Промсвязьбанк (Promsvyazbank)

The bank offers a full range of online services to its customers, which is where online casinos come in. Many now accept deposits from customers banking with this institution, although it is unlikely many of these are based within the United Kingdom.

Recent years have seen a large amount of turbulence in the bank’s capitalisation and corporate relationships. In September 2017, it bought back just under $500 million of its own Eurobonds in order to reduce its debt servicing costs. This move coincided with B & N Bank, one of Promsvyazbank’s rivals, applying for a central buyout. Promsvyazbank denied that the moves were linked, and stated that it did not see B & N’s situation as having any impact on its own services.

In a further move, in October 2017, the proposed merger between Promsvyazbank and Bank Vozrozhdenie was postponed. Efforts to integrate the IT and administrative systems between the banks are however, planned to continue.