Exit Completed: company sold its business/assets or its part of the business to a local partner and leaved the market or liquidated local entity(ies)
Exited Exit Completed
The American Express Company (Amex) is an American multinational corporation specialized in payment card services and is one of the 30 components of the Dow Jones Industrial Average.
Exit Completed: company sold its business/assets or its part of the business to a local partner and leaved the market or liquidated local entity(ies)
Exited Exit CompletedGlobal 500, is an annual ranking of the top 500 corporations worldwide
Global 500In Russia, they decided to liquidate the "daughter" of American Express. Interfax reports on the decision of American Express Bank to apply for closure of a credit institution, with reference to the data of the Unified State Register of Legal Entities.
Stops business operations. Cards issued in Russia and Belarus are not serviced abroad. Cards issued abroad are not serviced in Russia and Belarus. Cards continue to work inside the countries. Russian President Vladimir Putin allowed American Express Bank to carry out voluntary liquidation measures in the manner prescribed by the legislation of the Russian Federation. The corresponding order was published on the portal of regulatory legal acts. American Express Bank LLC has a basic license to carry out banking operations with funds in rubles and foreign currencies (without the right to attract deposits of funds from individuals and carry out collection of funds, bills, payment and settlement documents and cash services for individuals and legal entities). The Bank of Russia, by order No. OD-1290 dated 13.08.2024, revoked the banking license of American Express Bank Limited Liability Company American Express Bank LLC (reg. No. 3460, Moscow). In terms of assets, the credit institution ranked 300th in the banking system of the Russian Federation.