Galicia Bank Closes Accounts of Russians, Ukrainians, Belarusians
Argentine bank Galicia began blocking accounts of Russian citizens. Argentine bank Galicia is blocking accounts of Russian clients.
Consensus
- Galicia Bank began closing accounts of Russian, Ukrainian, and BelarusIAN nationals without prior notice.
- The closures affected individuals who had obtained Argentine citizenship.
- Clients reported that their accounts no longer appeared in the bank's app.
- Clients were unable to open new accounts.
- The bank cited 'commercial decisions' as the reason for closures.
- Clients were allowed to withdraw funds only in bank branches.
- Some clients reported that withdrawals were not possible in all branches.
- A group of affected individuals is preparing a collective lawsuit.
- The issue has also been reported by Argentine citizens.
- The bank has not issued an official statement on the matter.
Points of divergence
- The number of affected individuals is around 500, according to the Telegram channel 'Ostорожно, novosti'. — vedomosti
- The closures began on October 28, and the bank also closed accounts of Ukrainian and Belarusian nationals. — tvrain
- The number of people preparing a collective lawsuit is nearly 500, according to 'Ostорожно, novosti', while 'Meduza' reports over 400 in the Telegram chat. — novaya_eu
- The account closures appear to be random and not all clients from Russia, Ukraine, or Belarus are affected. — meduza
- The bank's owner is entrepreneur Davor Matuša, described as close to Serbia's Progressive Party and former president Aleksandar Vučić. — tvrain
- The Serbian bank Alta had its license revoked due to financial deterioration and risk to depositors. — tvrain
- Clients speculate that the closures may be linked to a merger between Galicia and HSBC's Argentine subsidiary, though this is unconfirmed. — novaya_eu
- Clients believe the closures may be related to a potential merger with HSBC's Argentine unit. — meduza
- The bank did not provide any comments and refused to allow account re-opening. — vedomosti
- The bank is closing both personal, salary, and corporate accounts. — tvrain
Coverage (13 sources)
- One of Argentina's largest banks began blocking Russian accounts — The Moscow Times
- Argentine bank Galicia began blocking accounts of Russian citizens — Радио Свобода
- People from Russia, Ukraine and Belarus lost access to savings in Argentine Galicia. ASTRA spoke with one of... — ASTRA
- Argentine bank Galicia unilaterally closed accounts of part of Russians — Вечерняя Москва
- Argentine bank Galicia closed accounts of part of Russians at once, told TASS several people who were affected... — ТАСС (Telegram)
- Argentine bank Galicia began closing accounts of Russians, Belarusians, and Ukrainians — Коммерсантъ
- Argentine bank Galicia began mass closing accounts of Russian and Belarusian citizens — Ведомости
- In Serbia, license withdrawn from popular among Russian emigrants bank Alta; in Argentina, bank Galicia begins closing Russian accounts — Дождь
- Argentine bank Galicia started blocking Russian accounts — РИАМО
- In Argentina, bank Galicia began closing accounts for Russians, Ukrainians, and Belarusians — Новая газета Европа
- Argentine bank Galicia started blocking accounts for Russians, Ukrainians and Belarusians — ЭХО / Новости
- At Russians who moved to Argentina, accounts at bank Galicia began being blocked — Вести
- In Argentina, bank Galicia customers complained about account freezes. They claim restrictions affected people linked to Russia, Ukraine and Belarus — Meduza