How to open a bank account in Solid Bank

GSL reference about the bank What is it?

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GSL rating

rating

Beginning of cooperation

November, 2024

Last contact

May, 2025

Last update

May, 2025
  • established in 1991 as Kamchatka Commercial Bank for Entrepreneurship Promotion, it was renamed in 2004 to Solid Bank CJSC;
  • around one half of the bank’s shares are held by Japanese holding group Sawada Holdings Co., Ltd;
  • the bank opens current and savings (deposit) accounts;
  • the bank opens accounts not only for Russian companies but also for foreign companies, that is those incorporated OUTSIDE the Russian Federation (RF);
  • original documents of a foreign company that are provided shall have a notarized translation into Russian (apostille / legalization is not required);
  • there is no requirement regarding the minimum account balance;
  • tax registration in the RF and director’s visit to the bank’s office are required to open an account; it is also possible to open an account by power of attorney issued to the account signatory;
  • it is possible to make international payments in a foreign currency; available currencies: CNY, JPY, THB, TRY, INR, LAK, KZT, UZS;
  • it issues bank cards;
  • there is online banking;
  • opening an account takes at least 1 month
GSL rating
rating
Beginning of cooperation
November, 2024
Last contact
May, 2025
Last update
May, 2025
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General information and rating
General information and rating

Not rated
Global rating
Not rated
Countrywide rating
Countrywide rating of the head bank
Global rating of the head bank
Year of foundation
1991
History
Solid Bank started its history in 1991, when Zhilsotsbank was transformed into a new banking unit - “Kamchatka Commercial Bank for Assistance to Entrepreneurship”, since May 1996 - into CJSC “Kamchatbusinessbank”. In 2004, the bank was renamed CJSC “Solid Bank”
Personnel
The staff communicates in Russian and speaks English
Bank’s shareholders
The main beneficiary of Solid Bank is Kamchatka entrepreneur Vladimir Semernin (53.2% of the bank's shares), another 46,8% is owned by Japanese Sawada Holdings
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    Minimum requirements
    Minimum requirements

    0
    Minimum balance, €
    No restrictions
    Transactions permitted per month
    0
    Initial deposit of funds, €
    0
    Deadline for the initial deposit, month
    Minimum balance, €
    No minimum account balance requirement
    Transactions permitted per month
    No restrictions on the number of transfers
    Initial deposit of funds, €
    No down payment requirement
    Minimum turnover, €/year
    No turnover restrictions
    How fast payments are executed
    Same day or next day

    Tariffs and services
    Tariffs and services

    160
    Outcoming transfer, €
    75
    Incoming transfer, €
    N/A
    Account maintenance, €/year
    N/A
    Payment limit for credit cards, €/day
    Outcoming transfer, €
    Outgoing payments in CNY are subject to a fee of RUB 2 500 + 0,25% of the amount; for JPY, it is RUB 1 500 to 3 000 (depending on the receiving bank) + 0,25%; for TRY, it is RUB 3 000 + 1%; for UZS, it is RUB 2 500 + 0,3%, for other currencies (KZT, INR, THB, LAK), it is RUB 2 500 + 0,25%
    Incoming transfer, €
    Incoming payments in a foreign currency (except for CNY) are subject to a fee of 0,15% of the amount (the minimum is USD 20; the maximum is USD 2 000); for CNY, it is 1,5%
    Account maintenance, €/year
    Fee for opening an account in foreign currency is charged
    Distant access to the account
    There is online banking
    Financial products
    The Bank is focused on lending and servicing client companies and attracting deposits from the population. The Bank also has access to servicing accounts of state and federal structures
    Credit/debit cards
    Bank cards can be issued

    Account opening procedure
    Account opening procedure

    Days to open for incoming transfers
    Case by case
    Days to open for outcoming transfers
    Case by case
    References
    Not necessary
    Purpose of the account
    Savings & current
    Visit to the bank
    Tax registration in the RF and director’s visit to the bank’s office are required to open an account; it is also possible to open an account by power of attorney issued to the account signatory
    Required
    List of corporate documents of a foreign company required to open an account with a Russian bank:

    - Certificate of Incorporation;
    - Memorandum and Articles of Association;
    - Certificate of Good Standing;
    - Extract from the Registrar (Certificate of Incumbency);
    - Certificate of registration of legal entity with tax authority of the Russian Federation (certificate of taxpayer identification number; see information below on registration of a foreign organization with a tax inspectorate of the RF);
    - Documents proving powers of the sole (collective) executive body of the legal entity;
    - Power of attorney (in the case of opening an account by power of attorney); the text of the power of attorney must be approved by the bank;
    - Identification document of the sole executive body (individual) of the legal entity, persons authorized to manage money in the bank account, and other representatives of the legal entity;
    - Notarized specimen signature and seal card.

    The list is not exhaustive and may change depending on the country of the foreign company’s incorporation and the chosen bank. Banks reserve the right to request any additional documents and information
    Types of accounts
    Savings; Current
    Chances to open an account
    Predictable

    Banks of Russia

    Bank
    The cost of opening an account, $
    Global rating
    Countrywide rating
    GSL rating
    1 500
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    1 500
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    1 500
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    1 500
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    1 500
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    1 500
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    1 500
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    1 500
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    1 500
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    1 500
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    1 500
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    1 500
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    1 500
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    1 500
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    1 500
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    N/A
    1 500
    N/A
    N/A
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