Bank "Ugra" is deprived of a license

The Central Bank withdrew the license at the Ugra commercial bank. The corresponding message is placed on the regulator website.

On July 10, a temporary administration was introduced in Ugra by the decision of the Central Bank for six months. The regulator called the reasons for his decision the “unstable financial situation” of the bank and the threat to the interests of its creditors and depositors. The Ugra Office was entrusted with the deposit insurance agency. Then a three -month moratorium was introduced for payments to bank creditors.

It was noted that the collapse of the Ugra was the largest insured event in the history of the Russian banking industry. The regulator estimated the debts of the bank at about 170 billion rubles. At the same time, the Central Bank officials stated that 45 billion rubles were withdrawn from Ugra in a month: if as of June 1, 47 billion rubles were stored in the bank’s accounts, then only 2.2 billion on July 1.

Later, on the 10th, the deputy chairman of the Central Bank Vasily Pozdyshev announced his intention to appeal to law enforcement agencies in connection with the activities of Ugra.

Meanwhile, the Bank President Alexei Nefedov accusations of illegally withdrawal of assets rejected. “All raised funds were invested in the company of various market sectors in the Russian Federation,” he assured. “As for the reporting of the bank that was provided to the regulator, it complies with the established standards of Russian and international financial statements. All standards and capital requirements are fulfilled in full, the bank has the necessary liquidity.”

On July 19, the Prosecutor General’s Office demanded that the Central Bank cancel orders on the introduction of the Provisional Administration in Ugra and the Moratorial for payments to creditors. According to the supervisory authority, these orders were published "unreasonably", since "Ugra" "is a financially stable credit institution, has the necessary supply of liquidity, has a sufficient amount of funds to carry out activities."

The introduction of the Provisional Administration, the Prosecutor General’s Office emphasized, will entail 170-billion damage to the budget, "will reduce the availability of lending to small and medium-sized businesses, accelerate the inflationary processes and worsen the investment climate in the country."

As noted, this was the first time that the Prosecutor General’s Office protested the supervisory measures of the Central Bank against the bank.

On July 21, the regulator sent documents to the supervisory authority , which justified his actions.

On the 24th, Ugra filed a lawsuit against the Central Bank to the Arbitration Court.