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Credit Bank of Moscow signs virtual pooling agreement with UMC

Credit Bank of Moscow has signed a virtual pooling agreement with United Metallurgical Company, the bank informed.

Virtual pooling makes it possible to pool the account balances of the pool members (different legal entities, a holding company or a company with branches) to earn interest on the balances without physically moving cash. The final interest rate depends on the total account balance and applies to all pool members.

Credit Bank of Moscow (PJSC) is a universal financial institution providing the whole range of banking services to corporate and private customers, as well as financial and lending institutions. The bank is included in the list of systemically important credit institutions approved by the Central Bank of Russia.

JSC United Metallurgical Company (OMK, tax number: 7736030085) is one of the largest domestic producers of pipes, railway wheels and other metal products for power, transport and industrial enterprises. OMK unites four large metallurgical enterprises: Vyksa Steel Works (Nizhny Novgorod region), Almetyevsk Pipe Plant (Republic of Tatarstan), Trubodetal (Chelyabinsk region) and the casting and rolling complex (OMK-STEEL, Nizhny Novgorod region).

"AK&M", 21.08.2019 13:41


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