|The bank was established in 1994 by several voucher investment funds. In 1995, it was transformed from AOZT to AOOT; from mid-1997, it functioned in the form of a public limited company. In December 2015, the legal form of the bank was brought into compliance with the current legislation of the Russian Federation and defined as a public joint-stock company.
On March 3, 2017, the license was revoked from the bank. The reason for the withdrawal is the failure by the credit institution to comply with federal laws governing banking activities, as well as Bank of Russia regulations.