA are effected within five to six hours. Mestbank is a member of SWIFT, which has enabled it to communicate in real time with over 3,500 banks. It is also a member of the REUTERS-DEALING system.
Mestbank's major correspondents include the Chase Manhattan Bank, the Republic National Bank of New York, Ost-West Handelsbank AG, Raiffeisen Zentralbank, Dresdner Bank AG and Commerzbank. Mestbank keeps correspondent accounts with banks in Lithuania, Latvia, Estonia, Kazakhstan, the Ukraine and Byelarus (in those countries' national currencies). Late in 1993, Mestbank held Byelarus rouble trades, the first trades of this kind in Russia.
Independent auditing of Mestbank's books has been done by the well-known international auditors "PriceWaterhouseCoopers".
Address: 21/33 Krzhizhanovski st. 117218 Moscow, Russia
Contact telephones:
Secretariat:
(095) 124 7637
Contacts with Clientele Division:
(095) 124 7777, 1242547
State-Issued Securities Department:
(095) 129 4100, 124 6338
Correspondent Banking Department:
(095) 124 2729
Inter-Bank Contacts Department:
(95) 124 2700, fax: (095) 125 7355
Liquidity Management Division:
(095) 129 2177
Retail Banking Division:
(095) 125 7277
Legal Department:
(095) 124 2522.
|
