Skip to main content Skip to footer

Colliers International to advise association of Russian banks on real estate valuation in Russia

Colliers International will be represented on ARB’s Committee on Valuation Activity  and will have the opportunity to directly influence the development of valuation services as well contribute to efforts aimed at raising the profession standards of appraisers in Russia.   
A key focus will be advising ARB members (Sberbank, Alfa-Bank, UralSib, Lukoil, Russian Railways, KPMG, Gazprombank, PricewaterhouseCoopers and others) on questions concerning the valuation of real estate as collateral for financing as well as providing timely and insightful information about the commercial real estate market in Russia and abroad. 

Alexander Zakuskin, Associate Director for Valuation, Colliers International Russia, commented: “Strategic cooperation with ARB represents a logical continuation of our company’s strategy for reinforcing its leading positions in all segments of the real estate market in Russia. Furthermore, our work within the Committee on Valuation Activity will provide an opportunity to apply and expand our international experience in valuation and also to strengthen our cooperation with the leading banks and auditing firms in Russia.” 

The Association of Russian Banks (ARB) is a key noncommercial organization created in 1991 by the leading banks and financial structures with the aim of improving Russian legislation, implementing a strategy for the development of the banking and financial services sector as well as the protection of the rights and interests of the business community. In addition to the largest banks of Russia, the organization’s members include the Big Four auditing firms, 15 foreign bank rep offices, 55 banks with foreign ownership and more the 970 Russian credit organizations.