Bank of Russia closes more small banks

elvira-nabiullina
Governor Elvira Nabiullina: nearly 70 banks have been closed since her appointment
Source: Kremlin

Russia's central bank announced today (January 23) that it is closing three more commercial banks, in addition to the three it shut over the last four weeks.

The Bank of Russia said it had closed some of the six banks for failing to hold sufficient liquid assets or meet reporting requirements; others due to breaches of anti-money laundering and countering the financing of terrorism (AML/CFT) regulations.

The three to close are Siberian Bank Sirius, joint-stock commercial bank Novatsiya and

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