Joint stock bank Kuznetsky Bridge

History

2020

Sberbank is appointed the agent for payment of an insurance indemnity to investors

The Deposit Insurance Agency appointed Sberbank the agent for payment of an insurance indemnity to investors of the Moscow bank "Kuznetsky Bridge" at which the Bank of Russia cancelled the license on July 17.

Cancellation of the license

On July 17, 2020 the Bank of Russia announced cancellation of the license at the Moscow bank "Kuznetsky Bridge" which on the volume of assets took the 362nd place in a banking system of the Russian Federation.

The Bank of Russia the order of July 17, 2020 No. OD-1111 cancelled a license for banking operations at credit institution Kuznetsky Bridge bank joint-stock company Kuznetsky Bridge bank of the joint-stock company (reg. No. 2254, Moscow), says the regulator.

The Central Bank of the Russian Federation cancelled the license of Kuznetsky Bridge bank

In the same place it is specified that the petition of credit institution sent to the regulator in connection with the decision of general shareholder meeting on its voluntary liquidation formed the basis for cancellation of the license at bank (according to Article 61 of the Civil Code of the Russian Federation).

It agrees to the reporting data provided to the Bank of Russia, the credit institution locates sufficient property for meeting requirements of creditors, noted in the Central Bank, having added that the credit institution is a participant of deposit insurance system. In Kuznetsky Bridge bank liquidation commission will be appointed, reported in the Bank of Russia.

The Kuznetsky Bridge bank was  a partner of Agency for housing mortgage lending and the participant of accreditation at Fund of assistance to financing of small business of Moscow. Generally it worked with corporate clients, small and medium business. Entrepreneurs Valery Pirogov, Leonid Seleznyov (the citizen of Malta, the chairman of the supervisory board), Nikolay Borodin, and Valery Yevstigneyev were the main owners of bank.

It should be noted that the Central Bank of the Russian Federation not of a response banking licenses since January, 2020. According to the FrankRG agency, the regulator consciously suspended this process against the background of crisis and imposed the moratorium on checks of financial institutions. Checks of banks were resumed after July 1, 2020.^[1]

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