Almost 200 Russian banks being liquidated today, Deposit Insurance Agency says

03.07.2015 14:11
Almost 200 Russian banks being liquidated today, Deposit Insurance Agency says

YEREVAN, July 3. /ARKA/. About 200 Russian banks are currently in the liquidation phase, Deposit Insurance Agency of the Russian Federation told “Rosiyskaya Gazeta”.

Total amount of insurance compensations since the beginning of the year is now 120 billion rubles, according to the report.

Most part of creditors are not getting their money back fully due to poor assets level in the banks. Reporting fraud and stealing makes almost 87% there. Practically each case of liquidation leads to opening of a criminal case, the Agency says.
About one and a half years ago, the central bank projected in its stress test that if oil price dropped to 60 dollars per barrel and the GDP fell by 7%, then credit organizations would lose their profits, the newspaper says. –0—


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