The Central Bank does not preclude revocation of the license, as well as rehabilitation of Nota-Bank

The Central Bank does not preclude revocation of the license, as well as rehabilitation of Nota-Bank


The Bank of Russia 13 October and appointed a temporary administration in Nota-Bank for 6 months. Temporary administration of the Bank will suggest further action in respect of its assets, said the Chairman of the Central Bank Mikhail Sukhov.

MOSCOW, 13 Oct. The Bank of Russia does not exclude revocation of licenses of the Note-the Bank and its financial recovery, said the Chairman of the Central Bank Mikhail Sukhov.

“Today we do not exclude any of possible variants of development of events. Information about the Bank’s assets, known at the present time, shows that individual loans may be of interest to other banks or investors,” he said, answering the question of whether the regulator to revoke the Bank’s license or to make a decision about its financial rehabilitation.

“As the systematization and evaluation of this information, the interim administration of the Bank will suggest further action with respect to its assets,” he added.

The Bank of Russia 13 October and appointed a temporary administration in Nota-Bank for 6 months with the suspension of powers of Executive management bodies of the credit institution. The decision was made due to dissatisfaction of requirements of creditors under liabilities within the terms exceeding seven days after the date of satisfaction.

The Bank of Russia also imposed a three month moratorium on satisfaction of requirements of creditors of Nota-Bank. The regulator noted that the moratorium will ensure equality in the protection of the rights of creditors in circumstances of insolvency of the Bank. According to RIA Rating, on July 1, Nota-Bank was ranked 78-th place among Russian banks by assets with a figure of 88 billion rubles.