aA
Bank Kapitalbank managed by Lithuanian and Latvian investors in the Rostov region of Russia have submitted a bankruptcy notice to the Arbitration Court. However, the application was adjourned until mid-March.
Kapitalbank
Kapitalbank

On February 15, the Bank of Russia revoked Kapitalbank‘s license to carry out banking operations. It was reported that the bank has not complied with the laws and banking regulations defined in the central bank‘s regulatory requirements.

Russia’s central bank also stated that Kapitalbank engaged in highly risky lending policies relating to fund investing in low-quality assets.

Lithuanian shareholders in the bank include Valery Vorobjovas and Egidijus Bujanauskas who each have 10% shardholding and Vytautas Bėkšta with an 8.2% stake, reports izvestija.ru.

Bankir.ru notes that Russian bankruptcy law states that a copy of the Bank of Russia order on the organization‘s banking operations license termination should be provided together with the credit organization's statement for bankruptcy.

The Arbitration court said that Kapitalbank had not provided the proof of termination of the banking operation‘s license and so proceedings were adjourned.

DELFI

|Populiariausi straipsniai ir video

Landsberis: responsible parties could form coalition after election

Gabrielius Landsberis, leader of the opposition conservative Homeland Union – Lithuanian Christian...

Lithuania awards ex-Pentagon chief Mattis

Lithuanian President Gitanas Nauseda awarded 34 Lithuanian and foreign nationals for their merits to...

Google presented Lithuanian initiative to world

The Internet giant Google has presented its video about Debunk EU during the Google News...

Lithuania names motorway to Latvia after Baltic Way

The Lithuanian government decided to name the motorway from Vilnius to the border of Latvia "the...

Interior Minister disqualifies herself from decisions on EU funding

Lithuania's Interior Minister Rita Tamasuniene has disqualified herself from any decision-making...

Top news

Landsberis: responsible parties could form coalition after election

Gabrielius Landsberis, leader of the opposition conservative Homeland Union – Lithuanian Christian...

Top court finds restrictions on waste-to-energy plants unconstitutional

The 2018 amendments to Lithuania's Law on Waste Management that imposed a ban on building...

Ex-Pentagon chief Mattis awarded by president

Lithuanian President Gitanas Nauseda awarded 34 Lithuanian and foreign nationals for their merits to...

Lidl gives up plastic bags in Lithuania (1)

The German retail chan Lidl has given up plastic bags in Lithuania. Other major retailers say they...

Google presented Lithuanian initiative to world

The Internet giant Google has presented its video about Debunk EU during the Google News...

|Maža didelių žinių kaina