MEGAPOLIS BANK WENT BANKRUPT

On June 7, the Arbitration court of Chuvashia made a decision on the bankruptcy of Megapolis Bank, the head office of which is located in Cheboksary city. For many, it was quite expected, since the bank itself lost its license on March 26. The total debt of the organization, which served as the basis for the recognition of insolvency, is more than 3.8 million rubles.

An attempt to liquidate a commercial bank was blocked by the Central Bank in May. The earlier submitted liquidation application is still being examined by the court until the date when the decision on declaring the organization bankrupt comes into force. The very decision of the arbitration court on bankruptcy has not yet been made public. It is also unknown whether the representatives of the credit institution will appeal against it.

Since April, the ‘DIA’ state corporation has been engaged in paying insurance payments to more than 5,000 bank depositors who suffered from the action of the regulator.

Each depositor is about to receive up to 100% of the invested funds within the legal maximum of 1.4 million rubles per person, including money accrued on the bank interest.

According to the data received by the beginning of the court hearings in the bankruptcy case, more than 95% of the clients of the credit institution received compensations. The amount of insurance payments amounted to 2.76 billion rubles. All payments were made through 67 branches of Sberbank, almost half of which are located directly in Cheboksary.

It is known that the bank has existed in Cheboksary for more than a quarter of a century. Branches and offices were located in Nizhny Novgorod, Kazan, Pushkin and other cities. In the banking system of the country, the organization took 234^th position in terms of assets.

The leadership of the Central Bank of the Russian Federation in March explained its decision to revoke the license by the fact that the credit institution often violated financial legislation.

The economic indicators of work were often overestimated, and the bank's management tried to hide the real situation. Some of the violations were reported by the Central bank to the law enforcement agencies. What is more, the bank was accused of carrying out exchange operations with currency that were not reflected in the financial reports.