Guta Bank suspends operations

Published: 7 July 2004 y., Wednesday
Russian Guta Bank is temporary unable to take money on deposit from individuals and make payments from such deposits, according to a notice posted on the doors of several of the bank’s offices. The situation at Guta Bank was discussed at a meeting of the Moscow Main Territorial Department of the Central Bank of Russia on Tuesday. Guta Bank’s press service refused to comment on the issue, saying that the bank’s official position would be announced later. A number of the bank’s clients said they could not make the necessary payments, Echo of Moscow radio reported. According to the radio station, the depositors cannot get access to their accounts using the Telebank and Teleinfo systems. The wave of distrust toward the bank was triggered by media reports about document seizures at the bank, the Novye Izvestia newspaper says. According to some reports, Guta Bank has been concealing some interbank payments since July 1, and since July 5, the bank’s clients have had problems withdrawing their money through ATM machines. According to Novye Izvestia, several of Guta Bank’s key partners, including Vneshtorgbank, Alfa Bank, MDM Bank and the Bank of Moscow, refused to provide loans to Guta Bank at the end of last week. Guta Bank is one of Russia’s 15 largest banks in terms of capital, and one of the country’s 20 top banks in terms of assets. Its authorized capital was RUR 3.357bn (about $115.76m) as of March 2004.
Šaltinis: rbcnews.com
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.

Facebook Comments

New comment


Captcha

Associated articles

The most popular articles

AB Bank SNORAS increases the capital amounting to LTL 72.5 million

On 31 August 2009 in a non-public way AB Bank SNORAS issued the emission of perpetual debt securities included into the bank capital amounting to LTL 72.5 million. more »

EU invests €6.8m for academic cooperation with industrialised countries in North America

The European Commission, through its longstanding cooperation with the US and Canada, announces the launch of 33 new and innovative projects involving universities and training institutions on both sides of the Atlantic. more »

The European Commission and the cosmetic industry match research funds to develop alternative solutions to animal testing

Today at the VII World Congress on Alternatives and Animal Use in the Life Sciences in Rome, the European Commission and the European cosmetic industry presented their joint financial effort for research into alternative safety testing methods. more »

SEB Bank invests LTL 4.6 million in to faster data transmission technologies

SEB Bank, the largest bank in Lithuania, invests almost LTL 4.6 million in to the upgrade of its data transmission network. more »

World Bank Supports Further Improvement of Rural Road Network in Armenia (39280)

The World Bank’s Board of Executive Directors today approved a credit of US$ 36.6 million equivalent of additional financing for the Lifeline Road Improvement Project for Armenia. more »

IMF Completes First Review Under Stand-By Arrangement with Latvia and Approves €195.2 Million Disbursement

The Executive Board of the International Monetary Fund (IMF) today completed the first review of Latvia's performance under an economic program supported by a 27-month Stand-By Arrangement. more »

Commission approves the restructuring of Austrian Airlines

The Commission has today decided to close the formal investigation procedure into the privatisation and restructuring of Austrian Airlines concluding that the restructuring following its sale to Lufthansa is compatible with community law. more »

Wall Street applauds Bernanke

Ben Bernanke's reappointment as head of the Federal Reserve did not come as a surprise, but Wall Street still responded with the proverbial thumbs up. more »

Statistics on hotels in Lithania

Over I half-year 2009 accommodation establishments had by 22 per cent less guests. more »

Carbon fund set up by EBRD and EIB in 1st Russian venture

In the first such transaction in Russia, carbon credits generated by utilising gas which would otherwise be flared at an oilfield in eastern Siberia are to be purchased through a carbon fund set up by the EBRD and the European Investment Bank (EIB), the Multilateral Carbon Credit Fund (MCCF). more »