Moscow Bank obtained license from NBS

Bank of Moscow Belgrade, with the consulting support of company "Citadel Financial Advisory", has obtained the license from the National Bank of Serbia (NBS) today (May 13, 2008) for work on territory of Republic of Serbia.

This bank will start with the activities on local financial market within next few months, that is, as soon as NBS issues all necessary documents and Bank of Moscow Belgrade is included in the registry of the Republic Business Registry Agency.

The intention of the Bank of Moscow Belgrade is to provide services for both physical and juristic persons on the financial market of Serbia by offering them wide spectrum of banking products and services, with the special focus on servicing of international oprations and support to Russian companies that operate in Serbia, that is, local juristic persons that are active on Russian market.

In the beginning, Bank of Moscow will hire about 30 financial experts, and the address of the headquarters of the bank will be 89 Karađorđeva Street in Belgrade. The plan of this bank is to increase the number of its workers by 40 by the end of the year 2008, as well as to open at least three offices in the country.