Moscow Narodny Opens Branch For Treasury Trading In Moscow
BANKS
Moscow Narodny Bank (MNB) opened a wholly owned treasury subsidiary, Mosnarbank, in Moscow to build on its Russian customer base and broaden the bank's European profile, says Ken De La Salle, group treasurer at MNB in London.
De La Salle says MNB is the first British bank to be authorized by both the Central Bank of Russia (CBR) and the Bank of England (BoE) to undertake banking operations in Russia. Mosnarbank's treasury operation officially started trading last week, he adds.
The bank has hired
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