Bank Universal loses license

30 October 2009 (08:39)

The Bank of Russia’s PR Department reports the license of Universal Commercial Bank (OOO KB Universal, Pervouralsk, Sverdlovsk Region) was declared invalid because Universal had failed to comply with the federal banking legislation and with the Bank of Russia’s normative acts. What is more, the bank wasn’t able to meet its creditors’ money claims or to make any obligatory payments.


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