Teamer Bank

2024: Hit by US sanctions

On September 19, 2024, the Office of Foreign Assets Control of the US Treasury Department (OFAC) announced the imposition of sanctions against Timer Bank, created in Tatarstan. In addition, Stroytrand LLC, Vice President of TsMRBank LLC Dmitry Nikulin and the South Ossetian International Settlement Bank (MRB) fell under restrictions.

The US Treasury claims that these organizations "helped Russia and the DPRK bypass sanctions." In particular, according to the statements of the American department, these structures were involved in the formation of financial schemes with the DPRK Foreign Trade Bank (FTB) and Korea Kwangson Banking Corporation (KKBC), which are under US sanctions. The US Treasury said in a statement that FTB serves as the DPRK's main foreign exchange bank and is vital for the functioning of the financial networks that the country uses to finance its military programs.

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Today's actions emphasize our serious concern about the efforts of Russia and the DPRK to deepen financial cooperation in violation of UN Security Council resolutions, said Bradley Smith, Acting Deputy Secretary of the Treasury for Counterterrorism and Financial Intelligence.

According to the US department, Nikulin contributed to the transfer of funds from FTB through TsMRBank to the MRB. In addition, the US Treasury claims that as part of a separate scheme at the end of 2023, the Russian Financial Corporation (RFK-Bank), which is under US sanctions, collaborated with FTB to create the Moscow company Stroytrade in order to obtain frozen DPRK funds stored in liquidated Russian banks.^[1]

2019: Credit from the Central Bank for 2.9 billion rubles and rehabilitation with the participation of Rostec

In 2019, the same bank was sanitized again, but already with the participation of Rostec: at the expense of the next loan from the Central Bank of 2.9 billion rubles.

2017: Bank placed under DIA management

The Central Bank transferred banks "" and Soviet Teamer Bank under control. DIA Banks were associated with Tatfondbank, where for the third month there has been a moratorium on the fulfillment of creditors' claims. According to RBC the surveyed experts, in this way CENTRAL BANK OF THE RUSSIAN FEDERATION he is trying to share the risks and find these banks a new sanatorium

2016: Timer Bank limits withdrawals from deposits

Timer Bank (Tatarstan) introduced a limit on deposit withdrawals in December. In particular, with early closure, a restriction of up to 5 thousand was introduced, rubles at the end of the deposit period - up to 100 thousand ^[2]

Earlier, the bank's press service reported that Timer Bank has the necessary resources and funds to implement its own financial recovery plan. The credit institution noted that the plan was approved by the Bank of Russia and the Deposit Insurance Agency for the period up to 2024. According to the plan, Timer Bank has remained an independent credit institution for all these years and, after the expiration of the financial recovery period, fully restores all regulatory parameters of banking activities.

In addition, on December 16, Timer Bank announced a temporary suspension of the service of its payment cards through the processing center of Tatfondbank.

At this time, Timer Bank is a universal regional bank, one of the largest in Tatarstan. The main areas of activity are lending and settlement and cash services to commercial organizations and individuals, as well as raising funds from the population in deposits. 100% of the bank's shares belong to the New Petrochemistry company, which, in turn, controls about 20% of Tatfondbank's capital.

2015: Renaming as "Timer Bank" and a loan of 10 billion rubles from the DIA

In April 2015, the bank changed its name to Timer Bank. Then a loan of 10 billion rubles. allocated. DIA

2014: Rehabilitation of BTA-Kazan with the participation of Tatfondbank

In 2014, the Central Bank announced the beginning of the financial recovery of BTA-Kazan, which was under the control of Mukhtar Ablyazov. The reorganization took place with the participation of Tatfondbank Robert Mussin (later found himself under criminal proceedings).

1991: Founding of the Bank

The Bank was founded on the basis of the Tatar branch of Finist Bank in 1991 under the name "Volga-Kama Joint Stock Bank" (VKAB). Among the shareholders at different times were noted KMPO JSC, Chistopol Watch Plant Vostok JSC, Tatenergo, Kazan Heating Networks Enterprise, Novomendeleevsky Chemical Plant, NPO Zavod im. Kirov, Promstroybank, Concern Izhmash OJSC, Kazan International Airport OJSC, state insurance companies of Tatarstan and Chuvashia.

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