Рейтинг@Mail.ru
RusEng

News

Court upholds recall of Sotsgorbank's license

12:52 12/10/2011

MOSCOW, October 12 - RAPSI, Dmitry Shchitov. An appellate court upheld the Central Bank's decision to revoke Sotsgorbank's license, the Russian Legal Information Agency (RAPSI) reported from the courtroom on Wednesday.

The Central Bank Of Russian FederationThe Central Bank Of Russian Federation

Sotsgorbank is a middle-sized credit institution established in 1992.

On April 18 the Central Bank of Russia revoked Sotsgorbank's license after it failed to comply with the banking laws.

Sotsgorbank appealed the Moscow Commercial Court's August 3 decision, which dismissed its lawsuit against the Central Bank.

The Moscow Region Commercial Court validated on June 7 the Central Bank's decision to recognize Sotsgorbank bankrupt and opened bankruptcy proceedings at the bank.

The Deposit Insurance Agency was appointed the bankruptcy receiver.

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:

Court upholds recall of Sotsgorbank's license

12:52 12/10/2011 An appellate court upheld the Central Bank's decision to revoke Sotsgorbank's license.
Forward news story

All fields are mandatory!

Submit news

All fields are mandatory!

Share this

Top news