Gazprombank maintains stable operations despite EU, U.S. sanctions - statement
MOSCOW. Sept 12 (Interfax) - Expanded EU and U.S. sanctions against Russian companies and banks are not affecting operations or the financial standing of Gazprombank , the bank said in a press release on Friday.
The new sanctions prohibit EU and U.S. banks from providing sanctioned entities financing with maturities over 30 days, instead of 90 days under the previous sanctions.
Gazprombank "is fulfilling its obligations to clients, investors, depositors and lenders in full and on time. Gazprombank's branches and offices are operating as before and provide usual services to both individuals and corporate clients. Ruble and foreign currency settlements, including those processed via payment cards of international payment systems, are being processed duly and on time," the press release says.
Gazprombank was Russia's third largest bank by assets, according to the Interfax-100 ranking at the end of H1 2014.