Order of the Bank of Russia revoked the license to conduct banking transactions in the credit organization Joint Stock Commercial Bank city “Arvesta” (Closed Joint-Stock Company) ZAO AKGB “Arvesta” (Krasnodar region, Armavir).

“The license to conduct banking transactions withdrawn due to the fact that the credit company ZAO AKGB” Arvesta on 1 January 2010 did not reach the size of its own funds (90 million rubles), satisfying the requirements of the fifth part of Article 11.2 of the Federal Law “On Banks and Banking Activity “, - stated in the department of external and public relations of Bank of Russia. - Management and shareholders of the credit institution did not take efficient measures to increase the size of its own funds (capital). The bank has not filed a petition to the Bank of Russia change their status to non-banking credit organization. In these circumstances, in accordance with Federal law “On banks and banking activity” the Bank of Russia performed the duty for the revocation of a license to conduct banking operations. ”

In accordance with the order of Bank of Russia of 03.02.2010 d7c470; ML-53 at UAB AKGB “Arvesta” appointed interim administration is valid until the date of appointment in accordance with Federal law “On Insolvency (Bankruptcy) of Credit Organizations” bankruptcy trustee or the appointment of in accordance with Article 23.1 of the Federal Law “On banks and banking activity” liquidator. The powers of the executive bodies of the Bank in accordance with federal laws suspended.

company AKGB “Arvesta is a party to deposit insurance. Withdrawal of licenses for banking operations is an insurance case, the Federal Law № 177-FZ “On insurance of individual deposits in banks Russia.
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