Bank VEFK-Ural’s license revoked

20 February 2009 (07:22)

The Bank of Russia’s PR Department reports that due to Yekaterinburg-based East European Financial Corporation –Ural Bank’s (Bank VEFK-Ural) inability to meet its creditors’ financial claims, the bank’s license was revoked on February 19, 2009. The decision was taken on the basis of Articles 19 and 20 (part 2, paragraph 4) of the Federal Bill on Banks and Banking Activity and supported by Article 74 (part 3) of the Federal Bill on the Central Bank of the Russian Federation (the Bank of Russia). Bank VEFK-Ural’s license was revoked by order OD 149 as of February 18, 2009. The bank was registered with the Bank of Russia under file number 2223 on December 12, 1992.

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