2, was issued by the State Bank of USSR on August 26, 1988.

The Bank generally functions on the financial market as a universal credit institution.

In August 1988, under late economic liberalisation the USSR begun the period when state banks of industry-specific branches were transformed into commercial banks.

License No.1 was given one day before to the Union Bank in Kazakhstan that eventually went bankrupt.

[citation needed] Investment financing of companies in the real sector of economy is a core business area for Viking Bank.