German Deutsche Bank has terminated relations with a number of Russian banks that had correspondent accounts in euros opened with it. This is reported by RBC with reference to sources.

Deutsche Bank in mid-March 2022 sent Russian banks a notice of closure of accounts on April 8, in fact, the accounts worked until April 7 inclusive and were closed on April 20, said one of the interlocutors of RBC. He added that the decision affected many large credit organizations.

A second source confirmed that Deutsche Bank closed accounts to non-sanctioned banks back in March.

“Now Deutsche Bank has a few correspondent accounts left in small Russian banks that do not attract attention and have few transactions,” he said, adding that if the number of transactions at a bank grows, Deutsche Bank closes the account.