AF Bank

JSC AF Bank is universal bank, with participation of the foreign capital, has the general license of the Central Bank of the Russian Federation. Major shareholders of bank: JSC Astana-finance, JSC Alpha Bank Bashkortostan.

The Central Bank (Central Bank) revoked in April, 2014 a license for banking operations from the Ufa "AF of Bank", "subsidiary" of the Kazakhstan holding "Astana-finance", the press service of the Bank of Russia reports on Thursday, April 17. The Central Bank explains the decision on revocation of license with the fact that in connection with loss of liquidity the bank did not provide timely obligation fulfillment before creditors and investors, and the management and owners of "AF of Bank" did not take a measure for its financial improvement. Payments to investors of "AF of Bank" will begin no later than May 1, it is specified in the message of Deposit Insurance Agency (DIA). In February and March, 2014 AF Bank faced influx of the clients removing cash and deposits. As a result of it the bank could not fulfill obligations to investors in full. Then in "AF Bank" explained that the negative information which about it was distributed in the Internet became the reason of it.