Former Russian subsidiary of Goldman Sachs changes name to Origin Bank

MOSCOW. July 18 (Interfax) - Goldman Sachs Bank, the former subsidiary of U.S. Goldman Sachs in Russia, has changed its name to Origin Bank, according to the Unified State Registry of Legal Entities (USRLE).

CJSC Balchug Capital, which is owned by David Amaryan's Balchug Capital fund, has owned the bank since April. President Vladimir Putin at the end of January signed an order that allowed Balchug Capital to acquire 100% of the capital in Goldman Sachs Bank LLC.

The company was involved in a number of deals to buy out the assets of foreign players exiting the Russian market, particularly the U.S. Caterpillar concern.

Goldman Sachs Bank has been operating in Russia since January 2009. The bank specialized in servicing Goldman Sachs corporate clients and did not work with individuals. The bank ranked 235th in terms of assets in Q1 2025 in the Interfax-100 ranking prepared by the Interfax Center for Economic Analysis.

Goldman Sachs announced its intention to exit Russia in March 2022. The bank in the same year was also included in the list of lending institutions for which a ban was imposed on transactions with shares and stocks, as well as with contributions to authorized charter capital, unless special permission for the transactions was obtained.