January 30, 2015 1:06 AM ET

Company Overview of Deposit Insurance Agency

Company Overview

Deposit Insurance Agency is based in Russian Federation.

Verkhnyi Taganskyi Tupik, 4

Moscow,  109240




Key Executives for Deposit Insurance Agency

Deposit Insurance Agency does not have any Key Executives recorded.

Deposit Insurance Agency Key Developments

Deposit Insurance Agency Seeks To Sell Uralincombank's assets

Deposit Insurance Agency announced an electronic auction to sell the property of Urals Innovation Commercial Bank Uralinkombank Limited Liability Company by means of a public offer, Deposit Insurance Agency informed. The auction will be held on the CJSC United Trading Platform (www. utpl.ru) from January 12 to March 26, 2015. Applications for bidding will be accepted starting November 26, 2014. Applications and bid bonds will be accepted until 5 calendar days prior to the end of the price lowering period for the lots.

Expression Of Interest Deadline For Jugobanka Jugbanka Extended

Deposit Insurance Agency (DIA) had extended the deadline for filing expressions of interest for the sale of no less than 61.25% stake of Jugobanka Jugbanka a.d. Kosovska Mitrovica until October 24, 2014 from October 3, 2014.

OJSC AF Bank Files Request with National Bank of the Republic of Bashkortostan, Central Bank of Russia and Russian State Corporation Deposit Insurance Agency to Consider Implementing Measures to Prevent the Bankruptcy of the Bank

OJSC AF Bank has filed a request with the National Bank of the Republic of Bashkortostan for the regulator, the Central Bank of Russia and the Russian State Corporation Deposit Insurance Agency to consider implementing measures to prevent the bankruptcy of the bank. As disclosed in the company's information memorandum dated February 14, 2014, the bank has faced challenges satisfying its capital adequacy and liquidity requirements. The Regulator continues to monitor the Bank closely and to issue orders for the Bank to take measures to create provisions in its accounts for non-performing loans and other impaired assets and increase its equity capital. As a result of the creation of provisions (most recently the creation of provisions in the amount of RUB 639.7 million on 5 March 2014) and a significant decrease in its equity capital - accompanied by an increasing outflow of deposits from corporate and individual depositors-the Bank's capacity to operate and to perform its liabilities in a timely manner has become considerably impaired. The company is of the view that, in the current circumstances, the Regulator has the power to intervene to prevent the bankruptcy of the Bank pursuant to the Russian federal laws applicable to the bankruptcy of credit institutions and, accordingly, the Regulator could as a matter of Russian federal law take steps to revoke the Bank's operating license, which could potentially result in the Bank being subject to bankruptcy proceedings.

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