Bank of Russia takes over major commercial bank

Deputy governor says there is evidence of “misleading” reporting from Bank Jugra


The Bank of Russia has taken control of major lender Bank Jugra, after it was deemed a “threat” to both its creditors and depositors.

A statement published by the central bank on July 10 says the Deposit Insurance Agency has been placed in charge of the institution, which is the thirtieth largest bank in Russia in terms of assets. The agency will now manage the bank for six months.

During this period, the powers of the shareholders and managing bodies in terms of authorising capital are

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account