Founded in 1993, Otkritie Financial Corporation Bank is the parent company of Otkritie FC Banking Group, the 1st largest privately-owned and 5th largest banking group in Russia by total RAS assets according to Interfax-CEA data as at 1 April, 2014. As at 31 March 2014 total consolidated assets of the Group in accordance with IFRS stood at RUB 1 446.8 billion, total equity was RUB 136.9 billion. The Bank was given its current name – Otkritie Financial Corporation Bank – in June 2014 (previously, NOMOS-BANK). Otkritie FC Banking Group has an extensive branch network of 876 outlets in 57 economically important regions of Russia as at 31 March 2014, with the majority of its business concentrated in Moscow, St Petersburg, Tyumen (including the Khanty-Mansiysk autonomous district), the Novosibirsk and Khabarovsk regions, Yekaterinburg and Saratov. Otkritie FC Banking Group offers a wide range of banking products and services to corporate, small business and retail clients. As at 31 March 2014, Otkritie FC Bank served approximately 18,000 corporate customers, 140,400 small business clients and approximately 3,2m retail customers, including private banking clients. The Group has long-term international credit ratings of BB- from Starndard & Poor’s and Ba3 from Moody’s. The principal shareholder of Otkritie FC Bank is Otkritie Holding (74.9%). The Bank’s securities (in the form of GDRs) are publicly traded on the Moscow Exchange and the London Stock Exchange.