Fri, 4 July
20.1 C
Yerevan
USD: 384.46 RUB: 4.89 EUR: 453.47 GEL: 141.43 GBP: 525.21

Almost 200 Russian banks being liquidated today, Deposit Insurance Agency says

YEREVAN, July 3. /ARKA/. About 200 Russian banks are currently in the liquidation phase, Deposit Insurance Agency of the Russian Federation told “Rosiyskaya Gazeta”.

Total amount of insurance compensations since the beginning of the year is now 120 billion rubles, according to the report.

Most part of creditors are not getting their money back fully due to poor assets level in the banks. Reporting fraud and stealing makes almost 87% there. Practically each case of liquidation leads to opening of a criminal case, the Agency says.
About one and a half years ago, the central bank projected in its stress test that if oil price dropped to 60 dollars per barrel and the GDP fell by 7%, then credit organizations would lose their profits, the newspaper says. –0—

spot_img

POPULAR

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Ranking of Armenia’s most profitable banks in 2024

ARKA news agency has released a ranking of the most profitable commercial banks in Armenia in 2024.

Citizens fallen victim to fraudsters in Armenia will have their interest rates reset to zero

The Armenian Ministry of Internal Affairs held intensive discussions with representatives of the office of Deputy Prime Minister Mher Grigoryan, the Investigative Committee, and the Central Bank to resolve the problem of citizens affected by cybercrime.

Arka news agency’s ranking of most profitable Armenian banks in 2019

In 2019, Armenia-based commercial banks earned a total of 78.8 billion drams in net profit, up from 56.4 billion drams they had earned in 2018, according to ARKA news agency's ranking of the most profitable commercial banks in the fourth quarter of 2019

LATEST NEWS

spot_imgspot_imgspot_img