Hello, dear readers!
I propose to discuss brokerage services of Gazprombank. I will take a detailed look at the ins and outs of this financial agent, look at the range of services that the broker is ready to provide to its clients, how much it costs, what service and software it offers.
I’ll find out what’s going on with technical customer service, and whether it’s possible to use demo versions of brokerage services. I will give reviews from clients and employees of Gazprombank.
About the broker
| Name | "Gazprombank" (Joint Stock Company) |
| Year of foundation | 1990 |
| Regulator and license | License to carry out brokerage activities number 177-04229-100000 dated December 27, 2000, issued by the Central Bank of the Russian Federation License to carry out depositary activities number 177-04464-000100 dated 01/10/2001, issued by the Central Bank of the Russian Federation License to carry out dealer activities number 177-04280-010000 dated 12/27/2000, issued by the Central Bank of the Russian Federation License FCSM prof. participant of the Securities Market for the implementation of securities management activities dated December 27, 2000, number 177-04329-001000. |
| requisites | INN: 7744000912 KPP 997950001 BIC 044525823 OKPO 09807684 OGRN 1027700167110 dated 08.28.2002 |
| Reliability rating | Expert RA: ruAA+ “stable” (according to Russian gradation) ACRA: AA “positive” (according to Russian gradation) S&P: BB- “stable” Moody's: Ba1 “stable” FITCH: BB+ “stable” |
| Trading platforms | Stock, derivatives and currency sections of the Moscow Exchange London stock exchange Over-the-counter Eurobond market Foreign stock and ETF markets |
| Trading platform | QUIK / PocketQUIK / iQUIK X / |
| Minimum deposit | No limits |
| Authorized capital | 194,996,182 thousand rubles. |
| Head office address | 117420, Moscow, st. Nametkina, 16, building 1 |
| Official site | https://www.gazprombank.ru/personal/brokerage_service |
| Hotline number | 8 |
| Free demo account | No |
| Minimum commission | 0.008% – stock market, subject to a turnover of 60 million rubles. per day 0.5 rub./per contract – derivatives market 0.05% – London Stock Exchange |
| Rating | 3.69 out of 5 |
Statistical indicators
| Sharpe ratio Shows the excess of the mutual fund's profitability over the profitability of a deposit in a reliable bank relative to the risk of the fund's portfolio. More details 0.096 Average in management efficiency | Alpha coefficient A positive value means that the return was higher than the return of the reference portfolio. Negative is the opposite. More details 0.062 Profitability is average | Beta Coefficient A value greater than one means risk is greater than the market average. A value less than one means, on the contrary, the risk is below average. More details 0.190 Low risk relative to others |
These indicators are calculated for 3 years.
Brief history of the broker and awards
The history of the credit institution begins in 1990. Gazprombank has been actively developing, now it is one of the largest credit institutions in Russia. However, the brokerage department of this bank is not very popular among private investors, and it itself positions its brokerage services with a focus on institutional and corporate clients.
Gazprombank does not have any special awards related to brokerage services.
Terms of service and tariffs
The main gradation of brokerage service conditions includes 3 tariffs:
- Standard. Involves independent trading with free analytical support.
- Investment ideas. To build trading strategies based on special ideas from company analysts.
- Private Banking. Includes service with a personal manager.
Gazprombank offers to open a regular brokerage account or IIS.
In addition, the list of tariffs for brokerage services contains special offers for professional market participants and corporate entities.
| Account types | Standard Invest ideas Private Baking |
| Broker commission | “Standard”: Stocks and bonds from 0.008% to 0.085% Futures and options from 0.5 rub. for the “Invest Ideas” contract: Stocks and bonds from 0.02% to 0.17% Futures, options and currencies are identical to the “Standard” tariff Private Banking: All transactions – 0.3% of turnover |
| Exchange fees | From 0.00154 to 0.00660% |
| Depository fee | No commission charged |
| Commission on over-the-counter market transactions | 0.17%, but not less than 5000 rubles |
| Fee for using the terminal | For free |
| Fee for withdrawal of funds | To an account with Gazprombank without commissions |
| Deposit and withdrawal methods | Internet banking Transfer via cash desk in the office Bank transfer |
Which mutual fund to choose
When making a choice between one or another investment method, you need to understand that purchasing shares of a currently profitable fund does not guarantee the same return in the future. To ensure capital growth and at the same time reduce risks, it is wise to invest in several funds at once.
It makes sense to purchase 1-2 shares in Gazprombank mutual funds for individuals with different investment strategies:
- conservative – will ensure the safety of funds;
- moderate - will give a guaranteed profit;
- aggressive - can please with an additional bonus.
Broker Products
In addition to basic brokerage services, which includes online trading, Gazprombank offers:
- give money to trust management;
- use analytical materials, interactive mobile applications;
- buy special structural products.
Structured Products
As part of its brokerage services, Gazprombank offers private investors to invest money in their own mutual funds. The minimum threshold for entering such instruments, according to the terms of service, is 50 thousand rubles. I have collected the available mutual funds in one table for convenience.
| Name of mutual fund | Description |
| "Gazprombank - Bonds Plus" | High quality bonds that offer a coupon yield higher than bank deposit rates |
| "Gazprombank - Balanced" | Diversified portfolio of highly liquid stocks and reliable corporate bonds |
| "Gazprombank - Foreign Currency Bonds" | Dollar Eurobonds of the corporate and public sector |
| "Gazprombank - Shares" | A set of shares of medium and large issuers. At the same time, this includes securities of both Russian and foreign companies. The fund is quite actively managed |
| "Gazprombank - Gold" | Investments in a protective asset in the form of gold quoted in dollars |
| "Gazprombank - World Food Basket" | A portfolio of shares of international companies involved in the agricultural sector. The fund structure is identical to the S&P Commodity Producers Agribusiness Index |
| "Gazprombank - India" | The mutual fund has a set of assets repeating the “MSCI INDIA TRN INDEX”. Provides an opportunity to participate in the rapidly growing Indian economy |
| "Gazprombank - Oil" | A mutual fund similar in content to the iShares Oil & Gas Exploration & Production UCITS ETF USD Acc fund, which includes shares of global oil producers |
| "Gazprombank - Electric Power Industry" | Portfolio of securities of Russian issuers included in the electricity sector |
IPO
The company is an active participant in the initial public offerings market. For example, in 2021, the brokerage firm was an underwriter in En+ Group Plc's IPO. In addition, the financial agent works with SPOs, private placements, and allows its clients to participate in initial bond offerings.
More
As part of its brokerage services, Gazprombank provides its clients with daily and weekly analytics. This includes reports on the market situation and reviews of issuers. Telegram has a special chat for clients, where important information is quickly published.
Along with this, the organization has a license to operate non-state pension funds and trust asset management.
Investment portfolio composition
The portfolio consists of high-quality, highly liquid bonds. The management company primarily invests in reliable securities, the issuers of which may be, among other things, companies with state participation. However, some of the funds are also invested in unknown new companies that can provide a higher level of profitability. The main feature of the fund is that the management company tries to invest not just in highly reliable bonds, but also in the most profitable ones. In this case, an optimal balance between risk and profitability is ensured.
The mutual fund includes several types of assets, which provides it with a certain level of diversification:
- 90.1% – bonds of domestic issuers;
- 8.8% – accounts receivable;
- 1% – bonds of foreign issuers and Eurobonds;
- 0.1% – cash.
However, there is no need to talk about full portfolio diversification, since most of the portfolio consists of bonds.
The fund is well diversified across issuers. Here are those that have the greatest share:
- Gazprom Neft – 6.55%;
- Rosneft – 6.27%;
- MTS – 5.24%;
- Tele2 – 4.8%;
- Megafon – 3.96%.
When forming an investment portfolio, the management company gives preference, first of all, to short-term securities that have a maturity of 3-5 years. This makes the portfolio more portable, but ultimately reduces potential returns. After all, bonds with a longer maturity can bring more income.
Working with a broker
To use brokerage services, you must first go to the official website of Gazprombank, select the “Brokerage Services” section and fill out an application to open a brokerage account. All interaction is built through the banking structure.
There, a current account is opened for the investor, through which monetary transactions with the brokerage account are processed.
Connection is possible online, using the State Services portal, or when visiting the organization’s office. All problems can be solved through the technical support service of Gazprombank.
Registration on the official website
After the investor has completed the application on the brokerage service page, he needs to enter and confirm identification data. Next, the user gets access to his personal account, where he can manage the updating of data, as well as see information about all his open accounts and existing contracts.
Instructions for opening an account
When concluding a brokerage service agreement, the client must fill out an application, providing the broker with all the necessary information. This includes TIN, insurance certificate, identification document (passport). This can be done in person at the office or electronically.
Gazprombank does not set a minimum threshold for opening a standard brokerage account. If all steps are completed correctly, the investor will have access to exchange trading on the next day.
Demo account
Brokerage services of Gazprombank do not provide a demo version of the account.
Account replenishment and withdrawal of funds
After signing a brokerage agreement, the investor will already have a current account with Gazprombank. It is best to make money transfers through it. A good option is to issue a Gazprombank debit card, then all transfers will be completed quickly and without commissions.
To top up, you can use the Home Bank mobile internet bank. For other methods of depositing and withdrawing money, commissions may be charged in accordance with banking service tariffs.
Technical support
Technical and informational assistance can be obtained through a single brokerage service line of Gazprombank (8.). It is provided to all clients and is valid throughout Russia.
In some cases, investors are assigned a manager to assist them in emerging issues. The company does not provide online chat.
The cost of the share "Gazprombank - MICEX Index - Electric Power Industry"
The share price as of November 8, 2021 is 475.57 rubles, NAV is 198,752,221.58 rubles.
Recent price
| By days | Share price, rub. | NAV, rub |
| 08 November | 475.57 | 198 752 221.58 |
| 07 November | 478.08 | 199 804 549.01 |
| 06 November | 476.04 | 199 570 158.12 |
| November 02 | 472.93 | 198 115 895.96 |
| November 01 | 471.34 | 197 448 704.66 |
| October 31 | 472.80 | 198 055 182.62 |
| October 30 | 473.82 | 198 285 601.74 |
| By month | Share price, rub. | NAV, rub |
| October | 472.80 | 198 055 182.62 |
| September | 505.50 | 214 460 045.99 |
| August | 493.51 | 194 743 951.72 |
| July | 529.75 | 211 210 011.36 |
| June | 528.56 | 219 697 233.15 |
| May | 531.71 | 226 358 376.31 |
| April | 540.43 | 243 946 381.05 |
The table “by month” shows the price for the last day of the month.
Change in unit value over 12 months
- Yield for 12 months: 2.24%
- If you had invested 100,000 rubles on April 1, 2021, you would have received 102,240.34 rubles.
Here is a chart of changes in the value of the mutual fund "Gazprombank - MICEX Index - Electric Power Industry":
- share profitability
- benchmark index return
Change in share value over 3 years
- Return over 3 years: 88.94%
- If you had invested 100,000 rubles on April 1, 2015, you would have received 188,940.64 rubles.
See the chart of changes in the value of the share “Gazprombank - MICEX Index - Electric Power Industry” for 36 months:
- share profitability
- benchmark index return
Real reviews
On the Internet, negative reviews outweigh positive ones. Many are justified, pointing to specific shortcomings in the company's brokerage services. However, the situation is not critical: there are many clients who are completely satisfied with the service provided by Gazprombank brokerage.
Traders
Investors with standard brokerage accounts are mostly put off by high commission costs and poor service.
Clients
Clients who received brokerage services not for active independent trading, but used personal offers or made one-time transactions, rate the situation higher. In general, they are satisfied with the work of managers and the services of the brokerage department.
Employees
It was not possible to find reviews from employees of the brokerage department of Gazprombank specifically. Therefore, as a guide, I decided to take the comments left by employees of the banking structure.
Here opinions are divided. They mostly talk positively about the eminence of the structure and the gaining of experience. The negative consists of poor working conditions, complaints about employees holding high positions without the proper level of competence.
Alternatives
“Bonds Plus” of Gazprombank Management Company will be useful only as a replacement for a deposit. For those who need increased profitability, I recommend ETFs (BPIFs) for bonds of the Moscow Exchange Government Bonds Index fund (SBGB) managed by Sberbank.
The risk is identical to the mutual fund of Gazprombank Management Company, and the profitability is many times higher: 18% for 2021. Investing in IPOs, independently purchasing securities, and currency speculation provide profits of up to 40–100% per annum. But don't forget about the high risk.
