JOINT-STOCK COMPANY SOLID BANK

Solid Bank is a russian universal bank that participates in providing financial support to servicemembers of the russian armed forces and in government procurement. The bank participates in the military mortgage program, providing loans to russian servicemembers for the purchase of housing, and publicly expresses its support for servicemembers of the russian armed forces in its official communications. In addition, the institution provides bank guarantees to secure government and commercial contracts, including procurement contracts under russian Federal law № 44-FZ, thereby providing financial support for the fulfillment of government orders.
The bank is also involved in developing alternative channels for the russian federation’s international financial transactions through Asian jurisdictions. In June 2026, British sanctions were imposed on the Lao Joint Development Bank (JDB) in connection with the provision of financial services to Solid Bank, indicating that the bank uses the financial infrastructure of a third country to conduct operations in the external financial environment. The bank is also expanding its operations in Chinese yuan, specifically offering clients deposit products in CNY, which broadens the possibilities for using currency instruments other than the russian ruble.