 In November 2014 RCB Bank was categorized as significant EU bank under direct supervision of the ECB through the SSM.Since 2016, RCB Bank has been a partner of the EIB and the EIF in financing investment projects implemented with the EU funds in Cyprus.In August 2017, Zimarin increased his ownership of RCB to 49.9% by acquiring a $100 million stake (19.85%) in the Russian Otkritie Financial Corporation Bank.