Payments to depositors of «ivy Bank» will begin no later than 13 June

© RIA Novosti / Natalia to Seliverstova in photomontagist for Deposit insurance. Archival photoPayments to depositors of «ivy Bank» will begin no later than 13 June© RIA Novosti / Natalia to Seliverstova the image Bank

Payments to depositors of the Moscow «ivy Bank», which RF Central Bank on Monday revoked the license, will begin no later than June 13, reported the Agency on insurance of contributions (ASV).

«Payments will begin no later than 13 June 2017… For operational reception of statements of citizens and the fastest payments of compensation on deposits DIA intends to use the agent banks. In accordance with the decision of the Board of DIA, such agent banks will be selected on a competitive basis no later than 2 June 2017», — stated in the message.

Of the Central Bank from may 29, withdrew the license at «ivy Bank» in connection with default by the credit organisation of the Federal laws regulating Bank activity, and statutory acts of Bank of Russia. In addition, the regulator took into account the presence of real threat to interests of creditors and depositors.

As reported by CBR, the business model of «ivy Bank» was pronounced captive in nature and largely focused on lending to high-risk borrowers, directly or indirectly, the ultimate beneficiaries of the credit institution.

Committed credit institution operations and the transaction resulted in the Bank’s activity grounds for implementation of measures on prevention of insolvency (bankruptcy) and has created real threat to interests of its creditors and depositors, says the regulator.

«Ivy Bank» is the participant of system of insurance of contributions. By total assets, according to Central Bank data, the Bank on may 1, 2017 432 took place in the banking system of the Russian Federation.

Payments to depositors of «ivy Bank» will begin no later than 13 JuneReviews of licenses of banks of Russia

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