Russian central bank revokes licenses of 2 banks
Russian central bank revokes licenses of 2 banks
Published: 02:03 pm Feb 08, 2016
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MOSCOW: Russian Central Bank has withdrawn the licenses from two of the country's banks as part of a larger effort to consolidate the banking sector. The Central Bank announced on Monday that it has revoked Interkommerzbank's license. It said there was a significant imbalance between the assets and liabilities of the country's 67th largest bank. It also withdrew the license of the country's 186th largest bank, Alta Bank.