Navigation * Home / News / Russian bank closes its doors ---------------------------------------------------------------------------------------------------- Russian bank closes its doors Reuters ---------------------------------------------------------------------------------------------------- Guta-Bank, one of Russia's 20 largest banks, was unable to pay out to private depositors on Thursday in a further sign of instability in the country's banking sector. "Due to an outflow of funds in June exceeding 10bn roubles (£188m) and a significant increase in payments in July, Guta-Bank is unable to carry out current payments and complete payments on deposits," read a note tacked to the door of a Moscow city centre branch. The banking community was shaken last month by the closure of two small banks, one put into liquidation by the central bank on suspicion of money laundering and another after a run by depositors. The central bank plans to boost the banking sector's stability by launching a system of deposit insurance, to qualify for which banks must report their true shareholder structure and financial data to international standards.
|
|
-------------------------------------- Guta-Bank is unable to carry out current payments and complete payments on deposits. --------------------------------------
|