Insurance payments to depositors of the Moscow Ergobank will begin on January 29

Insurance payments to depositors of the Moscow Ergobank will begin on January 29


The Bank of Russia has deprived of the Moscow Ergobank license due to the fact that the Bank is not timely performed the obligations to creditors and depositors.

MOSCOW, 15 Jan. Insurance reimbursement to the depositors who lost on Friday the license of the Moscow Ergobank will begin no later than January 29, according to the Agency for Deposit insurance (DIA).

“For operational reception of statements of citizens and the fastest possible payment of compensation on deposits DIA intends to use the agent banks. In accordance with the decision of the Board of ACB such agent banks will be selected on a competitive basis no later than January 21, 2016”, — stated in the message.

As noted by the Bank of Russia, in connection with loss of liquidity, Ergobank not timely performed the obligations to creditors and depositors, the managers and owners of the credit institution failed to take efficient measures to normalise its activities.

By total assets, according to Central Bank data, the Bank held on 1 December 2015 321-e a place in Russia’s banking system.