Russian central bank closes eight lenders and reports alleged crimes

Eight institutions shuttered in September as central bank reports alleged crimes to prosecutors

elvira-nabiullina
Governor Elvira Nabiullina
Source: Kremlin

Russia's central bank has begun what appears to be a new round in its attempt to clean up the country's banking sector, closing some banks and alleging criminal malpractice at others.

Since the beginning of September, the bank has revoked the licences of six banks and two non-bank credit institutions, and placed another into temporary administration. It has also announced that it has found evidence of questionable transactions in six banks that had already had their licences revoked. The central

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.