Economics

Joint stock bank for social development of the Republic of Tatarstan "TATSOTSBANK"


Tatsotsbank was founded in October 1990 and during this period became one of the biggest banks in Tatarstan with many branches in large cites of Russia. Tatsotsbank is a recognized leader on the market of bank services in Tatarstan. Tatsotsbank has Extended General License for Hard Currency Operations by Central Bank of the Russian Federation, it has joined the Society for Worldwide Interbank Financial Telecommunication S.C. (SWIFT) and became a member of Moscow Interbank Currency Exchange.
The bank has direct correspondent relations with the major banks of Russia, CIS - and foreign states.
In July 1993, the bank was reorganized into JOINT STOCK BANK FOR SOCIAL DEVELOPMENT OF TATARSTAN "TATSOTSBANK".
Now Tatsotsbank serves over 23000 customers and facilitates:
  • various types of foreign exchange transactions;
  • any types of crediting;
  • deposit transactions;
  • securities transactions;
  • consulting about law regulations;
  • buying and selling precious metals and stones, as well as products of them in the Russian Federation and abroad;
  • attracting and allocating precious metals into contribution, carrying out other operations with them in accordance with the international banking practice.
Our main activities are:
  • short-term loans for enterprises of all kinds of ownership, manufacturing consumer goods;
  • long-term loans into such fields as: construction industry, consumer goods production and housing construction;
  • development of foreign economic activities and attraction of foreign investmennts;
  • easy term crediting of entreprises involved in purchase, storage and sale of asocially significant merchandise;
  • food products, medicines, etc.

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