Support The Moscow Times!

Investigators Search Finprombank

Investigators on Wednesday searched the offices of Finprombank, one of the country's top 150 lenders.

The search is part of ongoing criminal investigations into individuals with accounts at Finprombank and is not directed at the activity of the bank itself, Finprombank's lawyer, Alexander Kabanov, told ITAR-TASS.

It is unclear which investigations the search concerns.

The bank is continuing to work as normal, Kabanov said.

Founded in 1992, Finprombank is the country's 135th largest bank with 31.6 billion rubles ($886 million) in assets at the end of 2013, according to rating agency RIA rating.

Sign up for our free weekly newsletter

Our weekly newsletter contains a hand-picked selection of news, features, analysis and more from The Moscow Times. You will receive it in your mailbox every Friday. Never miss the latest news from Russia. Preview
Subscribers agree to the Privacy Policy

A Message from The Moscow Times:

Dear readers,

We are facing unprecedented challenges. Russia's Prosecutor General's Office has designated The Moscow Times as an "undesirable" organization, criminalizing our work and putting our staff at risk of prosecution. This follows our earlier unjust labeling as a "foreign agent."

These actions are direct attempts to silence independent journalism in Russia. The authorities claim our work "discredits the decisions of the Russian leadership." We see things differently: we strive to provide accurate, unbiased reporting on Russia.

We, the journalists of The Moscow Times, refuse to be silenced. But to continue our work, we need your help.

Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just $2. It's quick to set up, and every contribution makes a significant impact.

By supporting The Moscow Times, you're defending open, independent journalism in the face of repression. Thank you for standing with us.

Once
Monthly
Annual
Continue
paiment methods
Not ready to support today?
Remind me later.

Read more