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Evrofinance Mosnarbank

Company

Based on "Evrofinance of Mosnarbank" the Russian-Venezuelan bank is created. In February, 2011 Venezuela entered about $400 million to authorized capital of joint venture bank.

Owners:
Federal Agency for State Property Management (Rosimushchestvo)

Content

2019

Gazprombank will transfer to the state a share to "Evrofinance Mosnarbank"

Gazprombank  will transfer to Rosimushchestvo a share to "Evrofinance Mosnarbank" against which on March 11 the USA imposed sanctions because of communications with the Venezuelan oil state company PDVSA.

"Gazprombank … conducts consultations with profile departments now. As far as I know, the bank intends to send shortly the offers to the government", – the source familiar with the course of negotiations told in March, 2019 TASS. The representative of Gazprombank confirmed this information, having refused further comments.

Earlier the president  of VTB  Andrey Kostin said that  the bank headed by it will transfer a share to "Evrofinance Mosnarbank" to the state. According to him, the decision is already made by the first Deputy Prime Minister Siluanov.  VTB  decided to refuse an asset even before imposition of sanctions, he specified. Transfer will happen in the next few days, A. Kostin added.

Blocking of cards because of sanctions of the USA

On March 13, 2019 it became known that cards of Evrofinance will pass to World because Visa and MasterCard disconnected bank because of sanctions of the USA.

The National Payment Card System (NPCS) notes that transactions on cards can be resumed as soon as the bank solves problems with processing.

There are no cards of MasterCard emitted by bank in the address for March 13, 2019, the bank does not issue them long ago and therefore replacement will not be required.

Recard issue is required in connection with suspension by international payment systems of Visa and MasterCard since March 12, 2019 of membership in them of credit institution. It caused blocking of the Visa and MasterCard cards abroad and in Russia. According to the annual report for 2017, the bank issued more than 2 thousand cards of three payment systems. At the same time salary projects with 10 organizations were implemented, and for 14 organizations the bank emitted cards.

The National Payment Card System explained that processing of the cards "Evrofinance of Mosnarbank" was stopped from company PTs "KartStandart" — the contractor "Evrofinance of Mosnarbank" on implementation of functions of processing of cards of bank.

«
Transaction according to cards are correctly processed in the National Payment Card System, as well as is set by the legislation, but do not receive authorization from emitting bank on behalf of which processing of KartStandart acts
»

As soon as the bank recovers work of the processing or will involve other contractor, transactions will continue to be processed successfully, noted in the National Payment Card System.

"Evrofinance Mosnarbank" for March, 2019 takes the 96th place by the amount of assets among the Russian banks. As of February 1, 2019 in "Evrofinance Mosnarbank" 8.9 billion rubles of means of natural persons were placed. "Evrofinance Mosnarbank" for 49.99% belongs to the Venezuelan public foundation of national development (Fondo de Desarrollo Nacional) and also Gazprombank and VTB — at everyone on 25%. On March 11 the Ministry of Finance of the USA included bank in the SDN sheet. Restrictive measures were taken for communications of bank with the Venezuelan state oil and gas company Petroleos de Venezuela SA (PDVSA).

«
I think that if such apocalypse begins, we will complicate access to dollars in general on a national scale. So if at us begin "chop off" large banks, it means system sanctions, and Russia, respectively, will be fenced off from free circulation of dollar.
»

Notes