The Bank of Moscow (BoM) is one of the leading universal commercial banks in the Russian Federation ranking number 5 in terms of assets. The Bank provides services to over 100,000 corporate clients and over 9 million private customers. Among its corporate clients are major enterprises of various sectors of economy and SMEs. Bank of Moscow traditionally supports economic and social programs in Moscow. Bank of Moscow is a fully consolidated subsidiary of VTB Group, the second largest financial group of Russia in terms of assets. Total assets: RUB 761 billion - approx. US$ 24 billion (as of June 30, 2011).
The Bank owns 5 foreign subsidiary banks: BM Bank (Kiev, Republic of Ukraine), Bank Moscow-Minsk (Minsk, Republic of Belarus), AS Latvijas Biznesa Banka (Riga, Latvia), AS Eesti Krediidipank (Tallinn, Estonia) and Bank of Moscow j.s.c. — Belgrade (Republic of Serbia). The Bank also has a representative office in Frankfurt am Main, Germany.
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Bank of Moscow :: Press Releases
01.09.2010 Profit made by the Bank of Moscow for the 7 months of 2010 exceeded the profit amount for the entire year 2009. More
Financial News
Three Swiss bankers indicted by U.S. in tax crackdown - 09.01.2012 U.S. authorities are moving toward taking legal action against Wegelin & Co., which could lead to an indictment of one of Switzerland's last pure private banks, on charges that it enabled wealthy Americans to evade taxes, according to two persons with knowledge of the case. Source: Reuters
Islamic finance assets to hit US$ 1.1 trillion in 2012 - 22.11.2011 Islamic finance assets around the world are expected to climb 33% from their 2010 levels to $1.1 trillion by the end of 2012, boosted by the aftermath of the Arab Spring uprisings and dissatisfaction with conventional finance in the wake of the global debt crisis, consultants Ernst & Young said in a report on Tuesday. Source: Reuters
Spanish bank ratings downgraded by Fitch and S&P - 12.10.2011 Two leading credit rating agencies have downgraded some of Spain's largest banks, citing a deteriorating outlook for the Spanish economy. Source: BBC News
Spotlight on Islamic Retail Banking – strategies for fast growing industry - 07.10.2011 Islamic Banking is young but fast growing industry what brings challenges as need for standardization, expanding at the market (now < 1% population is banking Islamic Banks), lack of public awareness about Islamic Banking (misinterpretation) and limited resources of qualified people in this particular industry. Source: Fleming Gulf
JBIC inks $43bn credit line pact with Japan banks - 05.10.2011 The Japan Bank for International Cooperation (JBIC) said Wednesday that it has signed separate pacts with three major Japanese banks to give them a combined $43 billion, or Y3.3 trillion, credit line, as part of the government's steps to encourage companies to go ahead with M&As overseas. Source: Nikkei
U.S. banks begin charging monthly debit-card fees - 01.10.2011 Get ready for a new wave of bank fees. Bank of America will begin charging a $5 monthly fee at the beginning of next year for customers who make debit card purchases. Source: CNNMoney
The Bank of Moscow (BoM) is one of the leading universal commercial banks in the Russian Federation ranking number 5 in terms of assets. The Bank provides services to over 100,000 corporate clients and over 9 million private customers. Among its corporate clients are major enterprises of various sectors of economy and SMEs. Bank of Moscow traditionally supports economic and social programs in Moscow. Bank of Moscow is a fully consolidated subsidiary of 
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