AKB Avangard PAO banner

Company Overview

Business Description

Sector
Financials
Industry
Banking
Headquarters
Russia RU
IPO date
Jun 21, 2012

AKB Avangard PAO is a Russian commercial bank. It takes deposits, makes loans, and handles everyday banking services for businesses and private customers. The bank also supports corporate clients with cash management, payroll services, trade finance, foreign exchange, and payment processing, which makes it more of a business banking partner than a simple retail lender.

The bank earns money mainly from interest on loans and from fees for banking services such as transfers, settlements, card activity, and trade-related transactions. Its main customers are companies that need working capital, payment support, and foreign trade services, along with individual customers who use the bank for savings, payments, and other routine financial needs.

What makes Avangard’s business model different is its emphasis on serving companies that need practical day-to-day banking and cross-border transaction support, rather than trying to be a broad universal bank for everyone. In that role, it sits in the middle of the payment and financing chain, helping businesses move money, manage liquidity, and finance trade while building recurring fee and interest income.

AKB Avangard PAO Investor Relations

Address
ul. Bol'shaya Yakimanka, d. 1
Moscow
Russia

Business Segments

Corporate banking

This part serves companies with everyday banking needs such as current accounts, payments, cash management, deposits, and short-term lending.

Customers and revenue model

Trade finance

This part supports companies that buy and sell goods, including letters of credit, guarantees, documentary payments, and other settlement services tied to trade deals.

Customers and revenue model

Card and payment services

Description, customers and revenue model

Management

Mr. Kirill Vadimovich Minovalov

Chairman & President

Biography unavailable

Valery Leonidovich Torkhov

Chairman of the Management Board

Biography unavailable

Mr. Sergey Borisovich Nikolaev

Deputy Chairman of the Board & Member of Management Board

Biography unavailable

Mr. Vladimir Yevgenievich Andreyev

Deputy Chairman of the Management Board

Biography unavailable

Mr. Stanislav Feliksovich Konovalov

Member of Management Board

Biography unavailable

Vishnevskaya Yulia Yurievna

Member of Management Board, Chief Accountant and Head of Accounting & Reporting

Biography unavailable

L. V. Korshunova

Deputy Chief Accountant

Biography unavailable

Mr. Igor Burlakov

Director of Treasury

Biography unavailable

1 / 8