Changes in Russian Banking Law:
Universal Banks and Banks with a
Basic License
On 1 June 2017, the Federal Law No. 92-FZ dated 1 May 2017 came into force that, in particular, established two categories of Russian banks depending of a list of permitted operations: banks with a universal license and banks with a basic license, as well as provided for new requirements for the minimum amount of the charter capital of credit institutions.
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Contacts:
Yana Dianova
Director of Corporate and Commercial Law Department
GRATA International (Moscow)
Tel: +7 (495) 660 11 84
E-mail: ydianova@gratanet.com
Moscow