Media reported the decision of Deutsche Bank to accelerate the break with the structure of VTB – RBC

The headquarters of Deutsche Bank AG

Photo: AP

The publication of” Panamanian documents “about the offshore speed up the process of termination of the relationship between Deutsche Bank and the Cyprus RCB Bank, Bloomberg writes. The RCB Bank, which is co-owned VTB Group, the connection between the two events is rejected

The German Deutsche Bank AG intends to accelerate the break with the Cypriot bank RCB Bank, which is co-owned by VTB Group, after the publication of “Panamanian documents” in which featured this credit organization, Bloomberg reported, citing a source familiar with the situation.

at the same time he RCB Bank rejected the connection between the scandal associated with the publication of “Panamanian documents”, and the decision of Deutsche Bank stop contacts. «RCB Bank Ltd has categorically denied any link between the case related to” Panamanian documents “, and the decision of Deutsche Bank to abandon clearing operations in some regions. We were informed about the decision of Deutsche Bank long before the “Panamanian documents.” More specifically, we were informed about this decision, which, as we know, is part of the change in the strategy of Deutsche Bank dated 21 March 2016 “, – quotes RIA Novosti news agency the statement of the bank representative

Bloomberg also clarifies. that the notification from the Deutche Bank were received in the RCB Bank on March 21, at the same time during the transition period of correspondent relations between the organizations will be saved. Publication of data Panamanian law firm Mossack Fonseca, says the agency, made the German bank to accelerate this process.

«It should be noted that our cooperation with Deutsche Bank will continue during the transition period. Our collaboration over the years have been successful and can be characterized only by the high level of professionalism. We respect the decision of Deutsche Bank and thank them for their cooperation “, – said the representative of RCB Bank

The bank had previously rejected an investigation published in the media data offshore.. “Regardless of any statements about persons or companies mentioned in the investigation, RCB Bank Ltd never provided and does not provide unsecured loans. Furthermore, when granting loans, the bank carries out all the necessary procedures and, in particular, has a full understanding of the purpose of the planned transaction, “- said in a statement the bank, sent to RBC

RCB Bank particularly specified that mentioned in. investigation cellist Sergei Roldugin, in friendship with whom admitted to President Vladimir Putin, who has never been a customer of the bank, either as an individual or as a beneficiary of any company.

Roldugin appeared in the International consortium of investigative journalism materials (ICIJ ) and the Centre for the study of corruption and organized crime (OCCRP), which on April 3 issued an investigation of an international network of offshore companies. It was based on documents Panamanian law firm Mossack Fonseca.

As reported in “Novaya Gazeta”, according to documents, was the owner of Roldugin Sonnette Overseas from the British Virgin Islands and the International Media Overseas (IMO) from Panama. According to the newspaper, each of these offshore companies had their own role. Some free software “received hundreds of millions of dollars” from the Cypriot RCB Bank, a significant share of which belongs to the state-owned bank VTB, and then distributes these funds to other companies for various needs. Other offshore companies used to control large stakes in Russian companies. Others played the role of technology companies that were run by money or written off bad debts, according to the publication.