Kranbank

1993: Creation of bank

JSB Kranbank (Ltd) it is registered by the Bank of Russia on January 28, 1993, the license of the Central Bank of the Russian Federation No. 2271 works is termless.

Shareholders of JSB Kranbank (Ltd) are seven enterprises of Russia and four individuals. Activity of major shareholders – large enterprises is connected with production of the load-lifting and sealing equipment. Kranbank is included into TOP-300 in the all-Russian bank rating on indicators "deposits" and "loan portfolio".

According to "RIA Rating" Kranbank takes the following positions in the rating of the Russian banks according to the results of 9 months 2014: the 240th place on a volume of deposits, the 292nd place by the amount of the loan portfolio, the 355th place by the size of net assets

On November 6, 2014 the RAEX rating agency (RAEX) confirmed credit rating of JSB Kranbank (Ltd) at the level A – "High Level of Solvency", the third subtotal, the forecast "stable".

The bank has the developed network of departments which is provided by 16 departments in the Ivanovo region and operational office in Moscow. The bank takes sure positions in financial market of the Ivanovo region. Among credit institutions of the Ivanovo region according to the results of 9 months 2014 of JSB Kranbank (Ltd) there is a leader in indicators: capital of bank, loan debt, deposit portfolio. On settlement service in bank there are more than 2000 legal entities and individual entrepreneurs, about 200 of them are credited. 10,000 investors trust Kranbank the savings. The bank services more than 2800 accounts of the individuals intended for receiving pensions, social benefits and other regular payments.

Transfers Zolotaya Korona to 19 countries of the world in rubles, US dollars and euro are available to clients of Kranbank. Across Russia the transfer commission makes 1%, but no more than 1 thousand rubles; to other countries – from 0.5% depending on amount of transfer and the direction of transaction.

2019: Revocation of license

The license was revoked from Kranbank by the Bank of Russia on December 13, 2019 because the bank performed the operations having signs of an output of assets and broke the laws regulating banking activity.

Payments of an insurance indemnity to investors of JSC Kranbank will begin since December 23, the press service of the "Deposit Insurance Agency" state corporation reported. The agent bank for payment of an insurance indemnity to investors of JSC Kranbank selects PJSC Sberbank.

Payments will receive both individuals, and individual entrepreneurs and also the legal persons having the status of small enterprises. Payment of compensations will be made within a year, and then about day of completion of bankruptcy proceedings.

As specified in DIA, the insurance indemnity will be performed in three territorial subjects of the Russian Federation, including in the Ivanovo region. According to the register of obligations of JSC Kranbank, the compensation amount is estimated at 6.3 billion rubles, about 13.7 thousand investors can address for payments.