Tauride KB

History

2025

Suspended sentences for ex-employees for embezzlement of 14.7 million rubles

The Sosnovoborsky City Court of the Leningrad Region found the former deputy director of the Sosnovoborsk operating office of Tavricheskaya Bank Galina Baranova and her daughter, the leading client manager of the same division Vera Baranova, guilty of embezzling 14.7 million rubles from depositors' accounts. They received 3.5 and 3 years probation, respectively. This was reported in October 2025 by the Deposit Insurance Agency (DIA). The agency also filed a civil lawsuit against Galina and Vera Baranovym in the amount of 8.1 million rubles.^[1]

License revocation and bankruptcy

The Bank of Russia canceled the banking license from Tauride Bank due to the impossibility of continuing the rehabilitation program. The credit institution completely lost its own funds and lost the prospects for financial recovery. The bank held the 52nd position in terms of assets among Russian credit institutions in the first half of 2025, the regulator said on September 3, 2025.

According to Interfax, the Central Bank simultaneously terminated the plan for the participation of the Deposit Insurance Agency in measures to prevent the bankruptcy of a financial institution. A temporary administration is appointed to the bank, the powers of which are entrusted to the DIA. The executive bodies of the credit institution suspend their activities until the appointment of the bankruptcy trustee or liquidator.

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Фото: Freepik

Tauride Bank is a member of the deposit insurance system, which guarantees a full refund to depositors with an amount of up to ₽1,4 million per client. The agency plans to begin compensation payments no later than September 17, 2025. The selection of agent banks for payments will be completed by September 8.

The insurance liability of the DIA for obligations to depositors is tentatively estimated at ₽56,5 billion as of August 1, 2025. The Bank of Russia believes that the sale of assets of a credit institution within the framework of liquidation procedures will fully satisfy the requirements of creditors of the first and second stages.

The credit institution was established in early 1993 by nine manufacturing and commercial enterprises. The territorial network included a head office in St. Petersburg, five divisions in Moscow, as well as representative offices in Sosnovy Bor and Kingisepp, Leningrad Region. The total number of private customer service offices was 13 divisions.^[2]

In October 2025, the bank was declared bankrupt.

2024: The court dismissed the case against top managers of Tavrichesky Bank accused of embezzlement. The statute of limitations has expired

In October 2024, the court dismissed the case against former top managers of Tavrichesky Bank Sergei Somov and Dmitry Garkushi, accused of embezzlement. The reason is that the statute of limitations has expired.

According to the United Press Service of the Courts of St. Petersburg, the ex-chairman of the bank's board Sergei Somov and his deputy Dmitry Garkusha were presented with an episode of 166 million rubles with the assets of the Polymer shale plant. According to the prosecution, Somov and Garkusha organized a scheme for the fictitious sale of promissory notes, according to which the bank itself became their holder, accepting them as payment of debt.

2021

Additional issue for 1.6 billion rubles

In August 2021, the Bank of Russia agreed on an additional issue of shares in Tavrichesky Bank for 1.6 billion rubles. The papers will be placed in favor of the bank "International Financial Club" Mikhail Prokhorov and the family of Sergei Chemezov.

The amount of embezzlement of funds of depositors of Tavrichesky Bank approached 1 billion rubles

In early August 2021, it became known that the amount of theft of funds of depositors of Tavrichesky Bank approached 1 billion. rubles Among the accused are ex-member, of the Federation Council owner of the distillery of CJSC "" Livise Alexander Sabadash, as well as his accomplices from among the former leadership of the credit institution.

According to RAPSI in the United Press Service of the Courts (OPS) of St. Petersburg, investigators counted 16 episodes of the crime (there were 10 of them when charged), as a result of the implementation of which 952 million rubles were stolen. This was stated at a meeting to extend the preventive measure to one of the defendants in the form of detention - the former deputy chairman of the board of Tavrichesky Bank Dmitry Garkusha.

The accused in this case by the beginning of August 2021 are under arrest (having already served their sentences on previous charges) for about nine years, since law enforcement agencies entered the embezzlement scheme. In addition to Sabadash and Garkusha, the former chairman of the board of Tauride Bank Sergei Somov, as well as the former financier Sabadash Harry Itkin, who is on the international wanted list and is hiding abroad, are under investigation, the latter's case has been separated into a separate proceeding.

According to the investigation, the defendants issued non-refundable loans to Milan LLC on the basis of fictitious contracts allegedly related to legal entrepreneurial activities to import production equipment for the manufacture of molds for the production of glass bottles from a non-resident company Renaissance Premier S. A.^[3]

2020: Arrest of former top bank manager D.Garkushi

On July 31, 2020, the Smolninsky District Court arrested Dmitry Garkusha, former deputy chairman of the Tavrichesky Bank, until September 29. The top manager is suspected of 10 episodes of fraud. Garkusha was detained the day before, on the same day he was charged. The banker does not admit his guilt.

According to the investigation, no later than March 2013, at that time, the board of directors of the bank, Sergei Somov, agreed with his deputy Garkusha and accomplices to steal money through a withdrawal scheme for fictitious transactions. To do this, they attracted Milan LLC. A loan was issued for the purchase of imported molds on which bottles are made.

The money was withdrawn "acting by deception, through Garkusha, endowed with the authority to sign orders for the issuance of loans, loan agreements and other administrative documents, in the absence of a conclusion on the financial condition of the borrower and the decision of the bank's credit committee," the joint press service of the city courts said.

According to a similar scheme, Somov and Garkush, according to the joint venture, carried out 9 more transactions, in total they withdrew about 450 million rubles from the bank. Milan, according to the investigation, was affiliated with the Liviz distillery Alexander Sabadash.

2019: Office network includes 27 service points in St. Petersburg

Tavrichesky Bank is one of the largest universal banks in the North-West region of the country and is one of the TOP-100 banks in Russia in terms of net assets. The head office of Tavrichesky Bank is located in St. Petersburg, the office network includes 27 customer service points in St. Petersburg, a branch and 2 offices in Moscow, as well as 4 divisions in the cities of the North-West District: Sosnovy Bor, Kingisepp and Syktyvkar. Tavrichesky Bank (OJSC) positions itself as a universal credit and financial institution providing the widest possible range of banking services.

2015

The main shareholder of Bank "Tavrichesky" becomes JSCB "International Financial Club"

Since June 2015, the main shareholder of Tavrichesky Bank has been JSC AKB International Financial Club (IFC Bank).

35 billion rubles will be allocated for the reorganization of Tavrichesky Bank

According to February 2015, the Central Bank may announce the reorganization of Tavrichesky Bank and plans to allocate 35 billion rubles for these purposes, the Vedomosti newspaper writes, citing sources.

The largest creditor of the bank is Lenenergo, it contains the main accounts of the energy company, Lenenergo employees receive salaries on Tauride cards.

Earlier it was reported that the Bank of Moscow takes part in assessing the financial condition of Tauride. Bank card payments have been suspended.

1999

Since 1999, Tavrichesky has been a member of the international payment system MasterCard Worldwide and Visa International. The Bank pays special attention to the development of computer technologies that can increase the speed and reliability of operations, as well as provide customers with the opportunity to manage their account and work with the Bank without leaving the office. One of the strategically important areas of development is the improvement of the technical level of banking systems and the development on this basis of new modern forms of customer service, in particular, Internet banking, servicing client accounts using the remote access method, the introduction of various innovative services based on bank cards, etc.

1993: Establishing a bank

St. Petersburg Joint Stock Commercial Bank Tavrichesky was created in early 1993.