UPDATE 3: Russian cbank revokes license from St PeteТs Bank Sovetsky - 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

UPDATE 3: Russian cbank revokes license from St PeteТs Bank Sovetsky

(Adds details in paragraph 7)

MOSCOW, Jul 3 (PRIME) -- RussiaТs central bank has revoked a banking license from St. Petersburg-based Bank Sovetsky, ranked 111th by assets as of June 1, the regulator said on Tuesday.

The central bank also approved a plan with participation of the Deposit Insurance Agency (DIA) envisaging an auction to sell the bank to a credit organization which will continue rendering bank services to Bank SovetskyТs clients on previous terms and settle its obligations.

The DIA said it will hold the auction in the next two weeks and will announce the results no later than on July 16. Insurance payments to self-employed entrepreneurs will begin no later than on July 17.

Central Bank Deputy Chairman Vasily Pozdyshev said that individual accounts at Bank Sovetsky will be transferred to a new bank while self-employed entrepreneurs will obtain their money deposited in the bank fully in the form of insurance compensation from the DIA.

УFor individuals, it will happen automatically, they will not need to make new agreements, and the servicing terms will remain unchangedЕ The new bank will certainly have offices in all regions of presence of Bank Sovetsky,Ф he said.

УSelf-employed entrepreneurs will receive their money fully via the DIA. The bank had no clients of this type with deposits surpassing the insured sum of 1.4 million rubles.Ф

A central bank representative the told PRIME that further bankruptcy prevention measures for the bank would become too costly without a guaranteed result. The authorities will transfer about 37 billion rubles of liabilities of Bank Sovetsky to a creditor bank, the representative said.

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

(63.1394 rubles Ц U.S. $1)

End

03.07.2018 18:42
 
 
Share |
To report an error select text and press Ctrl+Enter
 
 
Central Bank Official Rate
1W 1M 1Y
USD
EUR 77.7529 -0.6084 21 sep
USD 66.4725 -0.5373 21 sep
Stock Market Indices
1D 1W 1M 1Y
MICEX
rtsi 1140.65 +0.58 18:50 20 sep
micex 2400.89 -0.15 18:50 20 sep
Stock Quotes in RUR
1D 1W 1M 1Y
GAZP
gazp 154.35 -1.93 18:49 20 sep
lkoh 4701.00 -0.38 18:49 20 sep
rosn 438.70 +0.19 18:49 20 sep
sber 191.16 -1.41 18:49 20 sep
MICEX Ruble Trading
1D 1W 1M 1Y
USDTD
EURTD 78.0275 -0.1025 14:59 20 sep
USDTD 66.7525 -0.6175 17:44 20 sep