GPB Financial Services Limited – Official Website
GPB-Financial Services Limited is located in Limassol, Cyprus and wholly owned subsidiary of Gazprombank (JSC). The company was registered in the Republic of Cyprus on February 24, 2009, registration number HE246301. On January 27, 2010, the company received its license number 113/10 from The Cyprus Securities and Exchange Commission (CySEC), which has permitted the company to provide the following investment services from within the Republic of Cyprus:
- Reception and Transmission of orders related to one or more financial instruments
- Order execution on behalf of clients
- Dealing on own account
- Underwriting financial instruments and/or placing financial instruments on a firm commitment basis
- Placing of financial instruments on a non-firm commitment basis
- Safekeeping and administration of financial instruments, including custodianship and related services
- Granting credits or loans to one or more financial instruments, where the firm granting the credit or loan is involved in the transaction
- Advice to undertakings on capital structure, industrial strategy and related matters and advice and services relating to mergers and the purchase of undertakings
- Foreign exchange services when related to the provision of investment services
- Investment research and financial analysis
- Services related to underwriting
One additional benefit of being licensed within the European Union, is that the company is able to ‘passport’ under MiFID into any European jurisdiction and undertake investment activities. With an assembled team of seasoned professionals with working experience gained in Moscow, London, New York, Frankfurt and Cyprus, plus state-of-the-art operational infrastructure, the company GPB-Financial Services Ltd is uniquely positioned to provide supreme service to its clients, for access to the Russian Capital Markets and Global Capital Markets whereby it can leverage extensively from its sole shareholder, Gazprombank.
Currently the Company is allowed to provide the investment service of "Underwriting financial instruments and/or placing financial instruments on a firm commitment basis", the "Placing of financial instruments on a non-firm commitment basis" and the ancillary service of "Services related to underwriting" to the following European Union member states: Austria , Belgium , Bulgaria, Czech Republic, Denmark, Estonia, Finland, France, Germany, Hungary, Iceland, Ireland, Italy, Latvia, Lichtenstein, Lithuania, Luxembourg, Malta, Norway, Poland, Portugal , Romania, Slovak Republic, Slovenia, Spain, Sweden, The Netherlands, United Kingdom. In addition, the Company is allowed to provide the above mentioned services to the following non-EU countries: Russian Federation and Switzerland.
The Company is also allowed to provide the investment service of "Execution of clients' orders" and "Dealing on Own Account", as well as the ancillary service of "Safekeeping and administration of financial instruments, including custodianship and related services" to the United Kingdom.
GPB-Financial Services Limited is recognised as a member firm of the London Stock Exchange from 13th October 2016. Membership is granted in accordance with the Rules of the London Stock Exchange on the basis that GPB-Financial Services Limited will be trading in principal and agency capacities on the SETS and IOB order books as a member firm.
News
No relations to Binary options and/or Forex trading
Dear Reader
Please note that GPB-Financial Services Ltd has NO relations NOR does it offer any services or maintains a platform relating to Binary options and/or Forex trading.
Any use of our name and/or our CySEC license 113/10 by Legal entities providing services relating to Binary Options and/or Forex trading via platforms is misleading, untrue and illegal.
Should you come across with such situations please contact us at + 357 25055100 or at ekania@gpbfs.com.cy.
EU and US Sanctions do not Affect Operations and Financial Standing of Gazprombank
September 12, 2014
Reinforced EU and US sanctions in respect of a number of Russian companies and banks do not affect operations and financial standing of Gazprombank. New edition of the EU and USA sanctions prohibit providing new financing to the Bank with maturity exceeding 30 days, versus 90 days previously. Gazprombank hereby states that it is fulfilling its obligations to clients, investors, depositors and lenders in full and on time. Gazprombank’s branches and offices are operating as before and provide usual services to both individuals and corporate clients. Rouble and foreign currency settlements, including those processed via payment cards of international payment systems, are being processed duely and on time.
Gazprombank comments on EU restrictive measures
August 1, 2014
In its new regulation issued on 31 July 2014, the Council of the European Union imposed certain restrictive measures on access to EU capital markets by major Russian banks, including Gazprombank. The restrictive measures do not apply to Gazprombank’s subsidiaries established in the EU. Read Gazprombank comments on EU restrictive measures
US Sanctions will not Affect Financial and Operational Stability of Gazprombank
July 17, 2014
Sanctions declared by the USA administration against certain Russian companies and banks, including Gazprombank, contemplate only restrictions on the access by US investors to long-term (over 90 days) debt instruments of the Gazprombank issued after 16 July 2104. Such restrictions do not affect the operations of Gazprombank and the Bank is operating in normal regime. All of the instructions of Bank’s clients legal entities and individuals, all obligations to investors, depositors and lenders are being fulfilled in full and on time. Settlements of Rouble and foreign currency accounts of the clients are being processed without delay, including those processed via payment cards of international payment systems.
Risk Warnings
Gazprombank
Gazprombank has been successfully operating in the banking market since 1990. Founded by the world’s largest gas producer and exporter Gazprom to provide banking services for gas industry enterprises, since then Gazprombank has become one of the leaders of the banking sector, which key performance indicators places the bank among the top three banks of Russia. Gazprombank as a universal financial institution delivers a wide range of banking and investment services covering over 45,000 corporate and approximately 3 million private clients.
Gazprombank invests and lends to companies of major sectors of the economy – oil and petrochemical industry, metallurgy, machine building, nuclear industry, electric power industry, real estate construction, transport, telecommunications and trade. Diversified client base enables a strong growth of a corporate loan portfolio and the retail business also shows sustainable growth. Despite of rapid growth of the loan portfolio, efficient risk policy and prudent approach to borrowers allow the Bank to maintain a ratio of problem and non-performing loans at the lowest level among the largest Russian banks.
Gazprombank actively develops areas closely related to the investment business. Beside strategic investments to oil and gas, petrochemical industries and media-business in Russia, Gazprombank occupies leading positions in transactions in the capital markets (bond underwriting, arranging financing for clients), corporate finance advisory and project finance. At present Gazprombank operates eight subsidiary and affiliated banks in Russia, Belarus, Switzerland and Armenia, representative offices in China and Mongolia as well as forty three own branches across Russia from Kaliningrad in the west to Youzhno-Sakhalinsk in the east. The total number of offices delivering customer friendly high-quality banking and depository services under the single brand name of Gazprombank exceeds 500.
Steady development and high reliability was rewarded with ratings assigned by international rating agencies: Moody’s Investors Service and Standard & Poor’s etc. Gazprombank was twice awarded by The Banker Magazine as “The Bank of the Year in Russia” in 2001 and 2005.