Russian Regional Development Bank

The Russian Regional Development Bank (swift code RRDBRUMM[1]) is a Russian bank founded on 27 March 1996 in a form of PJSC. The RRDB offers a general variety of bank services.[2]

Russian Regional Development Bank

History

The RRDB was founded by Rosneft on 27 March 1996.[3]

On 9 October 2014, the Bank of Russia took a decision to dispense the public joint-stock company Russian Regional Development Bank from the duty to disclose information pursuant to Article 30 of the Federal Law ‘On the Securities Market’.[4]

In May 2019, Moody's Investor Services rated it Not Prime with stable outlook and rated its deposits as Ba2.[5]

In early 2020, the RRDB came to attention for its facilitation of the Vedomosti ownership transaction,[3] and correlative appointment of editor-in-chief Andrei Shmarov, a person known for his affinities to Vladimir Putin and to RRDB parent Rosneft.[6]

Leadership

Its President is Dina Malikova.[7] Bloomberg L.P. lists its board members as:

Official website

References
  1. "RUSSIAN REGIONAL DEVELOPMENT BANK SWIFT code RRDBRUMM". www.bic-swift.com. Retrieved 16 June 2020.
  2. "Russian Regional Development Bank OAO". Bloomberg. Retrieved 16 June 2020.
  3. "Sale of top Russian business newspaper 'Vedomosti' complete". Meduza. 29 May 2020.
  4. "On dispensing from duty to disclose information". Bank of Russia. 13 October 2014.
  5. "Rating Action: Moody's affirms Russian Regional Development Bank's deposit ratings at Ba2 with stable outlook and upgrades its BCA to ba3". Moody's Investors Service Limited. 29 May 2019.
  6. "Vedomosti Sale Put on Hold After Censorship Backlash". Russia Business Today. 1 May 2020.
  7. "Russian Regional Development Bank". The Official Board. Retrieved 16 June 2020.
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