OREANDA-NEWS. PrivatMoney, money transfer system of Ukrainian PrivatBank, has joined the list of the largest operators that have no limits for operating on the Russian market. As reported by the Central Bank of the Russian Federation, Russian subsidiary bank of PrivatBank Group was registered as clearing centre and PrivatMoney payment system operator at the end of 2012. Thus, the Bank is the 13th in the payment system operators' register among the international and Russian market leaders.

"Today, PrivatMoney is one of the most popular money transfer system at the Russian market due to its affordable tariffs and innovative services. Nowadays, transferring money all over Russia, to Ukraine and other CIS countries is available almost everywhere - via self-service terminals, Internet or your mobile phone", - says Dmitry Barbayanov, Head of PrivatBank Migrants Service and Individual Lending. - "Hence, customers shouldn’t know bank timetable to send money, because the service is available at any appropriate time 24/7!"

It should be reminded that from the beginning of 2013 the Law "On national payment system” requires payment systems to register in the Central Bank to operate in Russia. This Law lays down legal and organizational foundation of national payment system operating, controls the procedure of payment servicing and specifies organizational and operational payment systems requirements.

The International banking group PrivatBank serves over 22 million corporate clients and individuals in 12 countries including Russia, Georgia, Latvia, Italy, Portugal, China, Great Britain, Cyprus, Germany, Spain and Kazakhstan. According to RIA.Rating ranking, in 2012 PrivatBank joined the TOP-10 banks of the CIS; and occupies the 9th line in the TOP-10 largest banks in Central and Eastern Europe within the TOP-1000 world leading banks ranking. In the Russian Federation PrivatBank serves clients via its subsidiary bank CJSC Moscomprivatbank (general license of the Central Bank of the Russian Federation № 2827 dated April 23rd, 2012). According to RBC.Rating the bank is in the TOP-100 Russian banks. As for October 1st, 2012 the bank’s assets amounted to RUR44.16 billion (89th place in Russia), deposit portfolio - RUR33.62 billion (44th place in Russia).