EDUCATIONAL INSTITUTION

KAZAN BANKING SCHOOL (COLLEGE) OF THE CENTRAL BANK OF THE RUSSIAN FEDERATION

GRADUATE WORK

on the topic Formation and evaluation of deposit policy commercial bank

Knyazeva Maria Vyacheslavovna

Group: 54

Specialty: 080108 Banking

Head: N.A. Sorokina

Reviewer: I.Z. Osipova

Cleared for defense

Deputy Director for Academic Affairs F.G. Chistyakova

Kazan 2009

Introduction

1. Theoretical basis formation of deposit policy of commercial banks

1.1 Formation of deposit policy of commercial banks

1.2 Classification of deposit operations of commercial banks

2. Organization and procedure for accounting for deposit transactions using the example of OJSC Rosselkhozbank

2.1 Characteristics of the activities of OJSC "Rosselkhozbank"

2.2 Work of OJSC Rosselkhozbank to attract deposit funds

2.3 Accounting and control of deposit transactions

3. The deposit insurance system in Russia and ways to improve it

3.1 Deposit insurance (guarantee) system in Russia and ways to improve it

3.2 Development of the deposit market and changes in crisis conditions

Conclusion

List of used literature

Introduction

The specificity of a banking institution as one of the types of commercial enterprise is that the overwhelming majority of its resources are formed not at the expense of its own, but at the expense of borrowed funds. Banks’ opportunities for raising funds are not unlimited and are regulated by central bank in any state. Since 1996, central bank Russian Federation(Bank of Russia) abandoned direct regulation of the relationship between the size of a bank’s capital and the volume of attracted funds and switched to indirect regulation through a number of mandatory economic standards, such as the capital adequacy standard, maximum size risk per creditor, maximum amount of borrowing cash deposits population and others.

A commercial bank has the opportunity to attract funds from enterprises, organizations, institutions, the public and other banks in the form of deposits and open appropriate accounts for them. The funds attracted by banks are varied in composition. Their main types are funds raised by banks in the process of working with clients (deposits), funds accumulated by issuing their own debt obligations (certificates of deposit and savings certificates).

The most important component of the entire banking policy is the policy of forming a resource base. Formation of a resource base in the process of implementation by the bank passive operations historically played a primary and determining role in relation to its active operations. Main part banking resources, as is known, is formed in the process of conducting deposit operations of the bank, on the effective and correct organization of which the sustainability of the functioning of any credit institution ultimately depends. In this regard, issues of increasing resource potential and ensuring its stability through effective management passives acquire particular poignancy and relevance.

The resource base of credit institutions in the period from September 2008 was supported mainly by funds raised from the Bank of Russia and budget deposits. By 01/01/2009, the volume of loans, deposits and other borrowed funds received by credit institutions from the Bank of Russia reached 3.4 trillion. rub., or 12% of liabilities banking sector(as of 01/01/2008 34.0 billion rubles, or 0.2%, respectively). In addition, state corporations place temporarily available funds in banks. These measures made it possible to replace funds withdrawn by clients (legal entities and individuals). The banking sector, even during periods of tense situation in the financial markets continuously made payments, including settlements with budgets of all levels.

Balances in customer accounts in 2008 increased by 20.4% to RUB 14,748.5 billion. (by 42.0% in 2007). The share of this source in the liabilities of the banking sector as of 01/01/2009 was 52.6% (as of 01/01/2008 60.9%). The decline in the growth rate of funds in customer accounts was influenced by the negative dynamics of account balances corporate clients, and by deposits individuals, especially in the fourth quarter.

The decrease in the ruble exchange rate against the US dollar and euro in the fourth quarter of 2008 increased the population’s propensity to save in foreign currency: in the total volume of deposits, the share of the foreign currency component increased from 12.9% as of 01/01/2008 to 26.7% as of 01/01/2009 (Annex 1).

The main tasks for managing deposit operations of the bank are:

Do not allow the bank to have attracted and borrowed money that do not generate income, except for that part of them that ensures the formation of required reserves;

Find the necessary credit resources for the bank to fulfill its obligations to clients and develop active operations;

Ensure the bank makes a profit by attracting cheap resources.

In connection with the above, the purpose of this study is to analyze the procedure for forming the deposit policy of a commercial bank using the example of OJSC Rosselkhozbank.

OJSC Rosselkhozbank - specialized commercial Bank, 100% of the share capital is in Federal agency on federal property management (Rosimushchestvo). Full name Open Joint Stock Company "Russian Agricultural Bank" (hereinafter referred to as Rosselkhozbank).

OJSC Rosselkhozbank was established State Corporation"Agency for Restructuring of Credit Institutions" 01/21/2000

On March 15, 2000, Order No. 75-rp of the President of the Russian Federation was issued approving the proposal of the Government of the Russian Federation to create a Russian Agricultural Bank to form a national credit bank on its basis. financial system servicing commodity producers in the field of agro-industrial production.

04/24/2000 OJSC Rosselkhozbank was registered by the Bank of Russia and received a license to carry out banking for No. 3349 dated June 13, 2000

In July 2001, the state represented by Russian Foundation federal property(Rosimushchestvo) acquired 100% of the bank's shares.

On December 30, 2002, OJSC Rosselkhozbank received a license to carry out transactions with in cash individuals for No. 3349, and on July 25, 2007 - General license for banking operations No. 3349,

OJSC Rosselkhozbank has a network of 78 branches and 1,300 additional offices. According to Interfax-CEA, as of January 1, 2008, the bank ranked ninth among Russian banks in terms of assets (RUB 236.4 billion), twelfth in terms of equity(19.2 billion rubles), twenty-first place - in profit before taxes (2.69 billion rubles).

The Bank has the right to carry out the following transactions:

Issuance of guarantees for third parties, providing for the fulfillment of obligations in monetary form;

Trust management of funds and other property under agreements with individuals and legal entities;

Acquiring the right to demand from third parties the fulfillment of obligations in monetary form;

Carrying out transactions with precious metals and precious stones in accordance with the legislation of the Russian Federation;

Providing for rent to individuals and legal entities special premises or safes located in them for storing documents and valuables;

Leasing operations;

Providing consulting and information services Charter of OJSC Rosselkhozbank.

The priority area of activity of OJSC Rosselkhozbank is working with the population in the field of attracting deposits. In this area, the bank has a strong position due to the effective combination of the quality of settlement services with savings management capabilities. Depositors of OJSC Rosselkhozbank can choose the most convenient scheme for protecting and increasing their savings. The bank offers clients a flexible system of deposits in rubles and foreign currencies, special types deposits, allowing you to combine the efficiency of a current account and the profitability of a term deposit.

OJSC Rosselkhozbank offers legal entities and individual entrepreneurs the placement of temporarily free funds in rubles and foreign currency deposits(Appendices 3,4).

In 2008, the volume of attracted deposits from the population increased by 92% and reached 44 billion rubles. Even during exacerbation financial crisis a monthly increase in deposits was recorded. At the end of 2008, the increase in funds on deposits and accounts of legal entities amounted to 34 billion rubles.

In addition, the Bank offers Management Companies Non-State pension funds place funds from pension reserves and pension savings into time deposits.

All deposits of OJSC Rosselkhozbank are characterized by flexible terms, market interest rates and the ability to choose the frequency of interest payments - monthly, quarterly or at the end of the term. An individual approach to setting interest rates is possible.

When opening a deposit account, the condition that a legal entity or individual entrepreneur has a settlement (current) account with the bank is not mandatory. If the bank has such an account, the list of documents will be shortened.

Considering the deposits of OJSC Rosselkhozbank from the perspective of profitability, we can make an assumption about the preference for long-term deposits. From this point of view, a convenient solution is long-term deposits, the regime of which allows both an increase in the amount of the deposit during its validity period, and partial withdrawal funds from the account. During the validity period of such a deposit, all additional contributions will be subject to the interest rate established at the beginning of the year, despite the fact that interest rates on newly opened deposits at this time may be significantly lower. On the other hand, if interest rates do rise during the year, then the depositor has the opportunity to withdraw part of the deposit at any time without any loss and invest the received funds in new contribution at the rate in effect at that moment.

3.1. Deposit operations

Deposit operations of OJSC Rosselkhozbank are regulated by a number of internal instructions. All divisions of OJSC Rosselkhozbank that carry out actions with funds and other property are guided in their activities by the “Rules internal control OJSC "Rosselkhozbank" in order to combat the legalization of income obtained through and the financing of terrorism" No. 85-P, developed in accordance with No. 115-FZ and approved by the Chairman of the Board of OJSC "Rosselkhozbank" on April 22, 2013.

Basic principles of internal control of OJSC Rosselkhozbank:

Ensuring the protection of the bank from the penetration of criminal proceeds into it;

Managing the risk of money laundering and terrorist financing in order to minimize it.

The main goal of the “Internal Control Rules” is to exclude the involvement of the bank, its managers and employees in activities related to the laundering of proceeds from crime and the financing of terrorism.

The “Rules” include the following internal control programs:

Program for organizing a system for combating legalization of proceeds from crime and the financing of terrorism;

Program for identification by the bank of the client, client representative, beneficiary;

Money Laundering and Terrorist Financing Risk Management Program;

A program for identifying transactions in the activities of clients that are subject to mandatory control, and transactions in respect of which there are suspicions that they are carried out for the purpose of legalizing proceeds from crime and financing of terrorism;

A program for organizing work in the bank to refuse to conclude a bank account agreement with an individual or legal entity and refuse to carry out client orders to complete a transaction;

A program that defines the procedure for interaction with persons entrusted with identification;

A program defining the procedure for suspending transactions with funds and other property;

Training program for employees of OJSC Rosselkhozbank on combating money laundering and the financing of terrorism.

OJSC Rosselkhozbank provides deposit services to both legal entities and individuals. The main documents are “Rules for opening, maintaining and closing accounts in OJSC Rosselkhozbank for deposits of legal entities and individual entrepreneurs” No. 172-P and “Rules for performing transactions on deposits of individuals in OJSC Rosselkhozbank” No. 173-P.

“Rules for opening, maintaining and closing accounts in JSC Rosselkhozbank for deposits of legal entities and individual entrepreneurs” No. 172-P establishes:

Distribution of powers between the bank’s structural divisions in the field of opening and closing deposit accounts, including the procedure for maintaining and storing the book of registration of open accounts;

The procedure for establishing the presence at the location of a legal entity of its permanent management body, other body or person that has the right to act on behalf of the legal entity without a power of attorney;

The procedure for the bank’s production of documents used when opening and closing deposit accounts, as well as the procedure for the bank’s production and certification of copies of documents provided by the client;

Rules for document flow from the moment of receiving documents from the client until the moment the client is informed of the account number for the deposit;

Procedures for accepting documents for opening a deposit account;

The procedure for notifying clients about the details of their deposit accounts;

The procedure for recording and storing documents received when opening, maintaining and closing deposit accounts;

Cases and procedure for forming one legal case on several client accounts;

Procedure for access to clients' legal accounts;

The procedure for transferring legal cases in bank divisions;

Frequency of updating information about clients and persons whose identities must be established when opening a deposit account;

Other provisions governing the opening and closing of deposit accounts.

The rules for performing transactions on deposits of individuals at OJSC Rosselkhozbank determine:

Identification documents of individuals performing deposit transactions;

The procedure for opening and closing deposit accounts, the procedure for performing transactions on deposits - accepting cash deposits and crediting non-cash receipts, paying out cash and non-cash transfer of amounts from deposit accounts, calculating, accruing and accruing income due on a deposit, calculating and withholding tax on income in cases established by the legislation of the Russian Federation;

The procedure for maintaining and storing the registration book open accounts on deposit transactions;

Procedure for accepting documents for opening deposit accounts;

Rules for document flow from the moment of receiving documents from an individual until the moment of communicating to him the account number for recording the deposit;

The procedure for obtaining and completing a sample signature of the depositor if the deposit was opened in favor of a third party;

The procedure for notifying individuals about the details of their deposit accounts;

The procedure for recording and storing documents received when opening, maintaining and closing deposit accounts;

Procedure for access to legal accounts of investors;

Frequency of updating information about the investor;

The procedure for disposing of deposits both by the depositor himself and his representative, whose rights are based on the law or on a power of attorney issued by the depositor, or an act of an authorized state body or local government body, features of the disposal of deposits of minors, as well as adults under guardianship or guardianship;

The procedure for drawing up investor orders in the event of death;

The procedure for issuing certificates of deposits, searching for deposits, imposing and removing seizure of funds on deposit, foreclosure on deposits in cases provided for by the current legislation of the Russian Federation.

The result of the deposit operation is the conclusion of a deposit agreement.

OJSC Rosselkhozbank offers its clients various deposit programs.

Let's look at the various deposits offered to individuals.

Table 5 - Deposit options for individuals.

Name	Interest payment	Deposit term (days)	Currency and minimum size down payment	Deposit replenishment	Expense transactions with maintaining interest rate	Maximum deposit amount
Deposit "Classic"	Optional: at the end of the term or monthly, per account or capitalization	from 31 to 1460	RUR 3,000 USD 100 EUR 100			No limits
Deposit "Accumulative"		from 91 to 730	RUR 3,000 USD 100 EUR 100
Deposit "Managed"	Monthly: to account or capitalization	from 180 to 730	RUR 10,000 USD 300 EUR 300			RUR 10,000,000 USD 300,000 EUR 300,000
Deposit "Pension Plus"	Monthly capitalization
Deposit "Golden"	At the end of the term, capitalization	from 91 to 1460				No limits
Platinum deposit	Monthly: to account or capitalization	from 91 to 1095	RUR 1,500,000 USD 50,000 EUR 50,000			Five times your down payment
Deposit "On Demand"	Quarterly, capitalization	No limits	RUR 10 USD 5 EUR 5			No limits

Let’s take a closer look at the terms of the “Managed” deposit:

The minimum down payment is 10,000 Russian rubles / 300 US dollars / 300 euros;

Interest is capitalized monthly or transferred to an account of your choice;

Replenishment of the deposit is provided no later than 30 calendar days before the end of the deposit period;

The minimum amount of additional contribution to the deposit is 5,000 Russian rubles / 150 US dollars / 150 euros;

Maximum amount deposit 1,500,000 Russian rubles / 50,000 US dollars / 50,000 euros;

Expense transactions with saving interest rate provided for under the condition that the minimum balance on the deposit is maintained;

The minimum deposit balance is determined by the client at his choice;

The minimum balance is not subject to change during the entire term of the deposit;

In case of early withdrawal of the deposit, interest is paid at the rate of the “On Demand” deposit in the corresponding currency;

Automatic extension of the deposit is carried out for the same period on the terms and at the interest rate in the relevant currency in force at the Bank on the day following the expiration date of the previous term.

JSC Rosselkhozbank offers legal entities and individual entrepreneurs the placement of temporarily available funds into deposits in rubles and foreign currency.

When setting interest rates, an individual approach is applied to each investor.

The list of required documents for opening an account is given in Appendix 2.

Let's look at the dynamics and structure of client account balances.

Table 7 - Dynamics and structure of balances in client accounts of OJSC Rosselkhozbank

Indicator name

1. Funds in the accounts of clients who are not credit institutions, total, incl.
1.1 budget funds
1.2 settlement and current accounts
Financial organizations
commercial organizations
non-profit organizations
other organizations
1.3 Other accounts, incl.
legal entities
individual entrepreneurs
individuals

continuation of Table 7 - Dynamics and structure of balances in client accounts of OJSC Rosselkhozbank

other accounts
1.4 Funds in settlements
2. Deposits, total, including:
2.1 Deposits of legal entities
deposits of financial authorities
deposits financial organizations
deposits commercial organizations
deposits of non-profit organizations
deposits of non-resident legal entities
2.2 Deposits from individuals
2.3 Other funds raised

Table 7 shows that in dynamics there is an increase in the balances of funds in customer accounts, so, in 2011, the volume of funds amounted to 878,778 million rubles, while in 2013 - 1,060,536 million rubles, the deviation was 181,758 million . rub.

In the structure of fund balances, the following trend can be noted - the total amount of deposits is about 90% of the amount of all funds. At the same time, the change in deposits in 2013 compared to 2011 amounted to 75,200 million rubles.

In general, according to the table, there is an increase in indicators, however, in structural terms, a decrease in some indicators can be observed. For example, deposits of financial bodies, commercial organizations, and legal entities have decreased.

Let's analyze the dynamics and structure of client account balances by degree of urgency (Table 8).

Table 8 - Dynamics and structure of balances in customer accounts by maturity level of Rosselkhozbank OJSC

Indicator name				Change from 2013 to 2011
Indicator name	million rubles	million rubles	million rubles	million rubles

Legal deposits persons, incl.
Poste restante
Up to 30 days
From 31 to 90 days
From 91 to 180 days
From 180 days to 1 year
From 1 year to 3 years
More than 3 years
Other means
Deposits from individuals persons, incl.
Poste restante
From 31 to 90 days
From 91 to 180 days

continuation of Table 8 - Dynamics and structure of balances in customer accounts by degree of maturity of Rosselkhozbank OJSC


From 180 days to 1 year
From 1 year to 3 years
More than 3 years

From the data presented in Table 8 it is clear that the total amount of funds for the period under review increased by 75,200 million rubles compared to 2011.

The structure of deposits of individuals increased every year. In 2013, its share was 45.3% of total amount funds, while in 2011 this type deposits amounted to 31.8%. In absolute terms, the increase amounted to 97,603 million rubles. , in relative terms - an increase of 70.4%.

The share of deposits of legal entities in the overall structure of funds is decreasing every year, in 2013 its value was at the level of 51.4% of the total amount of funds in 2013, in 2011 the value of this indicator was 58.7%. However, if we consider the value of deposits of legal entities in dynamics, then compared to 2011, in 2013 this figure increased by 1%, which amounted to 4,481 million rubles.

Let us analyze the structure and dynamics of interbank borrowings for 2011-2013. at OJSC Rosselkhozbank (Table 9).

Table 9 - Analysis of the structure and dynamics of interbank attractions in OJSC Rosselkhozbank

Name of liabilities				Deviation 2013 from 2011
Name of liabilities	billion rubles	mrd. rub.	mrd. rub.	billion rubles

1. Funds in the calculations of everything, incl.
on correspondent accounts
settlements with branches
settlements on ORTSB
securities settlements
2. Loans and deposits received, total, incl.
from the Bank of Russia
from resident credit institutions
from non-resident credit institutions

The total share of funds in settlements for the period under study increased by 1,350,676 million rubles. , which is 118% more than in 2011. In the structure of interbank attractions, the share of funds in settlements is 89.9% for 2013.

In 2013, loans and deposits received accounted for only 10% of the total volume of funds, while in 2011 this figure was 16%. Over the period of time under study, one can note an increase in loans and deposits in 2013 compared to 2011 by 46,275.7 million rubles. or by 20%.

If we consider the change in the situation as a whole, then interbank borrowings increased more than 2 times compared to the level of 2011 and amounted to 2,770,613.8 million rubles in 2013.

Let's calculate a system of coefficients to evaluate the effectiveness of the bank's deposit policy. (Table 10)

Table 10 - Coefficients assessing the resource base of OJSC Rosselkhozbank

Coefficient name				Deviation of 2013 from 2011 (+,-)

Autonomy (independence) coefficient
Impact coefficient of short-term bank loans
Customer base scale factor
Liability structure coefficient
Interbank borrowing utilization ratio
Efficiency ratio of using raised funds by income
Return on funds raised

For 2011 - 2013 there is an increase in such indicators as the autonomy coefficient, the influence coefficient of short-term bank loans, the liability structure coefficient, the increase was 0.012; 0.013; 0.014 points respectively. However, the following ratios decreased - the scale ratio of the client base and the ratio of the use of interbank borrowings by 0.013 points each, the efficiency ratio of the use of raised funds by income decreased by 0.119 points. The profitability of funds raised also underwent changes - the indicator decreased by 0.039 points.

Deposit operations of OJSC Rosselkhozbank

By implementing the appropriate deposit policy, it is advisable to expand the circle of clients by applying to them various conditions investments that would better suit their interests. When carrying out deposit operations, it is important to ensure their consistency over time. sums of money With credit operations. In managing deposit operations, control over time deposits, especially short-term ones, which most contribute to ensuring adequate balance sheet liquidity, is essential. When planning the dynamics of deposit and savings operations, banking specialists must organize practical work in such a way that reserves free funds on deposit accounts, that is, those that are temporarily not used to provide loans, were insignificant. Note that reserves of temporarily free bank resources are calculated by subtracting the amount of loan debt from the amount of balances on settlement, current and other deposit accounts. In order to increase the efficiency of passive operations, bank managers must constantly diversify services and improve the quality and culture of customer service, which will help expand opportunities for attracting deposits and savings deposits.

The deposit agreement is written in great detail. The interests of the depositor and the bank are equally explained. Urgent deposits open both in rubles and in foreign currency. Maximum bet in rubles is 10.2% per annum; in US dollars 4%; euro - 4.25%.

Rosselkhozbank has developed deposits for different age groups:

-children's deposits
-regular deposits for individuals
- pension deposits

Let's start with everything in order. IN financial analysis We will pay more attention to the Russian ruble.

The Agro-Debut deposit is opened in the name of your child. Those. Until adulthood, you can accumulate funds on it and give them to your son and daughter. Here the leading role is played by the progressive interest rate. Starting from 5% when storing funds for 1 year, ending at 6.75% at the end of the deposit period. Interest is calculated through quarterly capitalization.

Such children's deposits increase profitability up to 7% per annum. Capitalization of the deposit, i.e. The increase in the first installment and the accumulated amount is made over a period of 5 years. The low minimum amount and free additional contributions show a high degree of accessibility for Russian citizens. The only thing is that the registration is done in the name of a third party, i.e. in favor of the child.

Agro-Stimul - classic savings deposit with capitalization. Characterized by progressive urgency of demand. Those. it can be opened for either 91 days or 2 years. In this case, the interest rate will be higher, the longer the term. Interest can be withdrawn monthly.

The Agro-Ideal deposit allows you to make expense transactions up to a minimum balance of 20,000 rubles. This amount is the minimum down payment. Such deposits are opened for a period of 180 days to 2 years. The larger the down payment, the higher the interest rate. Options available:

20,000 - 60,000 rubles
60,001 - 100,000 rubles and above 100 thousand.

An interesting feature is that if you invest money for a year or 2, the percentage will be absolutely the same from 5.25% to 6.25%.

Agro-Classics is the contribution of “one firm decision”. You just need to invest 300 rubles. An increasing progressive rate is combined with a progressive amount and term. Invest more on long period, you will get more. But here you need to immediately decide on the amount of the deposit, because... no replenishment provided. Agro-Classic deposits offer the highest return among all presented.

The Agro-Bonus deposit is made by opening a main account and a demand account, where interest will be accrued. There are only 2 gradations: 180 days and 1 year. You can come and withdraw dividends every month.

The most favorable conditions at Rosselkhozbank for pensioners. The Pension deposit has a constant interest rate even if the money is withdrawn early. Since interest is calculated monthly, then special condition is capitalization. Any amounts of additional contributions and expense transactions up to the minimum balance of 500 rubles. Another proposed contribution, Pension Lux, has a higher interest rate and a minimum down payment amount.

Deposits for the wealthiest clients of Rosselkhozbank start from the amount of 500,000 rubles. Agro-Vip opens for periods of 180 days, 1 year, 1 year 6 months. Accordingly, additional contributions from 50,000 rubles. Expense transactions provide for the recalculation of accrued interest in accordance with the amount gradation.

For clarity, deposits of individuals of Rosselkhozbank are grouped in a table (deposit period is taken into account as 1 year, currency - rubles)

Table 3.1. Deposits of individuals

General characteristics of OJSC Rosselkhozbank

Open Joint Stock Company "Russian Agricultural Bank" is a credit organization established in accordance with the Federal Law of the Russian Federation "On Banks and Banking Activities" and the Federal Law of the Russian Federation "On joint stock companies» for the purpose of implementing credit - financial policy of the Russian Federation in the agro-industrial complex and the formation of an effective system of credit and financial services for the agro-industrial complex.

The corporate (full official) name of the Bank is Open Joint Stock Company “Russian Agricultural Bank”; the abbreviated corporate name of the Bank is OJSC Rosselkhozbank; name of the Bank on English language- Russian Agricultural Bank. The Bank has the exclusive right to use its corporate name.

Location (mailing address) of the Bank: Russian Federation, 119034, Moscow, Gagarinsky lane, building 3.

OJSC "Rosselkhozbank" was established by the State Corporation "Agency for Restructuring Credit Institutions" on January 21, 2000. On March 15, 2000, the order of the President of the Russian Federation No. 75 - rp was issued with approval of the proposal of the Government of the Russian Federation to create a Russian Agricultural Bank for the formation on its basis national credit and financial system for servicing commodity producers in the field of agro-industrial production. Registration of OJSC Rosselkhozbank by the Bank of Russia took place on April 24, 2000 under No. 3349 and receipt of a license to carry out banking activities under No. 3349 dated June 13, 2000. In September 2000, the Bank began servicing clients at the head office and opening correspondent accounts. In July 2001, ARCO Group of Companies left the Bank's shareholders and the state, represented by the Russian Federal Property Fund, acquired a 100% stake in the Bank. In order to expand its activities, on December 30, 2002, OJSC Rosselkhozbank received a license for the right to carry out transactions with funds of individuals No. 3349, and on July 25, 2007 - a General license for banking operations No. 3349.

The management bodies of the Bank are:

- General meeting of shareholders of the Bank;
- Supervisory Board of the Bank;
- Board of the Bank (collegial executive body);
- Chairman of the Board of the Bank (sole executive body).

The supreme management body of the Bank is the general meeting of shareholders of the Bank.

The Supervisory Board of the Bank carries out general management of the Bank's activities, with the exception of resolving issues referred to by the Federal Law “On Joint Stock Companies” within the competence of the general meeting of shareholders of the Bank.

Management current activities The Bank is carried out by a collegial executive body- The Board of the Bank and the sole executive body - the Chairman of the Board of the Bank.

The Board of the Bank and the Chairman of the Board of the Bank are accountable to the Supervisory Board of the Bank and general meeting shareholders of the Bank.

Currently, the Bank is successfully developing and is among the top twenty largest banks in Russia, its authorized capital as of 02/14/2008 amounted to 27,728,000,000.00 rubles. OJSC Rosselkhozbank now ranks second in the Russian Federation after Sberbank in terms of the number of its divisions - 77 branches and 1,264 additional offices have been opened. Krasnodar branch was registered in September 2000, add. offices are open in all major cities the edges. Work to expand the network continues.

OJSC Rosselkhozbank carries out the following Bank operations:

1) attracting funds from individuals and legal entities to deposits (on demand and for a certain period);
2) placement of the raised funds specified in subparagraph “a” on one’s own behalf and at one’s own expense;
3) opening and maintaining bank accounts for individuals and legal entities;
4) carrying out settlements on behalf of individuals and legal entities, including correspondent banks, on their bank accounts;
5) collection of funds, bills, payment and settlement documents and cash service individuals and legal entities;
6) purchase - sale foreign currency in cash and non-cash forms;
7) attraction of deposits and placement of precious metals;
8) issuance of bank guarantees;
9) making money transfers on behalf of individuals without opening bank accounts (except for postal transfers).
10) issuance of guarantees for third parties, providing for the fulfillment of obligations in monetary form;
11) acquisition of the right to demand from third parties the fulfillment of obligations in monetary form;
12) trust management cash and other property under an agreement with individuals and legal entities;
13) carrying out transactions with precious metals and precious stones in accordance with the legislation of the Russian Federation;
14) leasing to individuals and legal entities special premises or safes located in them for storing documents and valuables;
15) leasing operations;
16) provision of consulting and information services.

The Bank has the right to carry out other transactions in accordance with the legislation of the Russian Federation.

All listed banking operations and transactions are carried out in rubles and foreign currency.

The Bank has the right to carry out professional activity on the securities market in accordance with federal laws /31/.

OJSC Rosselkhozbank has a special role in lending to economic entities in the agro-industrial complex. The bank is a conductor of the state credit policy in the field of agro-industrial complex and includes a complete financial infrastructure to provide a specific food market, namely, companies: to work with government securities and shares of leading companies; for supplies to market participants of machinery and equipment on terms financial leasing; for insurance of loans and agricultural risks, etc.

Currently, in order to finance agricultural enterprises, JSC Rosselkhozbank has established a certain procedure for the use of credit resources. In order to obtain borrowed funds, the potential borrower must provide the bank with standard package documents. At the same time, special requirements are imposed by Rosselkhozbank OJSC on security documents. Thus, agricultural enterprises must submit in the case of:

1. real estate pledge - title documents and documents confirming ownership of the property; document on territorial boundaries land plot(copy of site boundary drawing) issued by the Committee for land resources and land management; certificate from the registration authority and technical inventory real estate object;
2. collateral Vehicle-- technical certificate; original and copies of vehicle registration certificates; decoding of the balance sheet item on which the cost of vehicles is taken into account (if the pledgor is a legal entity);
3. pledge of goods - material assets- a list of inventory items (specifications) pledged, indicating the specific price and date of purchase; warehouse certificate confirming the availability of goods; documents certifying ownership of the specified goods (contract specifications, invoices, customs and transport bills, payment documents, etc.); documents certifying the availability of warehouse premises for storing goods (ownership of warehouse premises, lease agreements for warehouse premises, etc.); documents on the quality of the goods offered as collateral (quality certificates, laboratory results and other documents);
4. pledge of production equipment in operation - list of equipment, year and country of origin, book value, degree of wear, residual value; documents confirming ownership of production equipment, inventory list fixed assets; technical documentation for equipment (passports, operating permits, commissioning certificates);
5. pledge of new production equipment - documents confirming ownership of the pledged item (contract with specifications, shipping documents); documents confirming payment of customs duties (for import); act of commissioning or act of acceptance and transfer;
6. pledge of farm animals - name of the animals (group), age, average head weight, number of heads, live weight, book value and collateral value; decoding of the balance sheet item “Animals for rearing and fattening”, certificate of the number of cattle by groups; document on the movement of livestock and poultry.

If the borrower meets the criteria and conditions of the procedure for compensation approved by the Government of the Russian Federation from federal budget differences in interest rates on loans received in credit institutions subjects of the agro-industrial complex, OJSC Rosselkhozbank can provide funds on the terms of compensatory lending. If the allocated credit resources are not used within 30 days from the date of receipt of funds in the specified manner, the bank has the right to redistribute them in agreement with the Ministry Agriculture Russia and subsequent approval by the Chairman of the Supervisory Board of the bank between other borrowers.

If the business entity does not belong to the category of clients entitled to receive budget funds In order to compensate for the difference in interest, the loan can be issued on the terms of commercial lending with an interest rate of 15% per annum.

Control for intended use funds received by business entities is entrusted to OJSC Rosselkhozbank /10, pp. 322 - 324/.