[3] CJSC JSCB “Agrooptorgbank” was entered by the Central Bank of the Russian Federation in the book of state registration of credit organizations (registered) on March 31, 1993.

In 1996, due to a change in legislation, changed the legal form, from Closed Type Joint Stock Company (CJSC) (in Russian "Акционерное общество закрытого типа") to Closed Joint Stock Company (in Russian "Закрытое акционерное общество").

The bank was founded in 1999 by Roustam Tariko owner of the Russian Standard Corporation, as a means of circumventing new laws which banned the advertising of alcohol in Russia.

Within the agreement the Bank becomes a partner to promote co-branding Miles & More card products in Russia based on Visa payment system.

The bank also deals with acquiring, Internet acquiring, attracting deposits, settlement and cash services to individuals and legal entities, providing overdrafts, renewable and non-revolving credit lines, conducting international settlements (bank guarantees and letters of credit), trade finance, conducting conversion operations, etc.

Until December 2008, the bank was actively involved in car loans, but at the beginning of the 2008–2010 because of the financial crisis, it completely removed this program.

The head of the branch of the movement, Yevgeny Ryakin, noted that many people came to them with complaints about debt collection methods carried out by this bank.

Ryakin gave the following example: "One woman said that she had been offered by the bank representative to sell a kidney in order to pay off the loan".

In addition, Ryakin noted "repeated violations of the legislation as well as the Civil Code of the Russian Federation by the credit organization".

In February 2013, the collectors of Russian Standard Bank offered a woman to solve the debt problem by selling her internal organs, as well as, according to A. V. Ivanov, Assistant Professor, Department of Advertising of the Russian University of Economics of Plekhanov and of the Chelyabinsk branch of the South Urals State TV and Radio Company, "they offered to sell the infant child of her sister".