licenses

License of Russia's Sovetsky bank revoked

License of Russia's Sovetsky bank revoked

Russia’s central bank has revoked a banking license from Saint Petersburg-based bank Sovetsky today, the authority said. In February 2012, the Bank of Russia has approved the plans of its participation in bankruptcy prevention …

License of Sevastopol-based VVB bank revoked

License of Sevastopol-based VVB bank revoked

Russia’s central bank has revoked a banking license from Sevastopol-based bank VVB, ranked 179th by assets as of March 1, the authority said. In December 2017, the central bank introduced an interim administration at VVB for six …

Is it safe to keep money in Russian banks?

Is it safe to keep money in Russian banks?

This year, approximately 35-50 banks can be deprived of licenses in Russia, according to the review of the January situation in the Russian banking sector prepared by the RIA Rating agency. In the period of January-February …

 Russian Central Bank revokes almost hundred licenses in 2016

Russian Central Bank revokes almost hundred licenses in 2016

In 2016, the Central Bank of Russia has revoked 97 licenses of banks, 17 licenses of non-state pension funds, 69 licenses of insurance companies and 32 license of management companies, the chief auditor of the Central Bank Valery …

Russian Central Bank revokes license of '1Bank'

Russian Central Bank revokes license of '1Bank'

The Central Bank of Russia revoked the license of '1Bank' in Vladikavkaz. In addition, the bank failed to comply with the restrictions on the exercise of certain operations imposed by the supervisory authority. The bank has the …

Azerbaijan abolishes licenses for tourism business

Azerbaijan abolishes licenses for tourism business

Azerbaijan has abolished the licenses for tourism business, the Ministry of Culture and Tourism of Azerbaijan said. The tourism services on the territory of the country will be rendered after an issue of special …

Putin orders to create agency on technological development

Putin orders to create agency on technological development

Russian President Vladimir Putin has proposed during his annual address to the Federal Assembly of the Russian Federation to set up an agency on technological development. "I believe there is a need to implement …