CB pulls Tuvacredit and Uralinkombank licenses

Urals Innovation Commercial Bank (Uralinkombank) and Tuvacredit have had their banking licenses lifted by Russia’s Central Bank (CBR) on Tuesday, the regulator said in a statement. ­Uralinkombank lost its license in line with the Federal Law on Insolvency (Bankruptcy) of Lending Institutions “due to the insolvency and depleted liquidity which prevented the bank from making […]