Velikie Luki Bank

What Velikie Luki Bank does

Velikie Luki Bank (АО «Великие Луки банк», JSC) is a regional Russian commercial bank founded in October 1990 and headquartered at ul. Komsomolskaya 27a in Velikiye Luki, Pskov Oblast. The bank operates under Bank of Russia Basic License No. 598 (issued 31.08.2021) and serves small and medium-sized businesses, individual entrepreneurs, and individual consumers through a single physical branch supplemented by a remote banking system (DBO BS-Client x64) with FSB-certified cryptographic protection.

The bank's product suite covers the full retail and SMB banking stack: lending (revolving and non-revolving credit lines, overdrafts, secured by real estate or movable property, with 1-2 business day decision turnaround); deposit operations (60-day, 360-day, and on-demand deposits for individuals, insured under Federal Law No. 177-FZ up to 1.4M RUB); settlement and cash services including account opening, cash operations, and currency exchange (USD, EUR); money transfers (intra-account, no-account, and international); safe deposit box rentals (6-12 month terms); currency control services for non-resident contracts; and securities operations on MICEX. The technology stack integrates with 1C accounting software and supports electronic digital signatures certified by FSB Russia under license No. 0002524 (2018).

The bank generates revenue through net interest income on lending, transaction fees on settlement, cash, and currency operations, deposit-funded interest spread, and ancillary fees (safe deposit boxes, currency control advisory). Its distribution model combines traditional branch-based relationship banking with on-site employee visits for credit document signing and a self-serve digital banking overlay. The bank is a public joint-stock company (since 2017) with both ordinary (10300598B) and preferred (20100598B) shares, audited annually by PROM-INVEST-AUDIT (through 2026) and Mainstey LLC (2026 onward). All earnings are retained; no dividends have been declared for 2023, 2024, or 2025.

Name

Velikie Luki Bank

Legal name

Акционерное общество «Великие Луки банк»

Website

https://vlb100.ru

Company type

Public

Founded year

1990

Operating status

Operating

Headcount range

51–100 employees

Short description

Velikie Luki Bank is a regional Russian commercial bank (Basic License No. 598) founded in 1990 in Velikiye Luki, Pskov Oblast, serving SMBs, individual entrepreneurs, and consumers through a single branch and remote banking platform with lending, deposits, settlement, and currency services.

Ownership category

akta.pro rank

Product category

Retail Banking

NAICS

Commercial Banking (522110)

SIC

State Commercial Banks (6022)

akta.pro primary industry

SME Deposits & Business Accounts (Operating, Savings, CDs) (FSABABAC)

Keywords

• Retail banking services
• Corporate lending
• Deposit operations
• Currency exchange
• Remote banking

Headquarters

HQ city

Velikiye Luki

HQ country

Russia

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Interest Income from Lending: Interest income from providing credit facilities to legal entities, individual entrepreneurs, and individuals. Offers revolving and non-revolving credit lines, overdraft facilities, and various collateral types including real estate and movable property.
2. Settlement and Cash Services: Fees for account opening, maintenance, cash operations, money transfers in rubles and foreign currency, and payment processing services.
3. Deposit Taking: Attracts deposits from individuals with various maturities (60 days, 360 days, on-demand) at differentiated rates based on amount and term.
4. Safe Deposit Box Rental: Safe deposit box rental for storing money, valuables, and documents for terms from 6 months to 1 year with renewal options.
5. Currency Exchange Operations: Currency exchange and trading services including USD and EUR exchange for cash operations.
6. Currency Control Services: Currency control services including contract registration, document verification, and advisory services for currency legislation compliance.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels7 records

Core offering

АО «Великие Луки банк» is a regional Russian joint-stock bank founded in 1990, headquartered in Velikiye Luki (Pskov Oblast), operating under Bank of Russia Basic Banking License No. 598. It provides a full suite of universal banking services to legal entities, individual entrepreneurs, and private individuals, including credit (with loan decisions typically in 1–2 days), deposit operations (including deposits in precious metals), settlement and cash services, currency operations and currency control, money transfers (including without account opening), safe deposit box rental, and remote corporate banking via the DBS BS-Client x64 client with FSB-certified cryptographic protection.

Product overview

Velikie Luki Bank (АО «Великие Луки банк») operates as a regional Russian bank offering a unified suite of banking products and services. The core product portfolio centers on the «ДБО BS-Client x64» remote banking system for business clients, complemented by credit services (кредитование), deposit operations (операции по вкладам), settlement and cash services (расчетное и кассовое обслуживание), currency operations (валютные операции), money transfers (денежные переводы), and safe deposit box rentals (аренда банковской ячейки). The bank also participates in the mandatory deposit insurance system. All services are accessible through the bank's single physical location in Velikiye Luki and via the Bank-Client remote banking system.

Differentiator

Problem solved

Functional benefit

Products and services

• Lending / Credit Services Credit facilities extended to legal entities, individual entrepreneurs, and private individuals, with loan decisions typically issued within 1-2 days; documentation can be brought on-site to the client by bank employees.
• Deposit Operations (including precious-metal deposits) Deposit accounts for individuals and legal entities, including deposits placed in precious metals, protected by Russia's mandatory deposit insurance system.
• Settlement and Cash Services Bank account opening and maintenance, cash operations, and non-cash payments for legal entities and individual entrepreneurs.
• Currency Operations and Currency Control Foreign-currency exchange, currency-control support, and cross-currency settlement including Chinese yuan via a correspondent relationship with Moscow Credit Bank PJSC.
• Money Transfers (including without account opening) Domestic and international money transfers for individuals and businesses, including transfers without opening a bank account under applicable Bank of Russia rules.
• Safe Deposit Box Rental Rental of safe deposit boxes at the bank's Velikiye Luki branch office for secure storage of valuables and documents.
• Remote Banking via DBS BS-Client x64 (ДБО BS-Client x64) Remote-banking platform enabling legal entities and individual entrepreneurs to manage accounts and execute transactions electronically, secured by FSB-licensed cryptographic protection (Electronic Digital Signature).

Quantifiable outcome

• Credit decision in 1-2 business days from complete document submission
• +2 more outcomes

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

Feature3 records

Partnerships

Three partnerships are on record, tiered minor.

• Mainstey LLC (OOO 'Мэйнстей')minorOthers · 1 January 2026Auditor appointed for 2026 and Q1 2027 based on 2026 shareholder meeting decision. INN 7701241832, OGRN 1027739140857.
• PROM-INVEST-AUDIT LLCminorOthersExternal audit firm located at ul. Kurchatova 9, bld. 2, office 253, St. Petersburg. Member of self-regulatory organization of auditors Association 'Sodruzhestvo', ORNZ 11606050170. Last audit completed 31.03.2026.
• Non-State Pension Fund R.O.S.T.minorOthersBank's share registrar providing shareholder registry services.

Scale indicators7 records

Recent moves8 records

Expansion highlights5 records

Direct peers

• Levoberezhny Bank: Novosibirsk-headquartered Russian regional commercial bank with SME and retail focus. Comparable regional banking model, including deposits, lending, and currency operations.
• Kuban Credit Bank: Krasnodar-based regional Russian commercial bank focused on SME lending, deposits, and settlement services. Direct comparable as a regional bank with similar product mix and customer segment focus.
• Center-invest Bank: Rostov-on-Don-based regional Russian bank providing full-service commercial banking to SMEs and individuals with regional branch focus. Comparable profile as a mid-sized regional bank with diversified deposits and lending, plus digital banking tools.
• Credit Ural Bank: Chelyabinsk Oblast regional Russian bank with a similar deposit, lending, and settlement product suite targeted at SMEs and individuals. Comparable in regional positioning and product breadth.
• AK BARS Bank: Tatarstan-headquartered Russian regional bank offering deposits, lending, currency operations, and SME banking. Closely comparable in scope of services, regulatory positioning as a regional player, and SME/retail customer mix.
• Chelindbank: Chelyabinsk-based Russian regional bank offering deposits, consumer and corporate lending, settlement services, and currency operations. Comparable scale and full-service regional commercial banking model.
• Bank Saint Petersburg: Public Russian regional commercial bank serving SMEs and individuals from a St. Petersburg base with deposits, lending, and settlement services. Comparable regional franchise model with full-service offerings and own digital banking infrastructure.
• Energotransbank: Kaliningrad-based regional Russian bank with similar full-service offerings — deposits, lending, settlement services, and currency operations for SMEs and individuals.

Broad incumbents

• Moscow Credit Bank: Significantly larger Russian commercial bank headquartered in Moscow. Listed as the bank's CNY correspondent banking partner; comparable in commercial banking and currency operations but operates at much greater scale and geographic reach.
• Sovcombank: Top-tier Russian universal bank with extensive regional branch network and broad SME/retail product suite. Comparable product categories but materially larger scale and broader geographic footprint than Velikie Luki Bank.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 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 Velikie Luki Bank