Russian central bank recalls license of Bank Assotsiatsiya - News Archive - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

Russian central bank recalls license of Bank Assotsiatsiya

MOSCOW, Jul 29 (PRIME) -- The central bank has revoked the banking license of Nizhny NovgorodЦbased Bank Assotsiatsiya, RussiaТs 170th largest bank by assets of June 1, the regulator said in a statement on Monday.

During oversight procedures, the regulator discovered a loss of 3.8 billion rubles placed with a foreign bank. The sum exceeds the bankТs capital by more than two times, and creation of reserves against the absent assets led to a complete loss of capital.

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

The Deposit Insurance Agency (DIA) said that payments to the clients of the bank will start no later than August 12, and that the agency will choose agent banks that would conduct the payments no later than August 1.

(63.1271 rubles Ц U.S. $1)


29.07.2019 08:51
Share |
To report an error select text and press Ctrl+Enter
Central Bank Official Rate
1W 1M 1Y
EUR 70.8524 +0.2238 21 nov
USD 64.0213 +0.2483 21 nov
Stock Market Indices
1D 1W 1M 1Y
rtsi 1448.40 -0.22 18:50 20 nov
micex 2936.47 -0.18 18:50 20 nov
Stock Quotes in RUR
1D 1W 1M 1Y
gazp 248.00 0.00 18:47 20 nov
lkoh 6084.50 -0.09 18:47 20 nov
rosn 450.35 -0.49 18:46 20 nov
sber 237.78 -0.61 18:47 20 nov
MICEX Ruble Trading
1D 1W 1M 1Y
EURTD 70.7400 +0.1000 14:59 20 nov
USDTD 63.9500 +0.1475 17:44 20 nov