The Central Bank of the Russian Federation revoked the license of the Tavrichesky Bank

The Central Bank of Russia has revoked the license of Tavrichesky Bank due to the bank's complete loss of equity. This was reported on the Central Bank's website on September 3.

"Due to the lack of prospects for further implementation of the rehabilitation model, the Board of Directors of the Bank of Russia decided to terminate the Plan of Participation of the state Corporation Deposit Insurance Agency in the implementation of measures to prevent the bankruptcy of Tavrichesky Bank (joint stock company)," the Bank of Russia said in a statement.

The news is being updated