Payments to depositors of Csobanka will begin no later than October 1

© RIA Novosti / Natalia to Seliverstova in photomontagist for Deposit insurance. Archival photoPayments to depositors of Csobanka will begin no later than October 1© RIA Novosti / Natalia to Seliverstova the image Bank

Payments to depositors lost their license Kostroma Csobanka will begin no later than October 1, reports the Agency on insurance of contributions (ASV).

«Payments will begin no later than 1 Oct 2018… For operational reception of statements of citizens and the fastest payments of compensation on deposits, the Agency intends to use the agent banks. In accordance with the decision of the Board of the Agency such agent banks will be selected on a competitive basis no later than September 21,» — said in the message.

The Bank of Russia from September 17 revoked the license of Csobanka in connection with default by Bank of requirements of the legislation of the Russian Federation and normative acts of the Central Bank, as well as taking into account the presence of real threat to interests of creditors and depositors.

According to the regulator, the business model of Csobanka was pronounced captive; its main activity was the financing of wholesale and retail entities associated with the business owner. This is actually the only source of funding data investment Bank was raised from the public funds.

By total assets, according to Central Bank data, the Bank on September 1, took the 285-th place in the Russian banking system.

Payments to depositors of Csobanka will begin no later than October 1Go to fotobanka.cz the licenses of banks of Russia

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