LOCKO-Bank Authorized to Work with Strategic State Corporations Funds

LOCKO-Bank joined the list of credit institutions that were authorized to work with strategic state corporations funds. The list is published on the website of the Central Bank of the Russian Federation. According to the document, only 136 banks meet the requirements of the Law №213-FZ established by the Russian Government in coordination with the CBR.

One of the main criteria to work with strategic state corporations funds is bank’s equity that shall not be less than RUB 5 billion.

Andrey Lyushin, Deputy Chairman of the Executive Board, commented:

“LOCKO-Bank is always aimed at maximum performance transparency that is a fundamental principle of cooperation with our customers. The right to work with strategic state corporations funds proves the reliability of the bank. We are grateful for the trust and ready to cooperate at the highest level.

LOCKO-Bank’s equity amounted to RUB 9.6 billion according to RAS as of October 01, 2014, increased by 4.5% since the beginning of the year.