The arbitration court decided to forcibly liquidate Qiwi Bank. The Bank of Russia filed a complaint in this regard in March. The compulsory liquidation procedure in this case applies to an organization whose license has been revoked, but which shows no signs of bankruptcy, explained the Deposit Insurance Agency (DIA).
Join
The Moscow Arbitration Court decided to initiate the forced liquidation of Qiwi Bank. DIA was named liquidator, the agency said in a statement.
The forced liquidation decision is made when a credit institution has had its license revoked but shows no signs of bankruptcy, the DIA said.
Qiwi Bank is being liquidated following a claim by the Bank of Russia, which it filed on March 17. The substance of the claim was not disclosed at the time.
The Central Bank of the Russian Federation revoked Qiwi Bank’s license on February 21. A temporary management procedure was introduced by the DIA in relation to the organization. Previously, the agency reported on compensation to Qiwi Bank depositors for 75% of the insurance liability, estimated at 4.3 billion rubles.
On April 10, Qiwi Group announced that it would continue to operate despite the revocation of the license of Qiwi Bank, which was the core of its business.
Author:
Kirill Bilyk
Source: RB
I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.
