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Yugra seeks to join Prosecutor General’s Office to its dispute with Central Bank

15:20 15/08/2017

MOSCOW, August 15 (RAPSI) - Yugra bank, one of the top 30 banks, has asked the Moscow Commercial Court to join the Prosecutor General’s Office to its dispute with the Central Bank of Russia, RIA Novosti reported Tuesday.

On July 10, the Central Bank imposed temporary administration represented by the Deposit Insurance Agency (DIA) in the bank for six months and a three-month moratorium on creditor claims. The DIA was ordered to conduct Yugra’s status inquiry. The bank managers’ powers have been suspended for six months as well.

These measures were applied because of Yugra’s financial uncertainty and threat to interests of its creditors and depositors, according to the regulator.

Yugra has filed a motion to declare the Central Bank’s orders illegal.

The Prosecutor General’s Office challenged two Central Bank’s orders on Yugra on July 19. According to prosecutors, the warrants were issued unreasonably because the regulator had not revealed violations of statutory requirements by the bank during the checks and supervision.

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Yugra seeks to join Prosecutor General’s Office to its dispute with Central Bank

15:20 15/08/2017 Yugra bank, one of the top 30 banks, has asked the Moscow Commercial Court to join the Prosecutor General’s Office to its dispute with the Central Bank of Russia.
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