Barclays in Russia
Barclays completed the acquisition of leading Russian retail and commercial bank Expobank in 2008. In December 2008, Expobank received approval to trade under the name Barclays Bank Russia and started the process of rebranding its branches and office locations with Barclays brand.
It is now part of the Barclays Corporate business, positioned for dynamic growth.
Barclays Bank Russia provides services to more than 400,000 companies and private clients through a network of more than 350 ATMs, branches and service centres in Russia's major cities. As an issuer of MasterCard and VISA cards, Barclays is one of the leaders in the Russian acquiring business.
Barclays Capital also operates in Russia and is based in Moscow. The firm has taken responsibility for the Treasury and Capital Markets activities of Barclays Bank Russia. Its business currently includes trading of Russian government and corporate bonds, money market instruments, foreign exchange and precious metals.
In Russia, Barclays businesses include:
- Retail banking: Barclays Bank Russia offers a range of personal banking products and services including savings accounts, consumer loans, debit and credit cards, safety-deposit boxes, Premier Banking services
- Corporate banking: Barclays Bank Russia offers a range of services for corporate clients, and is set to build on its success with large corporate and multinational businesses
- Barclays Capital: provides large corporate, government and institutional clients with a full spectrum of solutions to their strategic advisory, financing and risk management needs.
