Central Bank approval not needed for Russian Bank’s Dublin move

20th January, 2019

A huge Russian bank that plans to shift some of its London-based business to Ireland is not required as yet to seek approval from the Central Bank.

As revealed by this newspaper earlier in January, VTB has merged Irish and British entities to allow it offer services to clients after Brexit. But it does not yet need Central Bank authorisation, in a move that will further throw the spotlight on Ireland’s shadow banking sector....

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month, €19.99 Monthly thereafter

Get basic

*New subscribers only

You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

2 Yearly

€315

€248

Unlimited Access for 2 Years

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Share this post

Related Stories

James O’Connor: Ireland could turn a higher rate of corporate tax into a win-win

Tax James O'Connor 6 hours ago

Michael Brennan: Acid test of Greens’ peace deal will be what happens in Dublin Bay South

Home Michael Brennan 1 day ago

Analysis: Will new EU law cause a chilling effect on future FDI into Ireland?

EU Graham Butler 1 day ago

Willie O’Reilly: Trump gets personal with a special message

Media Willie O'Reilly 2 days ago