Sinko-Bank

What Sinko-Bank does

Sinko-Bank (СИНКО-БАНК), founded in 1994 in Moscow, is a private Russian universal commercial bank operating under Limited Liability Company form (OOO KB «СИНКО-БАНК») with a Universal Banking License (No. 2838, renewed August 4, 2025) from the Bank of Russia. The bank serves small and medium enterprises, individual entrepreneurs, municipal structures, and private individuals, primarily within Moscow and Moscow Oblast. It operates from a single headquarters branch at Posledniy pereulok 11/1 in central Moscow, supplemented by federal ATM access through a partnership with PAO Bank URALSIB's ATLAS network.

The bank's product portfolio spans corporate and retail segments: corporate RKO, working-capital and fixed-asset financing (up to 150M RUB / 60 months), overdraft facilities, bank guarantees, payroll projects integrated with 1C, and currency control for foreign economic activity clients; retail deposits (PREMIUM, CAPITAL, SAVINGS tiers at up to 12.65% p.a., plus a newer PREMIUM deposit at up to 13.95%), consumer lending (up to 50M RUB / 5 years), Mir and Mir Supreme debit cards, safe deposit boxes (over 800 units), acquiring (2.4–2.69%), and cross-border transfers to China and CIS countries. Digital channels include iBank2 corporate internet banking, SINKO-online retail banking, ATLAS mobile app, and SBP/SBPey integration, all built on the iBank remote-banking platform licensed from JSC BIFIT.

The bank's revenue mechanics combine interest spread on deposits and loans, transaction fees from acquiring and international remittances (1% commission), recurring fees on debit cards and safe-deposit rentals, and relationship-driven service premium via dedicated personal managers. GTM is enterprise field sales plus inside-sales phone team, with acquisition driven by relationship referrals, multi-decade client retention (multiple testimonials cite 5–30 years), and individual tariff negotiation for groups of companies. The bank is regulated under Bank of Russia supervision, holds AGS deposit insurance, FATCA-registered PFFI status, SWIFT membership, Mastercard affiliated membership, and carries an Ekspert RA credit rating of ruB with positive outlook (confirmed January 22, 2025).

Name

Sinko-Bank

Legal name

Общество с ограниченной ответственностью Коммерческий банк «СИНКО-БАНК»

Website

https://sinko-bank.ru

Company type

Private

Founded year

1994

Operating status

Operating

Short description

Sinko-Bank is a private Russian universal commercial bank, founded 1994 and headquartered in Moscow, serving Moscow-region SMBs, entrepreneurs, municipal structures, and individuals via one branch plus digital banking (iBank2, SINKO-online, ATLAS, SBP).

Ownership category

akta.pro rank

Product category

Commercial Banking

NAICS

Commercial Banking (52211), Depository Credit Intermediation (5221)

SIC

National Commercial Banks (6021)

akta.pro primary industry

Bank-to-Bank Transfers & Pay-by-Bank (Consumer & Merchant) (FSAMAFAC)

akta.pro secondary industries

Multi-Currency Accounts, Wallets & FX Management (Consumer/SME) (FSAGAKAF), Liquidity & Cash Concentration (Sweeping, pooling, notional pooling) (FSABAIAC)

Keywords

• Commercial banking services
• Corporate lending
• Retail deposits
• Merchant acquiring
• Safe deposit boxes

Headquarters

HQ city

Moscow

HQ country

Russia

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales, Others

Revenue model

1. Corporate Lending: Sinko-Bank provides corporate financing including revolving credit lines (up to 100M rubles, 12 months), acquisition loans (up to 150M rubles, 60 months), overdraft facilities (up to 70% of turnover), and bank guarantees. Interest rates from 12% per annum. The bank builds long-term partnerships with each client, selecting optimal credit schemes.
2. Retail Lending: Consumer lending for private individuals up to 50M rubles with terms up to 5 years in rubles. Moscow and Moscow Oblast residency required for borrowers and guarantors.
3. Corporate Deposits: Deposit placements for legal entities in rubles with terms up to 365 days, amounts from 10M rubles, rates up to 12.3% per annum. Interest on account balances also offered.
4. Retail Deposits: Retail deposits (vklady) in rubles with three product tiers: PREMIUM (up to 12.65%, no replenishment), KAPITAL (up to 12.20%, monthly interest payments, capitalization), SBEREZHENIYA (up to 11.50%, with replenishment).
5. Acquiring (Merchant Services): Internet and retail acquiring services. Commission rates: 2.69% for internet acquiring, 2.4% for retail POS acquiring, including VAT per Russian tax law.
6. Settlement and Cash Services (RKO): Account opening and maintenance for legal entities and individuals in rubles and foreign currency, payment processing, currency operations, cashier services.
7. Debit Cards: Mir Supreme premium debit card (cashback up to 3% via Partner Bonus program, airport lounge access, free SMS), Mir standard debit card (up to 750 points per month), and children's debit card.
8. Safe Deposit Boxes: Rental of individual bank safe deposit boxes (over 800 units) with sizes 6cm, 12cm, 24cm height, and Class A large boxes. Progressive discount system; minimum rental 7 days, maximum 1 year.
9. International Money Transfers: Transfers to China (CNY) and friendly countries (Armenia, Belarus, Kyrgyzstan, Tajikistan) with no minimum amount. Commission: 1% for CNY (min 500 CNY, max 1200 CNY), 1% for other currencies (min $20, max $200).
10. Currency Exchange: Cash and non-cash currency exchange (USD, EUR) at bank branches with no additional commission. Exchange rate independent of amount.
11. Payroll Projects (Zarplatny Projects): Salary project services for corporate clients including card issuance, bulk payment processing, and integration with 1C accounting systems.

Pricing tiers

Go-to-market motion1 record

Distribution channels7 records

Marketing channels7 records

Core offering

SINKO-BANK is a universal commercial bank providing settlement and cash services (RKO) in rubles and foreign currency, corporate and consumer lending, term deposits, debit cards (Mir Supreme, Mir, Children's), acquiring (internet and trade), salary projects, safe deposit box rental, currency exchange, and international transfers. It serves small and medium businesses, individual entrepreneurs, municipal structures, and private individuals, primarily in Moscow and Moscow Oblast, through a single central branch supplemented by digital channels (iBank2 corporate, SINKO-online retail, ATLAS mobile, SBP instant payments) and a national ATM network via the ATLAS partnership with PAO Bank URALSIB.

Product overview

SINKO-BANK is a universal commercial bank offering a comprehensive portfolio of banking products for both retail (individuals) and corporate (legal entities and individual entrepreneurs) clients. The product range includes: (1) remote banking platforms — iBank for legal entities and SINKO-online for individuals, both based on the iBank system developed by AO 'Bifit'; (2) deposit products for individuals (PREMIUM, CAPITAL, SAVINGS) and legal entities (MAKSIMUM) with competitive rates; (3) debit cards including Mir Supreme (premium), Mir (standard), and Children's card, all integrated with the Mir payment system, Mir Pay contactless payments, and the ATLAS federal ATM network; (4) corporate credit products covering working capital, fixed assets, overdraft, and bank guarantees; (5) consumer lending for individuals; (6) individual safe deposit boxes in Moscow; (7) acquiring services for internet and trade (Visa, Mastercard, Mir); (8) salary projects integrated with 1C accounting; (9) the System of Fast Payments (SBP) for instant transfers by phone number, accessible via ATLAS and SBPey apps; (10) international transfers in CNY and CIS currencies; and (11) personal manager services. The bank also offers RKO (settlement and cash services), foreign trade operations support, currency exchange, and securities operations (promissory notes).

Differentiator

Problem solved

Functional benefit

Products and services

• iBank Corporate Internet Banking Remote banking system for legal entities and individual entrepreneurs (corporate clients) enabling account management, payments in rubles and foreign currency, currency operations, electronic signature, document exchange, and contract management. Powered by the iBank system licensed from JSC BIFIT. A new Electronic Signature (ЭП) service was introduced in 2026 for enhanced authentication.
• SINKO-online Retail Internet and Mobile Bank Web and mobile-optimized internet banking for private individuals enabling fund transfers between accounts, payments in RUB/USD/EUR, automated recurring payments, account statements, and document submission. Free to connect and use, available 24/7 globally with biometric login (fingerprint/Face ID) support. Powered by iBank system from JSC BIFIT.
• Mir Supreme Premium Debit Card Premium debit card in rubles with cashback up to 3% via Partner-Bonus program and up to 30% via Mir payment system promotions, airport/hotel lounge access (up to 24 passes per year), free SMS alerts, increased withdrawal limits, personal manager service, and access to the ATLAS federal ATM network.
• Mir Standard Debit Card Standard Mir debit card with up to 750 bonus points per month via the Partner-Bonus loyalty program, free SMS notifications, and access to the federal ATLAS ATM network for cash withdrawals, deposits, and PIN changes.
• Children's Debit Card Debit card for children aged 6–14 (as additional card) or from 14 years (as primary card). Parents receive transaction monitoring via SMS, can set spending and withdrawal limits, and teach children financial management.
• Deposit 'PREMIUM' for Individuals High-rate retail deposit in rubles without replenishment or partial withdrawal, with interest paid at maturity. Rate up to 12.65% per annum. Minimum amount 1 million rubles. Terms: 90, 181, 364 days.
• Deposit 'KAPITAL' for Individuals Retail deposit in rubles without replenishment or partial withdrawal, with monthly interest capitalization. Rate up to 12.20% per annum. Minimum amount 1 million rubles. Terms: 30, 90, 181, 364, 730 days.
• Deposit 'SAVINGS' (SBEREZHENIYA) for Individuals Retail deposit in rubles with replenishment (from 100,000 rubles until 2/3 of term expires) and interest capitalization. Rate up to 11.50% per annum. Minimum amount 1 million rubles. Terms: 90, 181, 364, 730 days.
• Consumer Lending for Individuals Consumer credit in rubles for terms up to 5 years, with amounts up to 50 million rubles. Individual consideration of each application; collateral and guarantor requirements apply. Borrowers must have Moscow or Moscow Oblast registration.
• Deposits for Legal Entities (Deposit 'MAKSIMUM') Term deposits in rubles for legal entities. Deposit 'MAKSIMUM': from 10 million rubles, terms 3–365 days, rate up to 12.3% per annum (13% on amounts from 300 million rubles for 3–6 days). Interest on account balance option also offered.
• Corporate Credit Products Comprehensive corporate financing including working capital replenishment via revolving credit lines (up to 100 million rubles, 12 months), fixed asset acquisition loans (up to 150 million rubles, 60 months), overdraft facilities (up to 70% of turnover), and bank guarantees. Rates from 12% per annum; preliminary decision in 3 business days.
• Merchant Acquiring (Internet and Trade) Internet and trade acquiring services accepting Mir, Visa, and Mastercard cards. Internet acquiring commission 2.69% incl. VAT; trade acquiring commission 2.4% incl. VAT. Free terminal rental, installation from 1 day, merchant dashboard for tracking payments and reports.
• Settlement and Cash Services (RKO) for Legal Entities Account opening in rubles and foreign currency for legal entities and individual entrepreneurs; cash operations; currency control; documentary operations (letters of credit, collection, bank guarantees); acquiring; salary projects; corporate cards; and remote account access via iBank2.
• Salary Project (Zarplatny Proyekt) Automated salary disbursement service for corporate clients with bulk card issuance and payment processing. Supports 1C accounting software integration for large organizations or Excel file uploads for smaller companies. No minimum card count or payroll restrictions. Remote project management via internet banking.
• Individual Safe Deposit Boxes Safe deposit box rental in central Moscow near metro stations Suvorovskaia, Trubnaya, Tsvetnoy Boulevard, and Chistye Prudy. Over 800 boxes available; sizes 6cm, 12cm, 24cm height (width 23cm, depth 51cm), plus Class A boxes 54x54x58cm. Terms from 7 days to 1 year with progressive discount pricing. Special access conditions for property transactions.
• System of Fast Payments (SBP) Instant Transfers Instant transfers via Bank of Russia's SBP using phone numbers. Up to 100,000 rubles/month free; 0.5% fee (max 1,500 rubles) above that. Operates 24/7 in real time. Accessible via ATLAS and SBPey apps.
• International Money Transfers International money transfers from Russia to China (CNY) and friendly countries (Armenia, Belarus, Kyrgyzstan, Tajikistan). No minimum transfer amount. Commission 1% (min 500 CNY, max 1,200 CNY for CNY transfers; min $20, max $200 for CIS currencies). Transfers sent in 1 business day; received in 1–3 business days.
• Currency Exchange (Cash and Non-Cash USD/EUR) Cash and non-cash currency exchange (USD, EUR) at bank branches with no additional commission. Exchange rate independent of transaction amount.
• Bank Guarantees and Documentary Operations Issuance of bank guarantees, letters of credit, and collection services for corporate clients engaged in foreign economic activity, tenders, and contractual obligations.

Quantifiable outcome

• Corporate loan decisions in 3 business days (preliminary)
• +5 more outcomes

Named customers16 records

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration8 records

Feature6 records

Partnerships

Ten partnerships are on record, tiered core and minor.

• PAO Bank URALSIB (ATLAS ATM Network)coreTechnology or IntegrationPartnership with PAO Bank URALSIB providing access to the federal ATLAS ATM network. Sinko-Bank cardholders can use ATMs of partner banks across Russia for cash withdrawals, deposits, balance inquiries, PIN changes, and payments. The ATLAS network significantly extends Sinko-Bank's physical ATM footprint nationwide, a critical infrastructure partnership for a single-branch bank.
• OOO BIFIT EDO (Бифит ЭДО)coreTechnology or IntegrationTechnology vendor for application vulnerability analysis and security assessment of automated systems. Conducted OUD4 (Trust Level 4) analysis confirming security compliance of Sinko-Bank's software applications per Russian information security standards.
• OOO F-Security (Эф-Секьюрити)coreTechnology or IntegrationInformation security auditor conducting annual compliance assessment under ГОСТ Р 57580.2-2017/2018 national standards. In 2025, confirmed Sinko-Bank's Level 4 information security compliance.
• JSC BIFIT (АО Бифит)coreTechnology or IntegrationDeveloper and licensor of the iBank remote banking system (ДБО система) that powers Sinko-Bank's corporate (iBank2) and retail (SINKO-online) digital banking platforms. Critical core technology infrastructure partner.
• Charitable Fund Vera (Hospice Fund) (Благотворительный фонд помощи хосписам Вера)minorOthersSinko-Bank supports the Vera Hospice Fund, which provides care for people with serious illnesses. The bank participates in charitable activities as part of its ESG and social responsibility commitments.
• Charitable Fund Byt Vmeste (Be Together) (Благотворительный фонд помощи инсулинозависимым детям и беременным женщинам)minorOthersSinko-Bank supports the Byt Vmeste fund, which helps insulin-dependent children and pregnant women. Part of the bank's charitable and social impact initiatives.
• AO Ekspert RA (Эксперт РА)coreOthersCredit rating agency that assigns and maintains Sinko-Bank's credit rating (ruB with positive outlook, January 2025). The rating provides independent assessment of the bank's creditworthiness for investors, counterparties, and depositors.
• Bank of Russia (Центральный банк Российской Федерации)coreOthersCentral bank of Russia acting as primary regulator. Issues and renews Sinko-Bank's universal banking license, oversees deposit insurance, sets interest rate benchmarks, and supervises compliance. Critical regulatory partnership.
• Mastercard WorldwidecoreTechnology or IntegrationInternational payment system of which Sinko-Bank has been an affiliated member since July 2010. Enables issuance of Mastercard-branded cards and processing of international card transactions.
• OOO KNK (Коллегия налоговых консультантов)minorOthersAudit firm providing annual audit of Sinko-Bank's financial statements (RSBU and IFRS). Member of SRO AAC since 2009, registered with the Russian Treasury and Bank of Russia for audits of publicly significant organizations.

Scale indicators8 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• JSC LOCKO-Bank: Russian private commercial bank serving SMBs and corporate clients with deposits, lending, and treasury services. Comparable size and product breadth to Sinko-Bank within the mid-tier Russian banking segment.
• Ak Bars Bank: Mid-tier Russian universal commercial bank offering corporate lending, deposits, retail banking, and FX services. Similar scale and segment focus to Sinko-Bank, with comparable deposit and SMB lending offerings.
• Bank Saint Petersburg: Russian regional universal commercial bank with strong corporate, SMB, and retail franchise. Comparable in product breadth and target segments to Sinko-Bank, with similar deposit and treasury offerings.
• PAO Bank URALSIB: Federal Russian universal commercial bank serving SMBs, corporates, and retail clients nationwide. Comparable universal banking model; also a strategic ATM-network partner (ATLAS) for Sinko-Bank.
• SMP Bank: Russian private commercial bank offering corporate banking, lending, deposits, and FX services. Similar mid-tier scale and SMB/corporate client focus to Sinko-Bank.
• Bank Zenit: Mid-tier Russian universal commercial bank providing corporate and retail deposit, lending, and treasury products. Comparable size, license scope, and product portfolio to Sinko-Bank.
• Russian Standard Bank: Russian commercial bank focused on retail deposits, consumer lending, and card services. Comparable in private-bank character and deposit-driven balance sheet to Sinko-Bank's universal model.

Broad incumbents

• Promsvyazbank: Large Russian universal commercial bank serving corporates, SMBs, and retail clients. Overlaps with Sinko-Bank across deposit and lending products but at materially larger scale and broader geographic footprint.
• Sberbank: Dominant Russian universal bank with full nationwide branch network. Defines the competitive ceiling for SMB, corporate, retail, and payments — establishing the rate, product, and service benchmark Sinko-Bank must meet or differentiate against.

Emerging players

• T-Bank (Tinkoff): Leading Russian digital-first retail bank with strong SMB acquiring and payments franchise. Adjacent competitor to Sinko-Bank in retail deposits/cards and corporate acquiring, but at vastly larger scale and a fully proprietary technology stack.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

Compliance12 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Sinko-Bank