Press review: Macron’s 'independent policy' display and MC-21’s maiden flight to successPress Review May 29, 13:00
Tefft confirms Huntsman may soon replace him as US ambassador to RussiaWorld May 29, 12:17
Le Pen says Putin’s visit to France will bolster relations between countriesWorld May 29, 12:13
Russia to respond to diplomats’ expulsion from Estonia on tit-for-tat basisRussian Politics & Diplomacy May 29, 11:49
French minister comments on Macron-Putin talksWorld May 29, 11:15
Russia condemns North Korea’s new missile testRussian Politics & Diplomacy May 29, 10:17
Trump’s administration seeks to restart Ukraine peace process — mediaWorld May 29, 9:38
WannaCry ransomware may be authored by hackers from Southern China — mediaWorld May 29, 8:58
Russia’s Eastern Military District receives new shipment of Terminator helicoptersMilitary & Defense May 29, 8:18
MOSCOW, December 04. /ITAR-TASS/. Sberbank (savings bank) of Russia and VTB-24 (foreign trade bank) begin to pay insurance indemnities to Master Bank depositors on Wednesday. The procdure will continue until December 4, 2014.
In accordance with the Federal Law "On the Insurance of Deposits by Natural Persons at the Banks of the Russian Federation", each depositor will get 100% of resources deposited with the bank if their aggregate amount does not exceed 700,000 rubles.
About 144,500 Master Bank depositors may apply for insurance indemnity for a total of about 31.2 billion rubles ($937.5 million), according to the Deposits Insurance Agency.
The CBR moved to recall the license citing Master Bank's large-scale suspicious operations and the failure to abide by the federal laws on banking and combating money laundering and terrorism. "The revocation of the license is pursuant to the CBR's policy to remove from the market of banking serves the loan institutions involved in illegal activates, violating banking legislation, distorting information about their financial position and creating a real threat to the depositors and creditors' interests," the regulator said in a press release November 20.
An interim administration has been appointed to Master Bank and the powers of its executive bodies have been suspended in accordance with federal legislation.