Joint-Stock Bank Almazergienbank, a regional bank in the Russian Far East, has signed an agreement with JCB International to issue and accept JCB cards in Yakutia.

Almazergienbank has already begun issuing and accepting JCB cards at its ATMs and POS terminals, starting June 2017. Currently, the bank is issuing JCB Standard and JCB Gold grade cards.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

The new cards, which are accepted worldwide, offer 1% cash back for any purchases made abroad as well as discounts at hotels, restaurants and shops through wide network of JCB partners.

Additionally, Almazergienbank will launch co-badged Mir-JCB cards, which are accepted as Mir card in Russia and as JCB card overseas.

Almazergienbank chairman of the board Lyudmila Nikolaeva said: “For Almazergienbank, cooperation with our Japanese partner is highly promising in terms of both commercial and international relations.

“We believe our cooperation will strengthen existing and create new mutually beneficial economic relations between our countries. We are pleased that Almazergienbank as a regional bank representing Yakutia was honoured to become one of the first bridges between Japan and Russia.”

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

JCB International (Eurasia) general director Takashi Suetsugu said: “We are seeing high potential in developing the cooperation with Almazergienbank since it is one of the leading banking organisations in the Far East of Russia, serving one third of the population of the Sakha republic.

“We are positive that implementation of JCB card acceptance in both POS and ATM network will support expansion and enhancement of banking services and will contribute to developing inbound tourism to the region.”