29 April 2014, Tuesday, 16:33

USA sanctions affected Bashkir InvestCapitalBank

author: Elvira Latypova

Bashkir InvestCapitalBank is in the list of companies on which the United States of America imposed anti-Russian sanctions in connection with the events in Ukraine. Master Card Company has suspended access of the Bank to its services.

Earlier InvestCapitalBank already fell under U.S. sanctions. On March 21, MasterCard and Visa International Payment Systems refused to serve payment transactions of a number of Russian banks, including SMP Bank, which owns the processing of InvestCapitalBank. A few days later the bank cards were unlocked.

On April 29, due to the restrictions imposed InvestCapitalBank made an official statement to its customers in which it asks cardholders do not use their cards to pay for goods and services, and when traveling abroad to use cash or cards of other banks. In addition, the Bank encourages customers to refrain from currency transfers and payments in connection with the possibility of being locked.

"The bank carries out all rubles payments and settlements in a normal mode”, it is said in the statement. “Also, the bank has no plans to reduce its work in the lending sector, both to individuals  and legal bodies. The bank performs all its obligations to the full".

Bashkir bank cards are accepted at all ATMs and terminals of the InvestCapitalBank and SMP Bank and banks being part of united settlement system.