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Bank of Russia revokes license of Barnaul-based Zernobank

September 24, 2015, 6:31 UTC+3

Zernobank is a participant in the deposit insurance system

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MOSCOW, September 24. /TASS/. Banks of Russia has revoked the banking license of the Barnaul-based Zernobank FROM September 24, the Bank of Russia said on Thursday.

The Bank of Russia explained its decision by the credit organization’s non-fulfilment of federal laws regulating banking activities and normative acts of the Bank of Russia, which pose real risks to creditors and clients.

Zernobank is a participant in the deposit insurance system.

According to its accounting reports, as of September 1, 2015, the bank was ranked 392nd in terms of bank assets.

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