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MOSCOW, Mar 3 (PRIME) -- The central bank has revoked banking licenses held by Tatarstan-based Tatfondbank, Russia’s 42nd largest by assets, from March 3, the regulator said in a statement on Friday.
Tatfondbank, with assets of 221 billion rubles, Intechbank and Bank Ankor are members of the deposit insurance system, which means that each depositor may receive up to 1.4 million rubles in compensation.
The central bank also revoked licenses from Intechbank and Bank Ankor, ranking 130th and 227th by assets, respectively. Both banks are members of the deposit insurance system.
The central bank provided no reason for the license cancellation.
(58.4067 rubles – U.S. $1)
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