The Central Bank revoked the license of the Tolyatti Bank

Central Bank deprived of the license was registered in Togliatti (Samara oblast) El Bank. This is stated in a press release published on the regulator’s website.

The Bank of Russia came to the conclusion that the credit institution is not able to timely meet the demands of depositors. The timing of default by Bank of obligations on repayment of funds exceeded two weeks.

The Central Bank also considered that the management and owners of e-Bank did not take measures to normalise its activities.

E-Bank is the participant of system of insurance of contributions. According to the Central Bank, the organization was ranked the 295th place in the Russian banking system by total deposits.