Troika-D Bank

TROIKA-D BANK closed joint stock company has been operating on the Russian market since 2002.

Authorized capital 1 174 000 000 RUB

2023: Sentence to former bank executives - 7 years in prison

On August 9, 2023, the Zamoskvoretsky District Court of Moscow found guilty of embezzlement of funds from Troika-D Bank JSC by former chairmen of the bank's board Andrei Filimonov and Konstantin Babunov and a representative of the borrower of the credit institution Pyotr Demenkov. Both former heads of the bank were sentenced to 7 years in prison, and their accomplice was sentenced to 6 years. Read more here.

2020: Bank co-owner Jomart Ertaev sentenced to 11 years in prison

In November 2020, the co-owner of Troika D Bank, Zhomart Ertaev, was sentenced to 11 years in prison in Kazakhstan. More than 59 billion tenge ($137 million) is collected from it. Ertaev, as an adviser to the RBK bank board, planned and organized schemes to steal the bank's money by issuing deliberately illegal and irrevocable loans.

2019: License Revocation

In April 2019, the Central Bank revoked Troika-D Bank's licenses for banking operations and professional activities in the securities market. In terms of assets, the credit institution ranked 185th in the banking system of Russia.

The Bank of Russia made such a decision in accordance with paragraph 6. 6.1 of Part One of Art. 20 of the Federal Law "On Banks and Banking Activities," guided by the fact that TROIKA-D BANK violated the laws and regulations of the Bank of Russia in the field of countering the legalization (laundering) of proceeds from crime and the financing of terrorism.

The credit institution did not ensure timely submission to the authorized body of reliable information on operations subject to mandatory control; systematically underestimated the amount of reserves necessary for the formation, and also overestimated the value of property in order to improve financial performance and hide its real financial situation. According to the Bank of Russia's assessment, an adequate reflection in the financial statements of a credit institution of accepted credit risks and the value of property leads to a significant (more than 40%) decrease in its capital and, as a result, to the emergence of grounds for the implementation of measures to prevent insolvency (bankruptcy), which poses a real threat to the interests of creditors and depositors; carried out "circuit" operations to artificially maintain capital for formal compliance with mandatory standards; repeatedly violated the restrictions on the implementation of certain operations imposed by the supervisory authority in order to protect the interests of depositors; violated federal laws regulating banking activities, as well as Bank of Russia regulations, in connection with which the regulator has repeatedly applied measures to it over the past 12 months, including twice imposing restrictions on attracting funds from individuals.

In the activities of TROIKA-D BANK, there were unfair actions to withdraw assets with damage to the interests of creditors and depositors. Information about transactions carried out by the bank that have signs of committing criminal offenses was repeatedly sent by the Bank of Russia to law enforcement agencies.

The Bank of Russia also revoked the license to conduct TROIKA-D BANK professional activities on the securities market.

TROIKA-D BANK has appointed a temporary administration of the Bank of Russia, which will be valid until the appointment of a bankruptcy trustee or liquidator. The powers of the executive bodies of the credit institution in accordance with federal laws have been suspended.

Information for depositors: TROIKA-D BANK is a member of the deposit insurance system, so deposit amounts will be returned to depositors in the amount of 100% balance of funds, but not more than 1.4 million rubles in total per depositor (including accrued interest on deposits).