OREANDA-NEWS. July 10, 2014. The Bank of Russia has put Sviaz-Bank on its listof banks that may manage, and accept on deposit, savings made by pensioners and funds saved by armed forces servicemen for purchasing housing.

The list published in the press comprises 35 Russian banks that meet the regulator’s requirements and the rules of the laws “Investment of Funds to Finance the Cumulative Part of Work Pensions in the Russian Federation” and “The Cumulative Mortgage Security System for Servicemen.”

The Bank of Russia requires eligible banks to meet several criteria, including operation on the market for at least five years, equity capital of at least 5 billion rubles, and at least a BB- rating from the Fitch Ratings and S&P, or at least Ba3 rating from the Moody’s Rating Agency.

Sviaz-Bank meets all requirements made by the Bank of Russia.