Asian Pacific Bank (Moscow, Russia) Asian Pacific Bank (APB) is a Russian bank that has been involved in significant transactions and changes in recent years. Here are some key points about the bank: - Ownership Change: In October 2021, Pioneer Capital Invest LLP (PCI) acquired 100% of Asia-Pacific Bank's shares from the Bank of Russia for 14 billion rubles. This marked a significant deal in the Russian banking market, as it was the first time a foreign company had bought a Russian credit institution in several years[1]. - Operational Presence: APB has strong positions in the eastern regions and Siberia, with head offices in Moscow and Blagoveshchensk. The bank's acquisition by PCI was seen as a strategic move to expand financial operations in Russia's promising market[1]. - Financial Performance: Before its acquisition, APB showed steady profits, with a net profit of 2 billion rubles for the first three quarters of 2021. The bank's financial health was a factor in its successful sale[1]. - Merger Plans: PCI plans to merge APB with another bank it owns, Kvant Mobile Bank, while preserving the APB brand name. This merger aims to create a powerful financial institution in Russia[1]. - Regulatory Environment: Banking in Russia is heavily regulated, with banks needing to comply with numerous Bank of Russia instructions and regulations[2]. - SWIFT Code: The SWIFT code for Asian Pacific Bank is ASANRU8X XXX, with its main office located at Amurskaya Street 225, Blagoveshchensk, Russia[5].