Dagestan bank closed down

The Bank of Russia has nullified licenses of the Dagestan bank (Makhachkala), Monolit bank (Moscow) and the Business Development Bank (Kemerovo).Dagestan was closed for suspicious bank operations worth over 1.6 billion rubles in 2013.Monolit stopped all operations in late February. The Business Development Bank carried out suspicious operations worth over 4.8 billion rubles.

The Bank of Russia has nullified licenses of the Dagestan bank (Makhachkala), Monolit bank (Moscow) and the Business Development Bank (Kemerovo).

Dagestan was closed for suspicious bank operations worth over 1.6 billion rubles in 2013.Monolit stopped all operations in late February. The Business Development Bank carried out suspicious operations worth over 4.8 billion rubles.