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Project Financing Bank Experiences Interruptions Of Paying Out Funds
29.11.2013 23:09
Project Financing Bank Experiences Interruptions Of Paying Out Funds

Project Financing Bank (PFB), one of the two hundred largest banks in terms of assets, is experiencing interruptions of paying out funds to the customers and temporarily stopped card transactions. Bank employee explained that payment interruptions were caused by encashment issues.

      Representative of the credit organization explained him that there were no funds received by any PFB Moscow office, that the bank has got technical problems and translations are not carried out since Monday. PFB started experiencing temporary problems with plastic card services after the Master-Bank, which used to provide processing services for 260 banks, had its license revoked on November 20, PFB website says.

      Project Financing Bank (PFB) is a private Moscow-based bank focused on lending and serving corporate customers, retail deposits, and also currency operations and deals on the debt securities market. The bank was established in 1992 in Moscow as Bank Voskhod (a closed joint stock company). Under its current corporate name (Project Financing Bank, a closed joint stock company) the bank has operated since 2001. Since its establishment PFB has focused on corporate customers, but starting 2009 the bank has been rolling out retail business as well.


Author: Anna Dorozhkina

Tags: Project Financing Bank     

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