OREANDA-NEWS. The latest round of restrictive measures declared by the European Union in respect of a number of banks will not breach financial stability and secure business of Gazprombank.

The EU restrictive measures are substantially similar to those previously imposed by the United States and provide only restrictions on the access by EU investors to the new long-term (over 90 days) transferable securities and money market instruments of the Bank issued after 1 August 2014.

Gazprombank will continue to fulfill its obligations to clients, investors, depositors and lenders in full and on time. Gazprombank's branches and offices are operating in due course providing comprehensive services for both individuals and legal entities. Settlements of Rouble and foreign currency accounts including those processed via payment cards of international payment systems are being processed without delay.

The liquidity position of Gazprombank is comfortable and well manageable, assets and liabilities are balanced.

At the same time Gazprombank welcomes the statement by the Bank of Russia and other public authorities regarding their willingness to respond appropriately to support the organizations specified in the sanction lists in case of need in order to protect the interests of their clients, depositors and lenders.