Spitamen Bank’s Message to Its Clients and Partners

Dear Clients and Partners,

The events of recent years, along with comprehensive measures taken in response to political, economic, and other circumstances, continue to affect the stable functioning of financial institutions in the global market.

Financial organizations in our region, being an integral part of the international financial system, are also experiencing the impact of these developments. The recent introduction of restrictions on a number of financial institutions in other countries has affected our region and unexpectedly involved certain banks in our country.

In order to ensure the timely fulfillment of our obligations to clients, we promptly adopted a strategy aimed at minimizing potential consequences and risks, while also initiating a constructive dialogue with the regulatory authorities of our country and the European Union. The Bank’s management is taking all necessary measures to achieve a prompt resolution of the current situation.

We are confident that this situation is temporary and results from a misunderstanding. Spitamen Bank has always conducted its operations in full accordance with international best practices, maintaining the highest standards of corporate ethics, transparency, compliance, and social responsibility. These principles remain our unwavering foundation.

The interests of our clients and the quality of our services remain our top priority. The Bank continues to operate steadily, providing a full range of services while maintaining financial stability and reliability.

Spitamen Bank’s corporate culture is firmly based on high ethical standards and is consistently guided by the interests of our clients and partners. We ensure efficient and sustainable operations, fulfill all our commitments, and contribute to the growth and development of our clients.

We sincerely appreciate your trust and continued support over the years, especially during this transitional period. We are confident that these temporary challenges will be resolved in the near future.

Spitamen Bank continues to fully meet all its obligations and will keep you informed of all important developments.

Sincerely,
Management Board
Spitamen Bank CJSC