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2021-03-12T05:52:56.996Z
The Bank of Russia has revoked Forbank's banking license, the Central Bank said in a statement. It is noted that in terms of assets, the credit institution ranked 221st in the banking system of the Russian Federation. The report says that Forbank violated federal laws regulating banking activities, as well as regulations of the Bank of Russia. In Forbank, a temporary administration of the Central Bank has been appointed, which will operate until the appointment of a bankruptcy commissioner
It is noted that in terms of assets, the credit institution ranked 221st in the banking system of the Russian Federation.
The report says that Forbank violated federal laws regulating banking activities, as well as regulations of the Bank of Russia.
In Forbank, a temporary administration of the Central Bank has been appointed, which will operate until the appointment of a bankruptcy commissioner or liquidator.
Source: russiart
