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

... limit established by law. Garant-Invest, which was on the 168th position in terms of assets among Russian banks, has now gone into liquidation. After submitting the application to the court, the fate of the bank will depend on its consideration. If the Central Bank's claim is satisfied, bankruptcy proceedings will begin. This case was the sixth revocation of a license from banks in 2024. The situation with Garant-Invest underscores the need for strict control over banks' compliance with regulations and legislation in order to avoid threats to financial stability and protect the interests of depositors.

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 ... ... the maximum credit card rate has reached 99.9%. Experts explain that such changes are related to the moratorium imposed by the Central Bank. According to it, the maximum rates of credit institutions are not limited from January 1 to March 31 of the current ...

Central Bank of Russia declared Maykopbank bankrupt

Bankruptcy proceedings launched for a period of one year has begun in relation to Maykopbank. The credit institution, deprived of the license by the regulator on April 2, 2021, was declared insolvent after the lawsuit of the Central Bank. The bank will be ruled by the DIA state corporation until September 8, 2022. We should remind our readers that in April, the regulator punished Maykopbank JSC with the revocation of its license, having accused the management of the organization ...

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