Press Releases

Renaissance Credit obtains the CBR licenses for brokerage and depository services

6 November 2019

Renaissance Credit obtained the licenses of a professional participant of the securities market for carrying out broker and depository activity from the Bank of Russia. This will allow the bank to expand the range of services via offering the access to miscellaneous investment products.

Comment by Alexey Levchenko, Chief Executive Officer of Renaissance Credit: "We adhere to the model of organic business growth and expand our product line only in those directions where we see room for growth in demand and, at the same time, possess sufficient competences. Recently mass consumers have been demonstrating an increasing interest towards different investment products which offer an alternative to traditional banking deposits. Therefore we consider the possibility to expand the range of our services via products which allow to invest in attractive assets."