Company Information

Get to know Svyaznoy Bank

Svyaznoy Bank was a Russian financial institution, formerly known as AKB Promtorgbank, which was acquired by the Svyaznoy Group in 2010. It leveraged the extensive network of the Svyaznoy mobile retail stores to rapidly build a large client base, focusing on issuing credit cards, consumer loans, and accepting deposits. The bank's business model was heavily integrated with the retail chain, offering financial products at points of sale. However, the bank faced significant financial difficulties, and on November 24, 2015, the Central Bank of the Russian Federation revoked its banking license, leading to its subsequent bankruptcy and liquidation.

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Svyaznoy Bank

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Founded in

1992 (34 Years)

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Markets.com

(326 reviews)

United States

2008

(18 years)

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A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.