AssetCapital Bank

History

2024: Ex-chairman Grigory Hovhannisyan sentenced to 8 years for fraud

In September 2024, it became known that the Tagansky Court of Moscow sentenced the former co-owner of AktivCapital Bank Grigory Oganesyan to eight years in a general regime colony for fraud on an especially large scale. According to the case file, Hovhannisyan and his alleged accomplice Hambartsum Melikyan withdrew about ₽4 billion from the bank shortly before the license was revoked in 2018. The court also satisfied the claim of the Deposit Insurance Agency (DIA) in the amount of ₽1,5 billion. Read more here

2018: License Revocation

At the end of March 2018, the Central Bank of the Russian Federation announced the revocation of the banking license from Samara AssetCapital Bank. This is stated in a press release published on the website of the Central Bank.

​"V March of this year, AK Bank JSC carried out a number of operations aimed at withdrawing a significant part of its assets, which led to a sharp deterioration in the financial condition of the credit institution, an acute liquidity deficit and an inability to fulfill obligations to customers in a timely manner, "the regulator said in a statement

The Central Bank also notes that the organization has repeatedly violated the requirements of the regulator "in the field of countering the legalization (laundering) of proceeds from crime and the financing of terrorism." The agency's message explains that we are talking about the correctness of the information provided by the bank.

The Central Bank also emphasizes that the leaders and owners of the bank did not take effective measures to normalize the activities of the organization. "In the current circumstances, the Bank of Russia decided to withdraw AK Bank JSC from the banking services market," the regulator notes.

AssetCapital Bank has appointed a temporary administration.

In terms of assets as of March 1, the bank ranked 117th in the Russian banking system.

2015: Authorized capital 2.2 billion rubles

As of March 2015, the Bank's authorized capital is 2 204 000 000 rubles.

2012: New Banking License

OJSC AK Bank operates under Banking License No. 3006 issued by the Central Bank of the Russian Federation on March 12, 2012.

2005: Participation in the deposit insurance system

AK Bank OJSC is a member of the compulsory deposit insurance system, which is confirmed by the certificate of inclusion of the bank in the register of banks participating in the compulsory deposit insurance system on September 22, 2005 under number 925.

2009: Precious Metals License

On November 6, 2009, the Central Bank of the Russian Federation issued a License for work with precious metals No. 3006 to OJSC PK ELKABANK.

On May 24, 2011, the Expert RA Rating Agency assigned the creditworthiness rating of AK Bank OJSC (g) Samara at the A level "High level of creditworthiness."

On June 07, 2012, the Expert RA Rating Agency confirmed AK Bank's credit rating at A until June 06, 2013.

On the basis of the order of the Federal Customs Service of Russia dated 30.09.2013 No. 1837, from October 1, 2013, AK Bank OJSC was included in the register of banks entitled to issue guarantees for the payment of customs payments.

On June 04, 2014, Expert RA Rating Agency confirmed the credit rating of AK Bank OJSC at A level until 03.06.2015.

The National Rating Agency assigned JSC "AK Bank" the status "Very High Liquidity" according to the rating "Barometer of banking liquidity."

1994: Founding of ElkaBank

Open Joint Stock Company "AssetCapital Bank" (until June 3, 2011 it was called OJSC PK "ELKABANK") was founded on July 29, 1994.