Evrofinance Mosnarbank Moscow was established at the end of 2003 as a result of a merger of Evrofinance Bank and CB 'Mosnarbank'. Such amalgamation was a natural development due to the fact that Bank Evrofinance and CB 'Mosnarbank' were incorporated as subsidiaries of major Russian owned banks based abroad and had common missions and business objectives.
The expansion of banking services into promising economic regions of Russia is among the fastest-growing business lines of Evrofinance Mosnarbank. The bank uses up-to-date banking technologies to provide its regional clients with a full set of services and it takes into account the changes in the regions' economic and social life and other regional specifics.
At present, the shareholders in Evrofinance Mosnarbank include BCEN-EUROBANK Moscow Narodny Bank Ltd as well as leading Russian banks and corporations: Vneshtorgbank, Vnesheconombank and OOO ‘RGS-Invest’ (which is a wholly-owned subsidiary of OAO ‘RosGosStrakh Invest’), etc.
Over a number of years Evrofinance Mosnarbank has been one of the largest Russian banks ranked by total assets and shareholders' equity. It is also one of the most profitable and reliable domestic credit institutions. Relying on the financial results of the year 2001, Standard & Poor’s ranked Evrofinance Bank as the most profitable bank among the top-100 banks of Central and Eastern Europe.
Being a versatile credit institution, Evrofinance Mosnarbank holds all licences required for effecting any banking operations permitted by Russian law.
Branch network of Evrofinance Mosnarbank consists of branches and remote offices in Saint Petersburg, Vladimir, Krasnoyarsk, Nizhny Novgorod, Rostov-on-Don, Stavropol, Yaroslavl, Voronezh, Pyatigorsk and Nevinnomyssk.
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