Bank of Russia makes decision on state registration of new non-bank credit institution SNBCI UCS LLC

The Bank of Russia made a decision to officially register the Moscow-based settlement non-bank credit institution UCS Limited Liability Company (hereinafter, ‘SNBCI UCS LLC’) and license it to make bank transactions in rubles and foreign currencies for settlement non-bank credit institutions. The Bank of Russia will issue the banking licence after SNBCI UCS LLC authorised capital is paid.

On 12 November 2021, the Russian Federal Tax Service Directorate for the city of Moscow made an entry on the state registration of the above non-bank credit institution in the Unified State Register of Legal Entities (primary state registration number 1217700542344).

SNBCI UCS LLC has been established by UCS JCS, a processing company and a payment technology solutions provider.

SNBCI UCS LLC will focus on trade acquiring and Ecommerce services for merchants.

Nowadays, there are 35 non-bank credit institutions including 24 settlement ones operating based on the licences of the above type issued by the Bank of Russia.

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15.11.2021 14.05.00