Loco-Bank is a universal commercial bank founded in 1994. The head office is located in Moscow. The bank is engaged in servicing retail and corporate clients, private wealthy clients (private banking), and also operates in the securities market.
The reliability of Loco-Bank has been confirmed internationally by the largest agency Fitch Ratings (BB-), as well as by the Russian rating agency ACRA (BBB+). Since 2004, the bank has been a member of the deposit insurance system, and since 2014 - an agent bank of the Deposit Insurance Agency for the payment of insurance indemnities to depositors of other banks, which provides customers with an additional guarantee of the safety of deposits of individuals.
In 2016, Loco-Bank adopted an updated strategy and began a process of deep transformation of business processes, which ensured the bank's transition to a digital model focused on remote customer service. The Bank is looking for new growth points and connects them with further digitalization: an increase in the number of remote services and services, their convenience, and a decrease in the need to visit offices. Continuous improvement of products and services, increasing the attractiveness of daily banking services, the development of technological infrastructure and the expansion of the digital segment are priorities for the bank.
Loco-Bank has a wide network of offices with 35 branches in 22 regions of the Russian Federation. The bank's clients are more than 130,000 individuals and more than 30,000 enterprises representing dozens of sectors of the Russian economy.
The participation of international investment funds in the bank's capital for more than 10 years has contributed to maintaining high standards of corporate governance and risk management, as well as improving key business processes. Loco-Bank continues to focus on the best global practices, and annual indicators demonstrate the constant dynamics of the bank's business development.