Commercial City Bank (TGB)

2021: Criminal case of fictitious depositors before revoking the license

In November 2021, the Investigative Committee of Russia completed an investigation into a criminal case of attempted theft of 627 million rubles. from the Deposit Insurance Agency.

According to investigators, bankers formed a caravan - drove 500 people and forged documents about fictitious deposits in the City Trade Bank for 627 million rubles. The bank revoked the license, and then the fraudsters tried to get an insurance refund from the agency. DIA refused to recognize obligations to such investors.

2017: License revocation

From March 13, 2017, the Bank of Russia revoked banking licenses from two Moscow banks - the Trade City Bank and the Economic Union Bank.

According to the regulator, the Trade City Bank pursued a high-risk credit policy related to the placement of funds in low-quality assets. An adequate assessment of the risks taken revealed the existence of grounds in the bank's activities for implementing measures to prevent insolvency (bankruptcy).

TGB also allowed cases of late fulfillment of obligations to creditors. "At the same time, the bank did not comply with the requirements of the legislation in the field of combating the legalization (laundering) of proceeds from crime and the financing of terrorism in terms of submitting information on transactions subject to mandatory control to the authorized body. The management and owners of the bank did not take the necessary measures to normalize its activities. In the circumstances, the Bank of Russia decided to withdraw the credit institution from the banking services market, "the Bank of Russia emphasized

2015

The Bank shall operate under the following Licenses:

• License No. 3180 dated 31.08.2012 for banking operations with funds in rubles and foreign currency (without the right to attract individuals to deposits ).
• License No. 3180 dated 31.08.2012 to attract funds of individuals to deposits.

The Bank has 4 branches (Stolichny in Moscow, St. Petersburg in St. Petersburg, Nizhny Novgorod in Nizhny Novgorod, Chelyabinsk in Chelyabinsk), 1 additional office in Moscow, 3 additional offices in Tver, 1 additional office in St. Petersburg, 1 additional office in Nizhny Novgorod.

JSC AKB TGB implements a program for serving people with disabilities, participates in the state program "Accessible Environment." The bank is included in the deposit insurance system.

1994: Establishment of a bank

JSC AKB TGB has been operating in the banking services market since 1994.