Bank loses license in Makhachkala

The Trastovy Bank in Makhachkala (Dagestan) lost license for violation of banking rules and regulations of the Russian Bank, Interfax reports.

The Trastovy Bank presented false information about credit operations with cash to the Russian Bank. It was also caught violating the anti-money-laundering law.

The bank was registered in Makhachkala and has a branch in Kaspiysk. The license was issued on February 1, 1999.