Baltic International Bank Representative Office Licence in Moscow Renewed

News - March 8, 2016

The Central Bank of the Russian Federation (Bank of Russia) has made the decision to renew the representative office licence for Baltic International Bank. The licence of Moscow-based representative office has been renewed for a further three-year period and will be valid until 11 March 2019.

The Chairperson of the Board of Baltic International Bank Ilona Gulchak made the following remarks: „Baltic International Bank operates in several target markets, including Latvia, Western Europe, Russian Federation, Ukraine, Great Britain, and others. Moscow-based representative office provides administrative, legal and informational support to Baltic International Bank in Russian Federation. Along with rendering day-to-day banking services to affluent customers, Baltic International Bank offers its customers (in all of the target markets, including the Russian Federation) opportunities to invest in sustainable and environmentally friendly projects.”

In 2004, Russia’s Central Bank licensed Baltic International Bank to open Moscow-based representative office. Thereafter, the licence was regularly renewed.

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