B&N Bank (Russian: ПАО «БИНБАНК») was one of the largest commercial banks in Russia. It was founded in 1993. In 2017, B&N Bank was nationalized by the Central Bank of Russia, and in 2018 it was decided to merge it with another private bank that became state-owned, Otkritie Financial Corporation. Founded in 1993 by Russian businessman Mikhail Gutseriev, B&N Bank had the general license of the Bank of Russia No. 2562. In 1995, when Mikhail Gutseriev was elected to the State Duma of the Russian Federation, he sold the shares of Binbank. Mikail Shishkhanov became the new owner of the bank. Shishkhanov himself headed the bank for a long time and until 2017 was its controlling shareholder. More information...
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