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

Green jobs the key to a sustainable economy

The EU needs a strategy by 2011 to encourage the creation of green jobs, says a draft resolution by the Employment and Social Affairs Committee that was adopted on Wednesday. more »

Gas supply crises: better protection for householders

Householders should not have to go without gas due to a gas-supply crisis, and such crises should be better managed, thanks to EU-wide co-ordination procedures and interconnection requirements laid down in draft legislation agreed informally with the Council at the end of June and approved by the Industry Committee on Tuesday. more »

Estonia joins the euro-family

Today the Council has taken the formal decision which will pave the way for the introduction of the euro in Estonia as of 1 January 2011 and will become the 17th European Union country to share the euro currency. more »

Deposit guarantee schemes – part 2

Proposals to improve protection for bank account holders and retail investors, and set up similar schemes for insurance policies. more »

Greener, more competitive farming after 2013

How should the EU's farm policy be reshaped and how should it be funded after 2013? more »

European Parliament ushers in a new era for bankers' bonuses

MEPs on Wednesday approved some of the strictest rules in the world on bankers' bonuses. more »

The European Parliament's position on financial supervision

Long before the financial crisis the European Parliament regularly pointed out the significant failures in the EU’s supervision of ever more integrated financial markets. more »

Magnetic Europe: Big plans for tourism industry

New strategy for stimulating tourism in Europe – to realise the full potential of an industry that already plays an important role in the economy. more »

Commission gives details of who received EU funds in 2009

The European Commission has disclosed who in 2009 received EU funds in policy areas like research, education and culture, energy and transport or external aid. more »

€ 30 million EU support for the promotion of agricultural products

The European Commission has approved 19 programmes in 14 Member States (Austria, Belgium, Czech Republic, Denmark, Germany, France, Greece, Italy, Ireland, the Netherlands, Poland, Slovenia, Spain and the United Kingdom) to provide information on and to promote agricultural products in the European Union. more »