’s bankruptcy gets more apparent

30 October 2008 (08:28)

The media keep informing the public about’s possible bankruptcy.

UralBusinessConsulting Agency of Information and Analytics has already reported earlier that one of small-scale Yekaterinburg-based banks affected by the financial crisis might declare itself insolvent during the recess on November 5-6, 2008.

A number of the bank’s customers say the bank has already stopped all the payments involving legal entities’ accounts. The money in the private individuals’ accounts has been frozen for two weeks so far, which might mean is going through a technical failure that will probably result in an annulled license and going bust.

According to some sources, the bank’s management has already informed some of the customers that the bank might be unable to meet its liabilities.

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