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BANKS HAVE RAISED CREDIT CARD RATES

The largest Russian banks have increased their credit card rates. In a number of credit institutions, credit card rates have exceeded 50%. According to Rossiyskaya Gazeta, the increase in percentage points applies to new bank contracts. So, in VTB, the interest rate on ...

THE CENTRAL BANK FILED A BANKRUPTCY LAWSUIT AGAINST THE MOSCOW BANK GARANT-INVEST

The Central Bank has filed an application for the insolvency of Garant-Invest Bank with the Moscow City Arbitration Court. This decision was made three weeks after the credit institution lost its license. The claim was registered on January 14 (case no.A40-3833/2025)....

TRUST BANK REDUCES THE AMOUNT OF A RECORD LAWSUIT AGAINST THE EX-MANAGEMENT OF ROSTBANK

As part of the ongoing judicial drama, Trust Bank announced a reduction in the amount of its financial claims against ex-executives of Rostbank (case no. A40-173349/2020). Earlier, the amount of the claim amounted to over 306.5 billion rubles. Now it has been reduced by 3 billion. The clarification ...

THE BANKRUPTCY PROCEDURE OF THE BANK "PRIORITY" HAS BEEN COMPLETED IN SAMARA

On November 12, 2024, the Samara Arbitration Court completed the bankruptcy procedure of Priority Bank (case No. A55-23933/2014). The decision to terminate the bankruptcy proceedings was made on November 11. The procedure lasted about 10 years after the organization lost its license. During the last stage of the litigation,...

THE CRIMINAL CASE OF THE BENEFICIARY OF RUSKOBANK WAS SENT TO COURT

The Prosecutor General's Office has sent an indictment in the case against the ex-beneficiary of the bankrupt Ruskobank Khachatur Muradov to the court for consideration. He is accused of embezzling about 600 million rubles. The investigation found that the assets of the credit structure were withdrawn through the issuance of loans to fictitious companies....

ALFA-BANK RAISES THE INITIAL MORTGAGE PAYMENT

Alfa-Bank raises the amount of the down payment on family and IT mortgages. From October 11, its minimum amount will start from 50.1% of the cost of housing, the bank told TASS. The initial payment on the Far Eastern and Arctic preferential mortgages will ...

BANKS HAVE INTRODUCED A NEW COMMISSION FOR MORTGAGES

... under market programs. The fee will apply to housing developers or borrowers themselves. The new mortgage commission will affect transactions for the purchase of primary and secondary housing, as well as private homes. It already operates in VTB, Sberbank and Alfa-Bank, Kommersant reports. As experts explain, such a fee is a necessary measure. Earlier, the Bank of Russia reduced the possible maximum full cost of the loan. If the costs are included in the loan amount itself, then its full cost may ...

CONDUCTING AML/CFT EVENTS CANNOT BE A REASON FOR ENRICHING THE BANK AT THE EXPENSE OF THE CLIENT

The manager applied to the court to challenge the transaction on debiting funds from the debtor's account in favor of the bank (case no. A40-87169/21). The courts of two instances refused to satisfy the claims, since the arguments of the manager boil down to disagreement and challenging the defendant's position that the funds written off in favor of the bank with the wording ...

MBANK HAS SUSPENDED TRANSFERS THROUGH RUSSIAN BANKS

The large Kyrgyz bank mBank has suspended transfers through Russian credit institutions for an indefinite period. Payments are not available in both directions. According to RBC, transfers have been suspended, including for Sberbank, T-Bank and MTS Bank. Incoming payments ...

AMERICAN EXPRESS BANK IS BEING LIQUIDATED

American Express Bank (a subsidiary of American Express Company) decided to liquidate instead of selling the business. The corresponding application for liquidation was submitted to the Unified State Register of Legal Entities. At the end of 2022, American Express Bank ...

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