The Czech Central Bank revoked the license of the European-Russian Bank (ERB). On Monday, October 24, reported the press service of the national regulator.
“The main reasons for the decision are not functioning of the system of management and control of the Bank, and buying bonds contrary to legal norms”, — is spoken in the message of the Czech Central Bank.
From 11 October, the national regulator has notified the system of financial guarantees that who / Europe is unable to meet its obligations. Payments on customer deposits 20 October began to implement the Czech savings Bank Česká spořitelna, reported news portal Seznam.
The right to receive compensation have 5409 clients of the credit institution. The total amount of insured deposits amounted to 3.53 billion euros (about 142 million dollars).
European-Russian Bank was among the First Czech-Russian Bank (pcrb) businessman Roman Popov. The Bank of Russia revoked the license of pcrb from 1 July this year.
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