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Montenegro's Atlas Banka operations unaffected by Russian unit's delicensing - c-bank

Montenegro's Atlas Banka operations unaffected by Russian unit's delicensing - c-bank

PODGORICA (Montenegro), May 6 (SeeNews) –  The operations of Montenegro’s Atlas Banka will not be affected by the revocation of the licence of its Moscow-based unit, Montenegro’s central bank said on Tuesday.

Moscow-registered Atlas Bank operates as an independent entity under the jurisdiction of the Russian supervisory and regulatory authorities, Montenegro's central bank said in a statement.

Russia's central bank revoked the licence of Atlas Banka’s Russian unit over suspicious transactions related to the transfer of some $251 million (181 million euro) abroad, Russian news agency Itar-Tass reported on Monday.

($=0.7178 euro)

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