"Over a long period of time, the Bank's activities have been characterized by low asset quality, inefficient business model and chronic loss-making," the regulator said in a statement.
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The bank is a participant in the deposit insurance program, its clients can return up to 1.4 million rubles of funds from their accounts. The temporary manager, the Deposit Insurance Agency, will notify them about the payment deadlines.
According to the Bank.<url>, BKF has already become the fifth credit institution this year to have its license revoked. It was lost by KIWI (we talked about this in February), Hephaestus Bank, Strela Bank and Avtogradbank. J&T and American Express Bank were liquidated in the summer of 2024 by the decision of the owner.
