OREANDA-NEWS. July 09, 2010. Cardholders of China UnionPay have an opportunity to withdraw cash and to view the balance, reported the press-centre of Alef-Bank.

This service has become possible due to the new project of the Joint settlement system ORS (Alef-Bank is the member of ORS) and the processing company UCS, which have signed an agreement with the China UnionPay system.

Joint Stock Commercial Bank ALEF-BANK (CJSC JSCB Alef-Bank) was established in March 1992.  In October of the same year, after a license for operations in Rubles was obtained, the Bank started its activities on the financial market. Starting from the beginning of 1998, the Bank has been a licensed professional participant of the securities market. In 2000 a general license for carrying out banking operations was obtained.

Joining the VISA INTERNATIONAL payment system allowed the Bank to issue its first bank card in May 2002. ALEF-BANK can offer its customers a wide range of services, including opening and operating accounts and other services. In March 2005 the Central Bank's Banking Supervision Committeemade a positive conclusion on CJSC JSCB Alef-Bank’s joining the Deposit Insurance System.