Evrofinance Mosnarbank

OJSC Evrofinance Mosnarbank
Company typeOpen Joint Stock Company
IndustryBanking
HeadquartersMoscow, Russia
Key people
Sergey N. Yarosh (President – Chairman of the Executive Board)
ProductsFinancial services
Decrease RUB 203 million (2019)[1]
Total assetsDecrease RUB 64.4 billion (2019)[1]
RatingB1 (Moody's), B+ (Fitch) (2017)[2]
Websitewww.evrofinance.ru

OJSC Evrofinance Mosnarbank is a Russian commercial bank. Full name of the Bank: Open Joint-Stock Company Evrofinance Mosnarbank. Head office locates in Moscow. General License No. 2402 of Bank of Russia.

Company

In the fall of 2020, bank began to attract dollar deposits at a rate four times higher than the market average (2% per annum). Due to sanctions, deposits are only accepted in cash.[6]

Controversy

Sanctions

In March 2019, the United States Treasury Department sanctioned Evrofinance Monsarbank over its relationship with Venezuelan state oil company PDVSA.[7]

On March 13, 2019, Evrofinance Mosnarbank promised that in the near future, bank customers will receive cards of the Mir payment system instead of the Visa and MasterCard payment systems that disabled the bank. The National Payment Card System (NSPK) notes that card transactions can be resumed as soon as the bank solves problems with processing.[8]

References

  1. ^ a b "Консолидированная финансовая отчетность за год, закончившийся 31 декабря 2019 г." (PDF). Evrofinance Mosnarbank. 2020-03-27.
  2. ^ "Рейтинг банков - 2017 (таблица)". Forbes.ru. 23 March 2017. Retrieved 1 May 2017.
  3. ^ Кошкина, Юлия (Koshkina, Yulia) (28 August 2020). "Газпромбанк избавился от акций российско-венесуэльского банка: Пакет в Еврофинанс Моснарбанке, который принадлежал Газпромбанку, отошел Росимуществу через пять месяцев после попадания российско-венесуэльского банка под санкции США. Ранее свой пакет государству передал ВТБ" [Gazprombank got rid of the shares of the Russian-Venezuelan bank: The package in Evrofinance Mosnarbank, which belonged to Gazprombank, went to the Federal Property Management Agency five months after the Russian-Venezuelan bank fell under US sanctions. Earlier, VTB transferred its stake to the state]. RBC. Archived from the original on 28 August 2019. Retrieved 26 March 2022.{{cite news}}: CS1 maint: multiple names: authors list (link)
  4. ^ "ВТБ передал долю в "Еврофинас Моснарбанке" Росимуществу" [VTB transferred a stake in Eurofinas Mosnarbank to the Federal Property Management Agency]. Interfax (in Russian). 1 April 2019. Archived from the original on 29 August 2019. Retrieved 26 March 2022.
  5. ^ "Газпромбанк избавился от доли в подсанкционном российско-венесуэльском банке: Ранее свой пакет акций в Еврофинанс Моснарбанке передал Росимуществу ВТБ" [Gazprombank got rid of its stake in a sub-sanctioned Russian-Venezuelan bank: Earlier, VTB transferred its stake in Eurofinance Mosnarbank to the Federal Property Management Agency]. Interfax (in Russian). 28 August 2019. Archived from the original on 28 August 2019. Retrieved 26 March 2022.
  6. ^ "На свой вклад и риск: стоит ли открывать долларовый депозит под 2% в подсанкционном банке". Forbes. 2020-10-12.
  7. ^ "Treasury Sanctions Russia-based Bank Attempting to Circumvent U.S. Sanctions on Venezuela". U.S. Department of the Treasury. March 11, 2019. Retrieved December 2, 2019.
  8. ^ "Карты "Еврофинанса" перейдут на "Мир"". www.kommersant.ru (in Russian). 2019-03-13. Retrieved 2022-07-12.