Source: Cbank cuts Rosenergobank off payment system, bank denies

MOSCOW, Mar 27 (PRIME) – The central bank has disconnected Rosenergobank, Russia’s 88th largest bank by assets as of March 1, from its rapid payment system which is a measure often preceding license revocation, a banking source told PRIME on Monday, but Rosenergobank denied the information.

In mid-February, international rating agency Moody’s downgraded long-term deposit ratings of the bank in national and foreign currencies to Caa2 with a negative outlook. The agency said that liquidity position and asset quality of the bank had worsened.

According to a financial report of the bank, households keep 36.5 billion rubles on deposits with Rosenergobank.

(57.4247 rubles – U.S. $1)

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