Absolut Bank

Absolut Bank, through its subsidiaries, provides commercial and retail banking services to individuals, individual entrepreneurs, corporate clients, and small and medium size entities in the Russian Federation. The company operates through three segments: Corporate, Financial Markets, and Retail. It offers corporate and retail deposit, corporate lending, leasing, debt capital market, and debit and credit cards services. The company is also involved in the placement of promissory notes, trade finance operations, issuance of guarantees, foreign currency exchange and derivatives transactions, securities trading, and opening and maintenance of settlement accounts. It operates approximately 13 branches. The company was founded in 1993 and is based in Moscow, the Russian Federation. Absolut Bank is a subsidiary of OJSC United Credit Systems.