Representative office of BNP Paribas in Russia was opened in 1974. In July 2002 BNP Paribas received a banking license which was granted to the subsidiary "BNP Paribas" Closed Joint Stock Company (ZAO). BNP Paribas Retail Banking in Russia (CB "BNP Paribas Vostok" LLC), 100% subsidiary of BNP Paribas Group works in Russia since 2007 and has 25 banking branches in 5 major Russian cities: Moscow, St. Petersbourg, Nizhny Novgorod, Rostov-on-Don and Ekaterinburg. With its growing network, high innovative approach and international expertise BNP Paribas Retail Banking covers the main areas of financial and banking activity for the Individuals, Small Enterprises and Corporate Clients. CB "BNP Paribas Vostok" LLC works under the license Nn 2168 from 20 June 2007.