What Avangard does

Avangard (ПАО АКБ «АВАНГАРД», PJSC AKB AVANGARD) is a Russian universal commercial bank headquartered in Moscow, founded in 1994 and operating under General License of the Bank of Russia No. 2879 dated 10.09.2015. The bank offers a full-service retail and corporate banking platform, including deposits, credit and debit cards (Visa, Mastercard, Mir), payment acquiring, overdraft facilities, salary projects, currency exchange, brokerage and depository services via Moscow Exchange, documentary trade finance, safe deposit boxes, and precious metals investment products. It is a publicly listed company (ISIN: RU000A0DM7B3) on Moscow Exchange and is registered in Russia's mandatory deposit insurance system.

The bank serves two primary customer segments — corporate clients (legal entities and individual entrepreneurs) and private individuals — with a specialized offering for self-employed individuals under the AUSN simplified tax regime (authorized bank status granted December 2025). Distribution is multi-channel: physical branches and ATMs in Moscow and Russian regions, an internet banking platform for both segments, the Avangard Business mobile app for corporate clients, and the Avangard Pay app for QR-code payments via the Faster Payments System (СБП), distributed on RuStore for Android following the removal from Apple App Store and Google Play. The bank also provides an integrated travel booking vertical through partnerships with Ostrovok! and Biblio-Globus, with bonus miles accrual.

The revenue model combines interest income (lending, deposits, overdrafts), commission and transaction fees (payment cards, acquiring, wire transfers, currency exchange, securities operations, precious metals transactions), and subscription-style revenue streams (salary projects, card maintenance). Pricing examples include ruble deposit rates from 10.25% for 31-day terms, overdraft limits up to 60% of company turnover, and ATM transfer limits of 200,000 rubles per transaction / 5 million rubles monthly. Notable ecosystem integrations include accounting platforms (1C DirektBank, Kontur, Moe Delo, Elba.Econom), the QUIK trading terminal, and infrastructure providers (NRD, NCC, Moscow Exchange). Recent strategic moves include the May 2026 launch of non-cash silver operations and continued IFRS reporting transparency with a 2026 auditor selection process.

Name

Avangard

Legal name

Акционерный Коммерческий банк «АВАНГАРД» - публичное акционерное общество

Website

https://avangard.ru

Company type

Public

Founded year

1998

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Avangard is a Russian universal commercial bank headquartered in Moscow, operating since 1994 under Bank of Russia License No. 2879, serving retail, corporate, and self-employed clients with deposits, cards, acquiring, brokerage, precious metals, and trade finance across branch, internet, and mobile channels.

Ownership category

akta.pro rank

Headquarters

HQ city

Moscow

HQ country

Russia

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure, Supply Chain

Revenue model

1. Interest Income: Traditional banking interest income from lending activities including overdraft facilities, credit cards, and corporate credit products. Interest-bearing deposits for individuals and legal entities generate interest expense while loan portfolio generates interest income.
2. Commission Income: Fees from payment card operations, acquiring services (merchant processing), wire transfers, currency exchange operations, cash operations, and account maintenance. Bank offers acquiring services for physical and online merchants.
3. Securities Operations: Brokerage services, depository operations, and proprietary securities trading. Bank provides access to Moscow Exchange for securities trading through QUIK system integration.
4. Precious Metals Operations: Sale and purchase of precious metal coins, gold bars (1-1000 grams), and cashless operations with precious metals including silver for clients.
5. Payroll Project Services: Salary project services for corporate clients including card issuance and salary disbursements.

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels5 records

Core offering

Avangard is a Russian universal commercial bank providing a comprehensive suite of retail and corporate banking products through branch offices, ATMs, internet banking, and mobile applications. Core offerings include current accounts, deposit products, credit and debit cards (Visa, Mastercard, Mir), payment acquiring for merchants, overdraft and credit facilities, currency exchange, precious metals operations (gold bars, coins, non-cash silver and gold), securities brokerage and depository services via Moscow Exchange, and integrated travel booking services for airline, railway, hotel, and tour reservations.

Product overview

Avangard (ПАО АКБ «АВАНГАРД») is a Russian commercial bank offering a comprehensive, multi-channel banking platform. Its product portfolio spans two primary segments — retail (частные лица) and corporate (бизнесу) — alongside a travel services vertical. The core platform consists of an Internet Bank (for both retail and corporate) and a Mobile Banking app (Avangard Business for corporate; standard app for individuals), accessible alongside a branch and ATM network. The retail suite encompasses credit and debit cards (Visa, Mastercard, Мир, including co-branded variants such as MIPT, FC Ufa, and School Cards), deposit products (Базовый and Базовый-Интернет), current accounts, currency exchange, precious metals (gold bullion, coins, and non-cash silver operations), biometric identification via ЕБС, Fast Payment System (СБП) transfers via phone number and QR-code (Avangard Pay), card-to-card ATM transfers, and money transfers. The corporate suite includes current account management with 24/7 cash services, business cards and cash cards, overdraft and term deposits, merchant acquiring (trade, internet, QR-code, NFC terminals, Avangard POS), payroll projects, currency conversion and control, documentary trade finance, safe deposit boxes, securities operations (brokerage via Moscow Exchange with QUIK integration, custody/depository), and corporate precious metals. The bank also provides integrations with accounting systems (1С ДиректБанк, Контур, Мое дело, Эльба.Эконом) and operates a travel booking platform (via Ostrovok! and Библио-Глобус partnerships) for airline tickets, railway tickets, hotels, and package tours with bonus miles accrual. Security features include a card with display (generating one-time passwords) and SMS/push notifications. The bank acts as an authorized bank for the Automated Simplified Tax System (АУСН) for self-employed individuals.

Differentiator

Problem solved

Functional benefit

Brands

• Avangard Business: Mobile bank for managing accounts of legal entities and individual entrepreneurs
• Avangard Pay
• Авангард Интернет-банк

Products and services

• Avangard Business Mobile Banking
• Avangard Pay Mobile Payment App
• Avangard POS Terminal
• Corporate Business Cards (Карты к счету компании)
• Merchant Acquiring (Эквайринг)
• Corporate Overdraft Facility
• Internet Bank for Individuals
• Internet Bank for Corporate Clients
• Retail Deposit Products (Basic and Basic-Internet)
• Corporate Deposits
• Credit Cards (Visa, Mastercard, Mir)
• Debit Cards
• Co-Branded Cards (MIPT, FC Ufa, Dom s Mayakom, City Park Grad, School Card)
• Virtual Bank Cards
• Card with Display (Карта с дисплеем)
• Currency Exchange Services (Retail)
• Gold Bullion Sales
• Precious Metal Coins
• Non-Cash Precious Metals Operations (Gold and Silver)
• Self-Employed Banking Service
• Cash Card (Кэш-карта)
• Salary Project Service (Зарплатный проект)
• Cash Collection (Инкассация)
• Corporate Currency Conversion
• Cash Settlement Services (РКО)
• Reverse Acquiring (Расчеты с физлицами)
• Securities Operations and Brokerage
• Depository Services
• Safe Deposit Boxes
• Documentary Trade Finance Operations
• Corporate Currency Control
• Fast Payment System (SBP) Transfers
• QR-Code Payment via SBP
• Money Transfers and Card-to-Card Transfers
• Airline Ticket Booking
• Railway Ticket Booking
• Hotel Booking Service
• Package Tour Booking
• Biometric Registration Service
• Corporate Precious Metals Operations

Quantifiable outcome

• ATM transfers: max 200,000 rubles per transaction, 1,000,000 rubles daily, 5,000,000 rubles monthly
• +1 more outcomes

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration19 records

Feature5 records

Partnerships

Six partnerships are on record, tiered minor and core.

• Ostrovok! (Островок!)minorGTM or Marketing PartnerHotel booking partnership enabling Avangard clients to book hotels worldwide through internet bank and mobile app. Travel services include hotel booking with bonus miles earning (1 mile per 9 rubles payment), credited 15 days after 4th month following checkout date.
• Bibliо-Globus (Библио-Глобус)minorGTM or Marketing PartnerTour booking partnership providing access to regular and last-minute tours for popular destinations. Clients earn 1 bonus mile per 9 rubles of payment, credited on 1st day of second month following tour completion.
• National Association of Stock Market Participants (NAUFOR / НАУФОР)coreOthersBank is member of NAUFOR self-regulating organization in financial market, following its basic standards and internal standards for professional securities market activities.
• Non-Bank Credit Organization Joint-Stock Company National Settlement Depository (NKO NRD / НКО АО НРД)coreTechnology or IntegrationDepository partner for maintaining nominal holder accounts and custody of securities. Bank opens securities accounts (custody accounts) with NRD.
• Joint-Stock Company National Clearing Center (AK NCC / АО НКЦ)coreTechnology or IntegrationClearing organization partner providing clearing services for securities trading and financial market operations.
• Public Joint-Stock Company Moscow Exchange (MOEX / ПАО Московская Биржа)coreTechnology or IntegrationExchange partner for organized securities trading. Bank participates in organized trades conducted by Moscow Exchange as member of exchange trading.

Scale indicators6 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• Ak Bars Bank: Russian regional universal bank with retail and corporate banking, deposits, cards, and securities operations. Closely comparable to Avangard in mid-tier scale, product scope, and digital banking emphasis.
• Alfa-Bank: Major private Russian universal bank offering retail and corporate banking, cards, acquiring, and investment services. Comparable universal banking scope and product portfolio to Avangard at a larger scale.
• Rosbank: Russian universal commercial bank (Société Générale subsidiary) offering retail and corporate deposits, lending, cards, and investment services. Comparable universal banking model at similar mid-tier scale to Avangard.
• Gazprombank: Russian universal bank with deep corporate and retail presence including deposits, cards, acquiring, precious metals, and securities. Comparable in license scope and product breadth, though larger and more corporate-anchored.
• Sberbank (Sber): Russia's largest universal commercial bank offering retail deposits, lending, cards, payments, and securities across an extensive branch and digital network. Directly comparable in universal banking model, though materially larger in scale than Avangard.
• VTB Bank: Second largest Russian bank with strong corporate and retail universal banking operations. Comparable in license scope and product breadth (deposits, cards, acquiring, securities, trade finance) though materially larger in assets.
• Russian Agricultural Bank (Rosselkhozbank): Russian state-owned universal bank with retail and corporate banking, deposits, cards, and specialized agribusiness services. Comparable universal banking model, with a sector focus that parallels Avangard's Avangard Agro subsidiary.
• Promsvyazbank: Russian state-owned universal bank serving corporate and retail clients with deposits, lending, cards, and acquiring. Directly comparable in business model and mid-tier scale relative to Avangard.
• Moscow Credit Bank (MCB): Russian universal commercial bank with retail deposits, corporate banking, cards, and securities services. Closely comparable to Avangard in scale, product scope, and Moscow-centric operating model.

Broad incumbents

• T-Bank (Tinkoff): Russia's leading digital-first bank offering retail deposits, cards, lending, payments, and investments through a mobile-led platform. Overlaps with Avangard's digital banking efforts but operates as a broader digital incumbent with no physical branch network.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xx.com/bank_avangard
• Facebookfacebook.com/bankavangard
• LinkedInlinkedin.com/company/avangard-bank-avan-

Compliance7 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries2 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 Avangard