VTB Bank
VTB Bank is a Russian state-owned bank. It was founded on 1990 founded as Vneshtorgbank with the support of the Russian State Bank and Russia's Ministry of Finance to service Russia's foreign economic transactions and promote the country 's integration into the global economy.
Singapore prohibits doing business, freezes assets of 4 Russian FIs
Singapore prohibits doing business, freezes assets of 4 Russian FIs
MAS has ordered all of their assets in Singapore to be frozen.
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Compliance and legacy systems stall B2B payment shift
Retail drives digital payments as B2B adoption lags.
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Why high capital levels are a double-edged sword for Singapore banks