23 Jan 2012

BFA Bank started cooperation with Non-state Pension Fund GAZFOND

NPF GAZFOND and BFA Bank implement a joint project in the area of compulsory pension insurance. From 2012 the Bank customers have the opportunity to get advice on this service and sign a contract of compulsory pension insurance with NPF GAZFOND in the office of BFA Bank in St. Petersburg.
"The traditional profile of BFA Bank is implementation of the individual approach of the Bank to each customer and offer of high quality financial services that will provide exclusive service within our joint project of compulsory pension insurance. In this regard, we hope that cooperation with BFA Bank will contribute to the effective promotion of products among the customers of the Bank - serious audience who think  about how to manage their money not only now, but in the future as well"- Rinat Baibekov, director of the St. Petersburg branch of NPF GAZFOND said.

"Inclusion in BFA product line of services designed to work with pension money,  corresponds to our strategy of providing customers with not only the classical banking services but also investment products - Denis Gumerov, Chairman of BFA Bank Management Board said. - As we strive in our work to offer our customers the best solutions, we started the cooperation with Russia's largest pension fund."

NPF GAZFOND is one of the largest pension funds in Russia since 1994. The founders of the fund are OAO Gazprom  , GPB (OJSC)  Gazprom dobycha Urengoy , Gazprom dobycha Yamburg , Gazprom transgaz Saratov LLC. The volume of pension fund reserves (as of September 30, 2011) is more than 294 billion rubles, or about 45% of pension reserves, formed by all NPFs of Russia. The amount of insurance reserves is 57.7 billion rubles. More than 218,000 people are members of private pension programs, of which over 97,000 citizens already receive non-state pensions from the fund.
BFA Bank offers a wide range of services for corporate and private clients. The Bank was founded on November 5, 1993 and registered by the Bank of Russia on August 4, 1994.
In 2006 the bank became a member of the North-West Association of Banks and the National Securities Market Association. In 2007 the bank acquired its current name of the Baltic Financial Agency Bank (BFA Bank). In 2011, Expert Rating Agency increased BFA Bank credit rating to Alevel. According to Interfax-CEA, BFA Bank ranks 9 by assets volume and 6 by equity in the ranking of Russian banks registered in St. Petersburg, at the end of 3 quarter of 2011. On December 1 2011  the Bank assets were 25.17 billion rubles, the Bank capital reached 6.25 billion rubles. Strategic partners of the Bank are BFA Asset Management and BFA Investment Company.

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