Gazprombank, or GPB (JSC), is a private-owned Russian bank, the third largest bank in the country by assets. Since November 2014, Yuri Shamalov's Gazfond is its largest shareholder. Gazprombank is one of the main channels for payments for Russian oil and gas.[4]
The bank’s principal business areas are corporate banking, retail banking, investment banking and depository services. Its banking activities also include securities trading, foreign exchange operations, precious metals operations, clearing operations and settlement services.
The bank has a distribution network of 43 branches and over 260 banking outlets located throughout the Russian Federation. GPB also has ownership interests in three other Russian banks. In addition, Gazprombank is represented in the market of Belarus through ownership interests in foreign bank: Belgazprombank (Belarus). Gazprombank (Switzerland) Ltd announced it was ceasing to trade in October 2022. Gazprombank also has representative offices in Mongolia, China and India.
History
The Commercial Bank of the Gas Industry “Gazprombank” was established on July 31, 1990. In August 1996, its organizational and legal form was changed to a limited liability company; on November 13, 2001, the bank became a closed joint-stock company under the name “Joint-Stock Commercial Bank of the Gas Industry ‘Gazprombank’”; from August 31, 2007, it operated as an open joint-stock company under the same name,