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The Bank of Moscow offers:

  • opening and maintaining correspondent accounts in Russian rubles and foreign currencies free of charge;
  • make payments using the Bank’s wide network of correspondents in Russia and abroad;
  • Interest earned on remaining balance on correspondent accounts1.

1 The Bank calculates interest for correspondent banks based on the balance of the Vostro account in foreign currency at the beginning of each trading day:
— for the equivalent of up to USD 50 000 — 0% APR (or equivalent amount in USD based on the Bank of Russia’s exchange rate on the date of accrual of interest);
— on an amount equivalent to USD 50 000 or more — 0.05 % per year.
The Bank calculates the correspondent bank’s interest rates on the balance on the Vostro account in Russian rubles at the beginning of each trading day in the amount of 3 % of the current refinancing rate of the Bank of Russia.

For additional information please contact:

Vladimir E. Vasjatkin
Head of Financial Institutions
Phone: +7 (495) 925-80-00, ext. 11-141

Elena D. Christie
Deputy Head of Department — Head of Department
Phone: +7 (495) 925-80-00, ext. 12-863

Olga A. Basha
Head of Foreign Financial Institutions
Phone: +7 (495) 925-80-00, ext. 12-898