How to open a bank account in RCB BANK LTD

1995

The history of the bank goes back to 1963, when the Moscow Narodny Bank of the USSR established a branch in Beirut, a major Middle Eastern financial and business centre at the time. As the political situation in the Middle East deteriorated in 1989, the branch was relocated to Cyprus, where ownership was transferred later to Vneshtorgbank. On 1 August 1995, the Bank reached an important milestone in its history when the branch was transformed into the Russian Commercial Bank (Cyprus) Limited as an overseas unit of VTB Bank and a banking licence was issued by the Central Bank of Cyprus. Since the accession of Cyprus into the European Union in 2004, the Bank has operated as a fully fledged European bank. In October 2010, Russian Commercial Bank (Cyprus) Limited opened new branches in Limassol and Nicosia. In November 2013, Russian Commercial Bank (Cyprus) Limited changed its name to RCB BANK LTD. In April 2014, RCB BANK opened a branch in Luxembourg. RCB BANK LTD is currently in liquidation: on 24 March 2022, the European Central Bank imposed a provisional administration on RCB Bank Cyprus

The bank has English-speaking staff

VTB Group - 60%

Judicial Cooperation Agreement with Russia is signed; Double Taxation Agreement with Russia is signed; AML legislation is strictly observed