trending Market Intelligence /marketintelligence/en/news-insights/trending/WQtR3PX3hpIIE7p5GMoq6g2 content esgSubNav
Log in to other products

 /


Looking for more?

Contact Us
In This List

Report: Russian regulator restricts money transfers at Unistream Bank

Blog

Latin American and Caribbean Market Considerations Blog Series: Focus on IFRS 9

Blog

Banking Essentials Newsletter: April Edition - Part 2

Blog

The Evolution of Cloud Banking: Successful Implementation & Frameworks

Blog

Banking Essentials Newsletter - April Edition


Report: Russian regulator restricts money transfers at Unistream Bank

Russia-based Unistream Commercial Bank (JSC) is experiencing problems with outgoing money transfers in the evenings during weekdays due to restrictions imposed by the central bank, Kommersant reported, noting that the problems could lead to the outflow of customers.

The lender officially denied the problems, but sources close to Unistream said the central bank set a daily limit of 400 million Russian rubles on money transfers from the bank as a security measure following a 2018 hacking incident at the lender, Kommersant noted in its May 23 report.

The newspaper's sources also said the regulator pointed to the opacity of Unistream's settlement system with partner banks, and gave the financial institution a June deadline to deal with the shortcomings.

As of May 22, US$1 was equivalent to 64.32 Russian rubles.