Bank GPB International plans to be a financial gateway between CIS, China and Asian economies
Institution seeks to expand its Asian client base through partnerships with large regional banks, particularly from China, Thailand and Vietnam
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Next to being one of Europe’s leading listing places for renminbi-denominated bonds, Luxembourg is also a global hub for cross-border investment funds and global banking business. Bank GPB International – a core subsidiary of Gazprombank Group – leverages its strategic location in Luxembourg to provide banking and financial services to clients with international activities in Europe and Asia.
“Our goal is to become a financial gateway between countries in the Commonwealth of Independent States (CIS), particularly in Russia and European financial markets, and key Asian economies,” says Dmitry Derkatch, Bank GPB International’s general director. The bank seeks to expand its Asian client base through partnerships with large regional financial institutions, particularly from China, Thailand and Vietnam, and with European subsidiaries of Asian financial institutions.
Bank GPB International earned a BB+ long-term credit rating from Standard & Poor’s in April 2016. Its parent Gazprombank, a joint-stock company, received an A- rating of credit capacity in foreign and national currencies from a Chinese rating agency last year, propelling the group to further develop its business networks across the region. To drive growth of its subsidiary, the group increased the bank’s share capital to €130 million (HK$1.1 billion).
Established in 2013, the bank has proven expertise across a broad range of financial services. Its corporate banking segment specialises in financing covered by export credit agency, financing solutions for international trading of various commodities, and documentary credit products.
High-net-worth individuals and corporate clients turn to the bank’s private banking and asset management services to help them diversify their Asia-oriented investment portfolios. On the global markets side, the bank provides fixed income, currencies, derivatives and commodities products.
To meet customers’ stringent requirements, the bank invests significantly in its technology and follows the Electronic Banking Internet Communication Standard, which provides banking clients a secure and standardised data transfer.
“We are the right window for potential financial investors, particularly for independent trading companies buying commodities from Europe and CIS countries, and industrial companies from Asia seeking to export to CIS and Russia,” Derkatch says.
Bank GPB International