Russia

Entered market 

1974

In 1974, Barclays International, along with Tozer Kemsley, Millbourn (Holdings) and Lazard Brothers, received authorisation from Soviet authorities to open a representative's office in Moscow. This office was managed by Barclays Tozer Ltd, a subsidiary company established specifically for this project, whose remit was to 'foster trade and economic development between the USSR and its associated countries and the rest of the world, including developing countries.' One of the main objectives for Barclays Tozer was to be the first British bank operating in this field, complementing the bank's international network. The bank took a leading role in training Russian bankers in areas such as corporate banking. The worsening Russian economy, however, lead to the decision to mostly withdraw from the country, although Barclays Capital did continue to operate as a deal manager and main lender in many development projects. In 2008, Barclays acquired Expobank, a leading Russian retail and commercial bank, and later that year, the first Barclays-branded branch opened in Moscow, renamed in 2009 as Barclays Bank LLC. In the same year, Barclays Russia launched its first premier banking product. In 2011, Barclays announced the sale of the Russian retail and commercial banking operations to Igor Kim, one of Russia's leading bankers. Wealth and Investment Management operations continue within the country. All information is correct as of 2015.

Traded as

Barclays International