Financial Institutions

Evrofinance Mosnarbank has achieved good results in expanding cooperation with major Russian and foreign financial institutions and is striving to further enhance these relations.

Evrofinance Mosnarbank offers other financial institutions a wide range of services based on the Bank's experience, business integrity, up-to-date banking technologies and stable ties with over 500 correspondent banks in Russia and abroad (see list of services).

Correspondent Relations

Evrofinance Mosnarbank has established correspondent relations with over 500 banks in Russia, CIS and abroad during the years it has been on the market.

Since late 2000, Evrofinance Mosnarbank has been a central settlement bank of Union Card international payment system. The Bank has established ties with over 80 correspondent banks within the framework of this project. These banks are offered a whole range of Evrofinance Mosnarbank's services, including settlement of card transactions. As a result, over 120 correspondent banks have loro accounts with Evrofinance Mosnarbank.

Having an extensive network of correspondent accounts, Evrofinance Mosnarbank is able to execute domestic and international settlements quickly and efficiently. The Bank carries out settlements in Russian rubles, all major global currencies, and in clearing currencies used for transactions with India and China.

Currently Evrofinance Mosnarbank offers the following services to its correspondent banks with loro accounts:

• opening and managing of correspondent accounts in Russian rubles and foreign currency;
• placing funds into correspondent accounts and transferring them to accounts of other banks and clients with Evrofinance Mosnarbank (free of charge);
• settlements in Russian rubles and foreign currency;
• providing account balance statements (free of charge);
• paying monthly interest on balances in correspondent accounts;
• paying interest on the amount of minimum balance of the correspondent account at individual interest rates, higher than regular;
• transactions with cash foreign currency funds;
• currency conversion;
• transactions with plastic cards.

Evrofinance Mosnarbank also offers its correspondent banks services related to documentary financing business:

• opening letters of credit;
• issuance of guarantees (including customs guarantees);
• collection.

Besides, Evrofinance Mosnarbank has experience in syndicated lending and is open to respective offers from its correspondent banks.

Financial Institutions
Phone: (+7 495) 795-0248