Master Bank Explained

Master Bank
Industry:Banking, Financial services
Foundation:1992
Location Country:Russia

Master Bank (pronounced as /ru/; JSB) was a private bank in Moscow. As of 2012, it was the 69th largest bank in Russia.[1] In November 2013, its bank license was withdrawn by Central Bank of Russia.[2]

Activity

Master Bank provided corporate lending, lending to small and medium business, loans to physicals, servicing corporate clients, trade and project finance, international operations, issue and service of plastic cards, retail business, deposits, the operations in the financial markets etc.

History

The bank was founded in 1992. In 2010, it was assigned a credit rating A "High level of creditworthiness" (rating agency "Expert RA")[3] and he took 2nd place in the rating "The most reliable of the 100 largest Russian banks" magazine "Profile".[4] In November 2013, Master Bank's banking license was revoked by the Central Bank of Russia.[5] [6] [7]

It was a universal bank providing all types of banking services. It had 12 branches with more than 100 offices in 10 regions of Russia. The central office of Master-Bank was located in Moscow (Runovsky lane, 12).[8]

Notes and References

  1. The Moscow Times, 15 October 2012, "Master Bank's License Under Threat". Accessed 17 October 2012.
  2. http://www.cbr.ru/pw.aspx?file=/press/ik/131120_092423bank5-general.htm Information on withdrawal of bank license and appointment of a provisional administration
  3. Web site: 2010. "Эксперт РА" повысил рейтинг Мастер-Банка до уровня А. Эксперт РА. 2010-02-01. ru. https://web.archive.org/web/20111223220207/http://raexpert.ru/releases/2010/Feb01b/. 2011-12-23. live.
  4. Web site: 2010. Самые надежные из 100 крупнейших коммерческих российских банков (на 1 января 2010г.). /www.profile.ru. 2010-03-15. ru.
  5. Web site: Об отзыве лицензии на осуществление банковских операций и назначении временной администрации. 2013-11-20. Central Bank of Russia. 2014-03-05. ru.
  6. http://itar-tass.com/ekonomika/772002 ЦБ РФ отозвал лицензию у московского Мастер-банка
  7. http://www.finam.ru/analysis/newsitem7A193/ ЦБ отозвал лицензию у «Мастер-Банка»
  8. Web site: Master Bank’s License Under Threat. 2012-10-15. The Moscow Times.