Central Bank requests law enforcement to inquire into major Russian bank’s situation
MOSCOW, July 10 (RAPSI) – The Central Bank of Russia has filed a request with law enforcement agencies in relation to activities of Yugra, one of the major Russian banks, RIA Novosti reported on Monday citing deputy chairman of the Central Bank Vasily Pozdyshev.
Earlier on Monday, Pozdyshev said that the Bank had introduced temporary administration in Yugra, on suspicion of fabricating reports and conducting manipulations with bank deposits. The Deposit Insurance Agency (DIA) was tasked with functions of temporary administration and, according to Pozdyshev, its priority task is to investigate financial state of the bank.
Bank Yugra was founded in 1990 and as of May 1, 2017 it held number 27 among Russian banks by assets, according to RIA Rating. Businessman Alexey Khotin hold 52.5% of the bank’s shares.