Russian cbank revokes license of Russtroybank from top-150

MOSCOW, Dec 18 (PRIME) -- Russia’s central bank has revoked a banking license from Russtroybank, the 135th by the amount of assets, the authority said in a report Friday.

The bank did not fulfill its liabilities to creditors timely due to a loss of liquidity and it was involved into large dubious operations, the central bank said.

Russtroybank is a member of the deposit insurance system which means that each depositor may receive up to 1.4 million rubles in compensation.

(70.5806 rubles – U.S. $1)

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