Autogradbank

Avtogradbank JSC is a universal commercial bank founded in Naberezhnye Chelny in 1991.

History

2024: License Revocation

On June 17, 2024, the Central Bank of Russia announced the revocation of the license from Avtogradbank from Tatarstan. In terms of assets, this credit institution, as noted, occupied 218th place in the banking system of the Russian Federation.

The Central Bank made a decision in relation to Avtogradbank in accordance with paragraphs 6 and 6.1 of the first part of Art. 20 of the Federal Law "On Banks and Banking Activities." The organization is alleged to have violated federal laws governing banking as well as certain regulations. The official statement of the Central Bank also says that Avtogradbank committed violations of the requirements of the law in the field of countering the legalization (laundering) of proceeds from crime and the financing of terrorism.

source = Yandex.Maps

It is emphasized that over a long period of time, the activities of Avtogradbank were characterized by the inefficiency of the business model, the reduction and deterioration of the quality of assets. At the same time, top managers received "significant incentive payments." All this led to regular losses and a decrease in the size of own funds. Plus, the Central Bank notes, the credit institution served clients who participated in suspicious transactions in significant volumes aimed at withdrawing funds into shadow circulation.

On June 17, 2024, dozens of people gathered near the head office of Avtogradbank in Naberezhnye Chelny. This and other branches of the bank are closed, and banking operations are suspended. Avtogradbank is a member of the deposit insurance system, so the savings will be returned to customers in the amount of 100% of the balance of funds, but not more than 1.4 million rubles in total per depositor (including accrued interest on deposits). The provisional administration will be valid until the appointment of the bankruptcy trustee or liquidator.^[1]

2010

License of the Central Bank of the Russian Federation No. 1455. The priority areas of Avtogradbank's work are settlement and cash services for legal entities and individuals, lending to small and medium-sized businesses of individual entrepreneurs, issuing consumer loans to the population, attracting deposits from individuals. Avtogradbank today is represented in a number of regions of the country, including in large cities: Naberezhnye Chelny, Moscow, St. Petersburg, Kazan, Ryazan, Volgograd, Samara, Izhevsk, Astrakhan, Grozny and other cities of the Russian Federation.

2004

According to the results of 2004, Avtogradbank ranks 3rd among the banks of the republic in terms of return on capital, 7th place - in terms of the volume of attracted funds of individuals and 14th place - in terms of profit. The bank has more than 200 shareholders, more than 7,000 corporate clients and over 25 thousand depositors. In the republic, the bank accounts for every fourth loan issued to small businesses, and more mortgage loans than all other banks combined.

Notes