Russian Central Bank shuts down 9 Ukrainian banks in Crimea
MOSCOW. May 26 (Interfax) - The Central Bank of Russia has ordered the Crimean affiliates of nine Ukrainian banks to cease operations, the Central Bank said in a press release.
The banks affected are: Oshchadbank, Marfin Bank, Ukrsotsbank, UkrSibbank, Delta Bank (Kyiv), CityCommerce Bank, Forum Bank (Kyiv), AvtoKrazBank and Platinum Bank.
"The decision on the termination of the activities of the Ukrainian banks' divisions was prompted primarily by the task to protect the interests of depositors and customers whose legitimate rights had been violated, including as a result of the actual termination of work of these banks' divisions in the Republic of Crimea and the federal city of Sevastopol, as well as the lack of prospects for resuming their activities. As a result, there was not any other opportunity to ensure an effective protection of the rights of depositors and customers of these banks living (engaged in economic activities) on the said territories, except for terminating the activities of the banks' divisions," the bank said.
"In accordance with Article 7 of Federal Law No. 39-FZ, the Bank of Russia notified the autonomous non-profit organization Depositor Protection Fund about the grounds to acquire by the latter the rights to (claims on) deposits placed with structural divisions of the aforementioned banks," the press release says.
