Рейтинг@Mail.ru
RusEng

News

Depositor appeals denial of Mezhprombank's $2.8 bln debt

12:29 07/10/2011

MOSCOW, October 7 - RAPSI, Natalia Belova. A federal commercial court will hear a depositor's lawsuit against lower courts' judgments not to include his $2.8 billion claim in the bank creditors' list on November 1, the court told the Russian Legal Information Agency (RAPSI) on Friday.

According to Sergei Yarmilinsky he placed 3,226 rubles (today's denomination) at a rate of 130 percent per annum in Mezhprombank in February 1994. The interest was to be charged on a quarterly basis. However, according to Yarmolinsky, the bank never charged interest on the deposit. In 2003, he made an attempt to withdraw his money, but the bank refused him. He is claiming money for the period from July 1, 1994 to the third quarter of 2009.

The court learned that the Deposit Insurance Agency, Mezhprombank's bankruptcy administrator, included Yarmolinsky's claims of only 5,726 rubles into the creditor's list. Yarmilinsky said that in the administrators opinion the bank was not obliged to accrue interest.

The court revoked Mezhprombank's license on October 5. It recognized the bank as bankrupt in late November. The bank's debt to creditors totals 82 billion rubles ($2.5 billion), out of which only 32 billion rubles ($984 million) are secured by pledge to the Central Bank.

Share thisE-mail this articlesubmit newsAdd to blogrss feed
Add to blog
To link to this material, copy the code to your blog.
Publishing code:
Preview:

Depositor appeals denial of Mezhprombank's $2.8 bln debt

12:29 07/10/2011 A federal commercial court will hear a depositor's lawsuit against lower courts' judgments not to include his $2.8 billion claim in the bank creditors' list on November 1.
Forward news story

All fields are mandatory!

Submit news

All fields are mandatory!

Share this

Top news