Hope for clients: what SMP Bank offers

SMP Bank claims that its activities contribute to the development of the domestic economy and strives to become a reliable partner for its customers. However, assessments of investment effectiveness raise certain complaints. In particular, future depositors complain about the inability to obtain domestic deposits of funds. The manner in which you get to know this company allows us to see how our view aligns with their dissatisfaction.

SMP Bank: a reality through Whois

As for SMP Bank, it has been in operation since 2001, with representations in 19 regions of our country. Well-known personalities in entrepreneurial circles, such as Arkady and Boris Rotenberg, are among the major shareholders. A direct analysis of the company’s website through Whois revealed that the claim about the company’s historical experience is not false—the domain was registered in 2002.

What are the company’s specifics?

SMP Bank (JSC Bank Northern Sea Route) has official registration in the Russian Federation. A license from the Central Bank of Russia is also at its disposal. Contrary to investors’ opinions, this does not prevent the bank from engaging in deceitful actions against people. Extracting money from here is impossible.

Fifteen and other companies under JSC SMP Bank, such as Mosoblbank, LLC SMP-Insurance, contribute to its reputation. A review revealed several important details. Firstly, SMP Bank is on the verge of being auctioned off. The organization has undergone a financial check and assessment. Secondly, the financial institution has been on the list of sanctioned organizations since 2014. This year, the situation in Ukraine definitively undermined its positions, shielding investor funds. The flow of negative investor reviews is increasing by the day.

Thirdly, one internal source asserts that SMP Bank is closely linked to Optima. This criminal organization has received a lot of negative feedback for its actions in the realm of telephone fraud. Below is a snapshot containing more detailed information.

Like its predecessors, SMP Bank actively recruits individuals to assist in deceiving others. The list of vacancies is constantly growing due to high employee turnover.

What is ready for clients?

SMP Bank collaborates with businesses, banks, corporations, and private clients, offering a wide range of services:

deposits;
mortgages;
card-to-card transfers;
currency exchange;
legal services;
safety deposit boxes, and much more.

Regarding investments, several types of deposits are offered, characterized by the following features:

profitability – from 6.96% to 11%;
entry threshold – from 1 ruble;
deposit term – from 4 to 12 months;
possibility of opening a savings account or deposit both offline and online.

Customer Reviews

SMP Bank has disappointed many and has been the subject of numerous negative reviews. They are found on various independent forums. Deceived customers do not know how to proceed correctly.

Types of Fraud

Customers complain that for many months SMP Bank has been making false promises and not paying out money. People are in despair, realizing that the organization will soon go bankrupt.

In addition, fraudsters from SMP Bank call clients themselves and offer legal assistance. They take money and disappear. After that, it is difficult to establish contact with them.

Final Word

SMP Bank claims to strive to become a useful and interested partner for clients. However, all these words turn out to be empty. In reality, the banking structure is on the verge of collapse, failing to pay interest on deposits and refusing to return deposits. Scammers easily deceive potential victims, and the Central Bank of Russia strangely ignores these facts. Share your critical thoughts on why one bank has turned from a dream into a nightmare for its clients. Your opinion may be very important to other people!