MarketRussian National Commercial Bank
Company Profile

Russian National Commercial Bank

Russian National Commercial Bank was a bank that operated primarily in Crimea. In June 2025, the RNCB was announced to have merged into the VTB bank. The process of merging RNCB with VTB began in June 2024, and from June 12, 2025, VTB bank serviced the former RNCB clients.

Sanctions
Because of Russian interference in Ukraine and its annexation of Crimea, the Russian National Commercial Bank is under sanctions by the European Union since July 30, 2014, Liechtenstein since July 31, 2014, Canada since August 6, 2014, Switzerland since August 27, 2014, Australia since September 2, 2014, and the United States since March 11, 2015. It was also sanctioned by New Zealand in 2023. == Operations ==
Operations
The bank has issued over a million Mir payment cards as of April 2017. Major companies such as Visa and MasterCard are barred from issuing cards to banks with a presence in Crimea. According to Vedomosti, in August 2017 the software company Finastra refused to sell its SWIFT interface to the bank, effectively cutting it off from SWIFT. RNKB is based in Simferopol and owned by the Federal Agency for State Property Management. The bank was assigned an A rating by the Russian ACRA rating agency. ==References==
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