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Russia-based Fundservicebank changes name

Russia-based JSC Fundservicebank changed its legal name to JSC Roscosmosbank.

The name change and the upcoming rebranding are part of the lender's development strategy to focus on servicing aerospace companies and their employees, the financial institution said May 21.

Ranked 58th by assets size, the bank is fully owned by Russia's Roscosmos State Corporation for Space Activities.