Post Bank (Russia)
Post Bank (Russia) (Russian: Почта Банк, Pochta Bank) is a Russian retail bank. It was established in 2016 as a joint venture between VTB Bank and Russian Post. The bank aims to provide financial services, primarily to individuals, through the extensive network of Russian Post offices located throughout the country, especially in remote and underserved areas.
The partnership leverages VTB's banking expertise and Russian Post's widespread infrastructure to reach a broad customer base. Post Bank offers a range of services, including deposit accounts, loans, credit cards, and payment services. The bank's strategy focuses on accessibility and convenience for customers, particularly those in regions where traditional banking infrastructure is limited. It also utilizes digital channels for service delivery.
The establishment of Post Bank was part of a broader government initiative to increase financial inclusion in Russia.