The Bank of Russia withdrew the license at Bank “Severo-East Alliance”

CBR revoked the license with August 21, 2017 a license for banking operations of the credit institution joint stock commercial Bank “Severo-Vostochny Alliance” (Moscow). This is stated in the message of the Central Bank.

According to the Bank, the Bank was ranked 250 in the banking system of the Russian Federation. The Bank is not the participant of system of insurance of contributions.

In accordance with the order of the Bank of Russia in AKB “SVA” (JSC) appointed a temporary administration of the validity period until the appointment in accordance with the Federal law “On insolvency (bankruptcy)” bankruptcy Trustee, or appointment in accordance with article 23.1 of the Federal law “About banks and Bank activity” the liquidator. The powers of the Executive bodies of the credit institution in accordance with the Federal laws are suspended.

“AKB “SVA” (JSC) was unable to timely fulfill obligations to creditors in connection with the activities of the Bank have any grounds for implementation of measures on prevention of insolvency (bankruptcy) and a real threat to the interests of its creditors”, – is spoken in the message.

The Bank of Russia withdrew the license at Bank “Severo-East Alliance” 21.08.2017

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