History
2009
September
JSB ORGRESBANK is renamed to OJSC Nordea Bank. A finishing touch to the name-change process is making relevant amendments to the Directory of Bank Identification Codes (BIC) with the Central Bank of the Russian Federation, whereby the name of JSB ORGRESBANK (OJSC) on 17 September is replaced by OJSC Nordea Bank.
June
The Board of Directors of JSB ORGRESBANK decides to appoint Igor Kogan a Deputy Chairman of the Board of Directors. Igor Bulantsev, who previously held the position of First Deputy Chairman of the Management Board, replaces him as Chairman of the Management Board.
June
The shareholders of JSB ORGRESBANK decide at a General Meeting to change the bank’s name to OJSC Nordea Bank. The relevant amendments have been made to the Articles of Association of the bank.
May
While consolidating a 100 per cent stake in JSB ORGRESBANK, Nordea increases its Russian subsidiary’s equity capital by 3.8 billion roubles. Thus, the bank’s share capital is 1.01 billion roubles and its IFRS equity as of 1 April 2009 is 23.3 billion roubles.
April
JSB ORGRESBANK starts issuing customs cards of the Green Corridor paying system.
The new product allows the execution of all kinds of customs payments through cashless settlement in a quick, qualitative and reliable way.
2008
June
JSB “ORGRESBANK” launches “Yamskoye Pole”, an all-retail branch. The branch offers a full range of banking products and services to private individuals.
May
The bank implements “Retail Customer”, an e-banking system enabling customers to receive account statements and manage their accounts 24/7 online.
A regional branch in Arkhangelsk is launched.
April
JSB “ORGRESBANK” hits the top 30 Russian banks by capital, with over 10 billion roubles in equity as of 1 April 2008. The equity of JSB “ORGRESBANK” is increased by 3.8 billion roubles following an additional share issue. Upon the registration of the issue results, Nordea’s holding in the bank reaches 83 per cent.
Regional branches in Ekaterinburg, Rostov-on-Don and Volgograd as well as operating branches in Voronezh, Lipetsk and Yaroslavl, part of the regional branch in Stary Oskol, commence operations.
March
A regional branch in Chelyabinsk and an operating branch in Belgorod, part of the regional branch in Stary Oskol, are launched.
February
On 1 February 2008 Fitch Ratings, a leading global rating agency, affirms its ratings of JSB “ORGRESBABK”: Long-term Issuer Default Rating (IDR): A- (A minus); Short-Term Rating: F2; Individual: D; Support Rating: 1; National Long-Term Rating AAA (rus). The Bank’s IDR outlook and National Long-Term Rating outlook are Stable.
The CB RF registers an additional share issue of JSB “ORGRESBANK”. The offering is made under private subscription to Nordea, the Bank’s majority shareholder.
JSB “ORGRESBANK” launches a mortgage centre.
A regional branch in Stary Oskol and Zarechensky co-branch in the Penza Region are launched.
January
The Board of Directors of JSB “ORGRESBANK” resolves to increase the authorised capital up to 824.26 million roubles with the capital injection from the majority shareholder. The value of additional common registered uncertified shares issued totals over 240 million roubles.
A regional branch of JSB “ORGRESBANK” in Novosibirsk starts service provision.
2007
March
Fitch Ratings upgrades JSB Orgresbank’s ratings.
Foreign Currency: Long-Term IDR: "A-"; Short-term: "F2"; Outlook: Stable
National: Long Term: AAA (Rus); Outlook: Stable
Individual D
Support 1
JSB Orgresbank is the second bank in Russia to receive such high ratings from Fitch Ratings international agency.
Nordea Bank finalises the acquisition deal of a 75.01 per cent stake in JSB Orgresbank.
2006
NovemberNordea signs an agreement to purchase a 75.01 per cent stake in JSB Orgresbank.
First RUB-denominated bonds placement.
New strategy approved for 2006-2010.
February
First international syndicated loan placement.
2005
Admitted to EBRD's TFP.
2004
Admitted to the State Deposit Insurance System.
2003
Bank is granted international rating by Fitch Ratings.2002
Capital is increased to 1,900 million roubles.
2001
Clearing and depositary bank of the Interbank Clearing System.
2000
Financial statements are prepared in accordance with IFRS.
Capital is increased to 1,200 million roubles.
1999
New shareholders acquire majority stake.