In accordance with Clause 5.1 of Bank of Russia Ordinance No. 3439-U, dated November 6, 2014, titled “On the Procedure for the Bank of Russia to Recognise Credit Institutions as Important in the Payment Services Market,” the Bank of Russia has announced changes concerning credit institutions deemed significant in this sector.
Effective January 1, 2025, Bank Otkritie Financial Corporation (Public Joint-Stock Company), registered under number 2209, merged with BM-Bank JSC, which holds registration number 2748. Notably, BM-Bank JSC was not previously considered important in the payment services market.
Additionally, PJSC ROSBANK, bearing registration number 2272, merged with TBank on the same date. TBank is recognized as a significant entity within the payment services market and is registered under number 2673.
The Register of Credit Institutions Recognised by the Bank of Russia as Important in the Payment Services Market was published in Bank of Russia Bulletin No. 33 (2507) on September 9, 2024.
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