Renaissance Credit
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.jpg) Renaissance Credit bank branch in Moscow in 2020 | |
| Formerly | AllianceInvest |
|---|---|
| Company type | Limited liability company |
| Industry | Financial services |
| Founded | November 24, 2000 |
| Headquarters | , |
Area served | Russia |
Key people | Tatiana Khondru (Chairman) |
| Products | Banking services |
| Revenue | 29,566,700,000 Russian ruble (2017)  |
| Parent | ONEXIM group |
| Website | ren |
Renaissance Credit (Russian: Банк Ренессанс) is a Russian commercial bank providing retail banking services and headquartered in Moscow. The financial institution focuses on the consumer lending market and is one of the Top-100 Russian banks.[1][2] Renaissance Credit (along with its parent company Renaissance Capital) is a subsidiary of ONEXIM Group.[3] In 2013, Russian billionaire Mikhail Prokhorov took the largest stake in Renaissance Credit through his company Onexim Group.
As with other Russian banks, Renaissance Credit was sanctioned by the United States government after Russian invasion of Ukraine, in response the bank closed its London, New York and Johannesburg offices.[4]
The bank was established in 2000 under the name AllianceInvest. In 2002, he received the title of "Treasurer". In 2003, the bank was acquired by Renaissance Group and renamed in Renaissance Capital.[5][6][7] This allowed Renaissance Group to enter the retail consumer lending market. In 2007, the bank began operating under the Renaissance Credit brand, and in 2013, its official name became the same.[8]
In 2012, the Bank issued unsecured loans by 66.7 billion rubles putting the bank in 7th place in Russia.[9]
The total volume of the portfolio issued by non-tax loans as of January 1, 2013, amounted to 62.6 billion rubles.[10]
In June 2013, Standard & Poor's rating agency has assigned a long-term rating "B+" with a stable outlook.[11]
