First Processing Bank has changed its corporate name and is now QIWI Bank, the lending institution said in a press release Friday.
As the bank noted in the press release, its renaming was driven by the strategy geared towards streamlining operations carried out by holding QIWI and uniting under the single brand all the companies that make up the holding. The first stage of this strategy was executed in March 2010 when Lichny Kabinet was renamed in QIWI Wallet. The next step was to rename Direct Contact in QIWI Advertising, which was carried out in July 2010. Finally, in October 2010 the holding announced that holding OE Investments changed its name to QIWI.
QIWI Bank provides settlement services to payment systems and implements innovative projects, such as QIWI Visa Virtual, QIWI Visa Card, renders services to deposit funds on bank accounts and repay credits through payment service QIWI, etc.
The lending institution’s licenses to conduct banking operations with funds in rubles and foreign currencies and to attract private deposits in rubles and foreign currencies were renewed on February 22, 2011, as specified in the lender’s section on CBR’s web site.
Based on Banki.ru data, as of February 1, 2011 QIWI Bank’s net assets stood at Rub 2.62 bln (464th in Russia), capital (calculated in line with CBR requirements) totaled Rub 330 mln, the credit portfolio amounted to Rub 70 mln and obligations to households equaled Rub 300 mln.
