JOINT-STOCK COMPANY ASIAN-PACIFIC BANK

Asian-Pacific Bank (ATB Bank) is a federal-level banking institution that participates in the implementation of russian federation government programs and in supporting the financial infrastructure of the aggressor state. The bank participates in the implementation of the state program "Far East and Arctic Mortgage," state program, which provides preferential mortgage loans, in particular to employees of enterprises in the russian defense-industrial complex, as well as to participants in the war against Ukraine and their family members. In addition, the institution provides financial support for the fulfillment of government orders by granting loans to legal entities for the performance of government contracts and issuing bank guarantees for procurements in accordance with russian Federal law № 44-FZ.
The bank supports the operation of the russian federation’s international payment channels amid sanctions restrictions; in particular, it conducts cross-border settlements between the russian federation and the People’s Republic of China in Chinese yuan using the Chinese interbank payment system CIPS. The institution also issues UnionPay payment cards in rubles and yuan, enabling payments outside the russian federation. In 2026, the bank acquired specialized software for the implementation of the digital ruble, demonstrating its involvement in the development of an alternative domestic payment infrastructure in the russian federation.
Asian-Pacific Bank also uses the financial infrastructure of third countries to conduct transactions; in particular, it holds foreign member status on the Kazakhstan Stock Exchange (KASE) and has direct access to its infrastructure. The KASE clearing house uses a correspondent account at ATB Bank to conduct transactions in russian rubles. The bank maintains correspondent relations with Kazakhstan’s ForteBank, which enables it to conduct ruble transactions using the financial infrastructure of a third country.
In addition, the bank directly cooperates with OJSC Keremet Bank (Kyrgyz Republic), which the U.S. Department of the Treasury identified as a participant in a sanctions-evasion scheme carried out in coordination with russian officials and the sanctioned PJSC PSB Bank.
Asian-Pacific Bank also services accounts of Unha Daesong Trading Company, which is linked to the Foreign Trade Bank of the DPRK. The Foreign Trade Bank of the DPRK is subject to U.S. and UN sanctions for providing financial services that facilitate the activities of the Korea Mining Development Trading Corporation (KOMID) and other entities associated with the proliferation of ballistic missiles and conventional weapons.