Financial that (earlier Vietnamese-Russian joint venture bank)

History

2020: Revocation of license

On December 11, 2020 the Central Bank of the Russian Federation announced revocation of license of Fintekh bank which until the end of May was called Vyetnamo-Rossiysky joint venture bank. This credit institution at the time of cancellation of a license for banking operations took the 241st place in a banking system of the Russian Federation.

Repeated violation by bank of the federal laws regulating banking activity and also regulations of the Bank of Russia became a basic reason of revocation of license. Also credit institution allowed violations of requirements of the legislation for counteraction to laundering of income, reported the regulator.

The Central Bank revoked the license from Fintekh bank

In Fintekh the temporary administration of the Central Bank which will work until appointment of the receiver or the liquidator is appointed. Powers of executive bodies of credit institution are suspended.

The Fintekh bank worked at the basic license. The credit institution had no right to raise funds of individuals in deposits and is not included in deposit insurance system.

By June, 2020 the bank had 13 individuals beneficiaries from whom 10 owned the shares directly. Among them there was a head of bank Tatyana Fedortsova from shares of 5.5%.

2013-2015

In the summer of the 2013th Vietnamese completely left the capital of the bank which was called then VRB Moscow then 100% of its shares consolidated leasing structures of VTB Group. Two years after structure of VTB left the capital of bank. In the fall of the 2015th the credit institution became VRB commercial bank, without the word "Moscow" in the name.

2016-2018

In 2016 the head office of bank replaced registration from Moscow with Yaroslavl, and two years later returned to the capital.

2009

The bank was founded at the end of 2009 as "subsidiary" of the Vietnamese-Russian joint venture bank (VRB, Vietnam-Russia Joint Venture Bank) as which founders, in turn, the Russian VTB and Bank of investments and development of Vietnam acted in equal shares.^[1]

Notes