BOX OF JOINT STOCK BANK
Russia
Southern Federal District of the Russian Federation
Volgograd
The KOR bank worked at financial market since 1992. The bank offered individuals deposits, services in payment acceptance and money transfers, mortgage and consumer lending and also currency exchange transactions and transactions with securities. With accession in the spring of 2016 to service of instant money transfers Zolotaya Korona in a line of retail products of bank the new demanded and hi-tech product appeared.
In October, 2018 the Bank of Russia revoked licenses for banking operations from the Volgograd bank "KOR". The business model of KOR bank was substantially focused on service of interests of his major shareholder and the connected persons. The loan debt of the companies, directly or indirectly related to final beneficiaries of credit institution, was about 50% of the loan portfolio.
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