Date: 5 months ago   Category: Finance

The Central Bank declared the termination of activity of temporary administration of Yugra bank — Rambler News Service


The temporary administration of Yugra bank since October 16 will stop activity, follows from the order of the Bank of Russia posted on the regulator website. "To stop since October 16, 2018 activities of temporary administration for management of the credit institution public joint stock company Yugra bank appointed by the order of the Bank of Russia of July 28, 2017", - it is said in the document. The Central Bank entered temporary administration into Yugra bank on July 10, 2017. At the end of July, 2017 the Central Bank revoked the license from bank. The Bank of Russia noted that activity of credit institution "was based on financing of the business projects connected with beneficiaries of credit institution at the expense of borrowed funds of natural persons by means of issuance of credits to the companies which scales of activity did not correspond to the volume of the obtained credits". On September 25 the current year the Arbitration court of Moscow declared Yugra bank bankrupt.

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