On February 15, the Bank of Russia revoked Kapitalbank‘s license to carry out banking operations. It was reported that the bank has not complied with the laws and banking regulations defined in the central bank‘s regulatory requirements.
Russia’s central bank also stated that Kapitalbank engaged in highly risky lending policies relating to fund investing in low-quality assets.
Lithuanian shareholders in the bank include Valery Vorobjovas and Egidijus Bujanauskas who each have 10% shardholding and Vytautas Bėkšta with an 8.2% stake, reports izvestija.ru.
Bankir.ru notes that Russian bankruptcy law states that a copy of the Bank of Russia order on the organization‘s banking operations license termination should be provided together with the credit organization’s statement for bankruptcy.
The Arbitration court said that Kapitalbank had not provided the proof of termination of the banking operation‘s license and so proceedings were adjourned.
DELFI
On March 31 morning, Minister of National Defence Dovilė Šakalienė announced that an M88 armoured…
I admit it: I’m not that type of person who follows domestic and international politics…
While Prime Minister Gintautas Paluckas does not take issue with the statements made by the…
Lithuanian economists are surprised to see our country's economic growth: the Estonian economy has been…
"The fate of Nemuno Aušra (Dawn of Nemunas) in the coalition has been decided; they…
Airvolve, a Lithuanian dual-purpose aeronautics company, has successfully completed its first round of testing and…
