±JOIN OUR NEWSLETTER

Get useful expat articles, health and financial news, social media recommendations and more in your inbox each month - free!



We respect your privacy - we don't spam and you can unsubscribe at any time.

±Compare Expat Providers

Expat Health Insurance Quotes

Foreign Currency Exchange Quotes

International Moving Quotes

We're very social! Follow Expat Focus on Facebook, Twitter, Pinterest and Google+

Expat Focus Facebook PageExpat Focus on TwitterExpat Focus Pinterest PageExpat Focus Google+ Page

Notify me when new content is added about a country

±Expat Focus Partners

Banking

Russia - Banking

Page: 1/2

Russia does not currently have an efficient banking system. The financial sector suffered heavily as a result of the 1998 financial crisis, when numerous depositors lost their savings, and many banks did not survive. A number of the major banks have allegedly been involved in money laundering scandals, further reducing confidence in the banking sector.

Although the sector is now experiencing strong growth, it still remains relatively small, disjointed and poor regulated. There are a very large number of banks throughout the country, but a low level of assets in the sector. It is commonplace for people to have local salaries paid in cash, and not to use the services of banks.

There are a number of foreign banks with branches in Moscow and St Petersburg and most foreign business and employees use these for their local banking needs. However, there are very few foreign banks outside these two cities. Expatriate workers are likely to be asked to provide a copy of their employment contract when opening an account.

There are ATM facilities throughout the towns and cities, and a number of banks are now offering internet banking.

Banking hours are normally from 9.30 a.m. to 5.30 p.m. Mondays to Fridays.


Read more about this country



Expat Health Insurance Partners


Aetna

Our award-winning expatriate business provides health benefits to more than 650,000 members worldwide. In addition, we have helped develop world-class health systems for governments, corporations and providers around the world. We want to be the global leader in delivering world-class health solutions, making quality health care more accessible and empowering people to live healthier lives.

Bupa Global

At Bupa we have been helping individuals and families live longer, healthier, happier lives for over 60 years. We are trusted by expats in 190 different countries and have links with healthcare organisations throughout the world. So whether you're moving abroad for a change of career or a change of scene, with our international private health insurance you will always be in safe hands.

Cigna

Cigna has worked in international health insurance for more than 30 years. Today, Cigna has over 71 million customer relationships around the world. Looking after them is an international workforce of 31,000 people, plus a network of over 1 million hospitals, physicians, clinics and health and wellness specialists worldwide, meaning you have easy access to treatment.



Next Page (2/2) Next Page