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Gazprombank

Gazprombank

Industry: 
Banking
Symbol: 
RTS: GZPR
Country: 
Russia
Contact Information: 
Sources: 

Gazprombank is a subsidiary of Russian gas producer and exporter giant, Gazprom. (Gazprombank website, "Bank's Shareholders")

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"The semi-official Iranian Mehr news agency said on Friday that importers in India -- Iran's second biggest oil customer after China -- were paying off oil debts through Gazprombank... 'There has been no word of this at all... No name has been mentioned, not Gazprom nor any other particular bank. These news reports are not valid,' said the ministry source... An Indian industry source said there had been talks about paying for Iranian oil via Gazprombank but no Indian companies had yet opened an account there and they were still paying through Halkbank." (Reuters, "Iran downplays report India paying for oil via Russia," 10/29/2011)