Board of Directors of Moscow Credit Bank has recommended shareholders not to pay dividends for 2021, Interfax writes with reference to materials for the meeting. According to the bank's dividend policy, which was adopted by shareholders at the beginning of 2021, dividends should have been at least 25% of IFRS net profit, starting with payments for 2021. The...

Moscow Credit Bank's IFRS net income for 2021 was ₽26.199 billion, down 12.7% from ₽30.009 billion in the previous year. Net interest income rose 34.3% to ₽79.589 billion from ₽59.248 billion a year earlier.

Moscow Credit Bank received a general license from the Ministry of Industry and Trade of the Russian Federation to export gold bullion. The license is valid until April 25, 2023. Previously, MKB obtained a license from the Central Bank of the Russian Federation to attract and place deposits of precious metals, as well as to conduct other operations with prec...

MKB completed the merger of its subsidiary bank Koltso Urala. The bank's account details will change after the merger, but customers will be able to receive credits under the old details until April 1, 2022.