Absolut Bank no longer NAUFOR member

The Russian National Association of Securities Market Participants (NAUFOR) reports sixteen companies have been excluded from its membership.

Following the applications to this extent, placed by the companies themselves, North-Western Management Company based in Saint Petersburg, Con-Trust based in Kurgan, Moscow’s Absolut Bank, Moscow-based Deutsche Security, Intellect-Capital Financial Company of Kemerovo, Starfin based in Moscow, and First Czech-Russian bank based in Moscow are now no longer NAUFOR members.

Chelyabinsk-based Milcom-Invest has been excluded for not paying its membership fees.

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