Northern credit

2020

Italy refused to extradite Alexey Zhelezov to the Russian Federation

In November, 2020 Italy refused to extradite the co-owner of Northern Credit bank Alexey Zhelezov to Russia. The Russian police officers consider him the participant of plunder of 3.1  billion rubles of the failed Northern Credit regional bank which is registered in the sanctions list of the Ministry of Finance of the USA in connection with its activity in the Crimea.

During judicial proceedings in the Turin city court the Italian prosecutor did not begin to support requirements of the Russian colleagues. Zhelezov said that he fell a victim of a political intrigue.

Arrest in absentia of the former shareholder of bank A. Zheleznov

On June 1, 2020 the Vologda city court according to the petition of the investigation in absentia arrested the former shareholder of Northern Credit bank Alexey Zhelezov accused of especially large fraud and money laundering. The resolution was not appealed and took legal effect.

Mister Zhelezov since the end of March is in the international wanted list.

2018: The bank is declared bankrupt

In 2018 the court declared credit institution bankrupt.

2017: Revocation of license

The Bank of Russia  revoked on December 29, 2017 a license for banking operations from the Vologda bank "Northern Credit". It is reported  on the website of the Central Bank.   According to the message of the regulator, after check in bank the documents confirming its property rights to the large securities portfolio purchased at the end of December, 2017 were not revealed. "Assessment of the accepted risk on the specified transaction revealed complete loss of own means (capital) by credit institution" — the Central Bank notes.

Besides, in connection with liquidity deficit last decade of December, 2017 the bank could not fulfill the obligation to creditors and investors.

On the value of assets for December 1, 2017 the credit institution took the 244th place in a banking system of the Russian Federation. The bank is a participant of deposit insurance system.

2011: Transfer of the headquarters of bank to Vologda

In March, 2011 on the basis of the solution of the extraordinary Severny credit (JSC) Bank General shareholder meeting changed location (legal address) of the central office and began to be located in Vologda.

Branches and divisions of Bank were registered in the territory of the Vologda region (Vologda, Cherepovets, Velikiy Ustyug), the Arkhangelsk region (Arkhangelsk, Severodvinsk), the Yaroslavl region (Yaroslavl), to St. Petersburg and in the Komi Republic (Ukhta, Pechora). In total as of 4/9/2012 the branch network of Bank consists from: branches (quantity) - 4; additional offices - 6; operational offices - 2; operational cash desks out of point of sale – 1.

Activity of Bank was performed according to the license of the Central Bank of the Russian Federation No. 2398. Since December, 2004 the Bank is a participant of a system of compulsory deposit insurance (registration No. 290).

1993: Foundation of bank in Arkhangelsk

It is founded in 1993 in Arkhangelsk worked at financial market of the Northwest of Russia.