Banks and Credits

The Russian Central Bank has revoked the licenses of Purpe, CreditBank and Utika

The Central Bank, led by Elvira Nabiullina has revoked the licenses of banks Purpe (Tyumen) and CreditBank (Elista), as well as non-Bank credit organization Utika (Moscow) in connection with their participation in “suspicious” Bank transactions. In all of these organizations will be appointed a temporary administration to the choice of the liquidator or liquidator. Since June 2013 the Central Bank revoked the licenses of 100 credit institutions. The report does not say whether a criminal investigation in relation to the identified violations. // Moscow// 16/10/2014, Source: Rossiyskaya Gazeta , Interfax