Customers should be informed about the upcoming union between RNKB and VTB: crucial details they should be aware of.
Smooth Sailing Ahead for RNKB Clients as they Merge with VTB
in a planned union! Scheduled to be finalized by the end of 2025, this integration is a significant step forward for VTB's expansion strategy, aiming to cater to a broader audience of 100 million people while enhancing financial accessibility [Enrichment Data]. The merger is set to bring over 2 million RNKB clients into the VTB fold, giving the latter a boost in its branch network, particularly in Crimea and Kuban [Enrichment Data].
Excited about the development, Sergei Kadakin, the managing director of VTB in the Krasnodar region and vice-president of the bank, assured clients of RNKB that they'd retain all familiar perks, along with newly opened doors for more convenient financial solutions [Base Article].
What's in Store for RNKB Cards?
Curious RNKB clients wonder about the fate of their debit and credit cards. VTB clarified that debit cards will remain functional until their expiration dates, with only the account details shifting during the transition. These alterations can be monitored through the VTB Online app or double-checked with bank employees [Base Article]. Credit cards will maintain the same conditions - balance, interest rate, repayment period - throughout the transition, with virtual cards seeing similar treatment, provided the account details change [Base Article].
Don't Worry, Payroll and Pensions are Safe
Many Kuban residents hold RNKB salary and pension cards. The good news is that there's no need for unnecessary stress: the bank will transfer the new account details to the appropriate HR departments in case of salary disbursements based on projects. For clients with salary credits based on requests, it's vital to share the updated account details with their HR departments. Pension and social payments will continue to flow smoothly into the cards on their usual dates, as the bank will automatically forward the updated account details to the Social Fund of Russia and organizations responsible for implementing social support measures [Base Article].
Loans and Deposits Remain as They Are
Existing loans and deposits at RNKB will transition to VTB without much fuss, preserving interest rates, deposit interest payment dates, and loan repayment dates [Enrichment Data]. If you're a homeowner with a mortgage at RNKB, you can rest easy, knowing that the conditions under which the loan was opened will remain unchanged [Base Article]. Upon the maturity of deposits, all funds will be transferred to the new VTB account [Base Article]. Once a deposit matures, VTB will offer to open a deposit under its existing conditions. Intriguingly, if you have products with both banks, they'll function as separate entities post-merger [Base Article].
Security remains Priority
VTB and RNKB ensure the utmost security of your data and will never ask for passwords, codes from notifications, or card data. All official communications will be confined to their websites and apps. If you receive unsolicited calls claiming to be from bank support, avoid sharing sensitive information and contact the bank independently [Base Article]. Be cautious, as scammers often mimic bank numbers. It's essential to ensure that the bank has your current personal data. In case of any discrepancies, update your information through the RNKB application using the Gosuslugi portal. Because of security concerns, only trusted phone numbers can be changed in person at the bank branch - ensuring a match between your RNKB and VTB trusted phone numbers [Base Article].
RNKB Application Continues To Function
Till the end of 2025, the RNKB app will remain active. After the integration is complete, you can manage all existing products through VTB Online. As soon as your cards, accounts, deposits, and loans are transferred to VTB, you'll receive a notification [Base Article].
A History of Successful Transitions
In recent years, the Russian banking sector has seen several large-scale integration projects, such as VTB and Otkritie Bank's merger in 2024, T-Bank's absorption of Rosbank since January 2025, and Sovcombank's takeover of Home Credit Bank in 2024. These transitions have demonstrated their effectiveness and brought benefits to both clients and financial institutions [Enrichment Data].
So, hang tight RNKB customers, a smoother financial journey lies ahead with VTB!
With the merger, RNKB clients can anticipate a wider range of financial services as VTB, with its extensive presence in the industry, will bring new opportunities and solutions to cater to their needs. As a result, VTB is set to strengthen its position in the banking-and-insurance sector with the addition of RNKB's 2 million clients, particularly enhancing its reach in Crimea and Kuban.
