Banking licence of Tavrichesky Bank (JSC) revoked
Due to the absence of any prospects for further implementation of financial resolution measures, the Bank of Russia Board of Directors decided to terminate the plan of State Corporation Deposit Insurance Agency’s (hereinafter, DIA.RF) participation in bankruptcy prevention measures for Tavrichesky Bank (joint-stock company) (hereinafter, Tavrichesky Bank (JSC).
Under these circumstances, in accordance with Clauses 1 and 2 of Part 2 of Article 20 of the Federal Law ‘On Banks and Banking Activities’, the Bank of Russia was obliged to revoke the banking licence of Tavrichesky Bank (JSC) (Registration No. 2304, Saint Petersburg) because of a full loss of equity capital by the credit institution.1 A decision to this effect was made in accordance with Bank of Russia Order No. OD‑1919, dated 3 September 2025.
The credit institution ranked 60th by assets in the Russian banking system.2
By its Order No. OD‑1920, dated 3 September 2025, the Bank of Russia appointed DIA.RF to exercise the functions of a provisional administrator to manage Tavrichesky Bank (JSC). The provisional administrator will exercise its functions until a receiver3 or a liquidator4 is appointed. In accordance with federal laws, the powers of the credit institution’s executive bodies were suspended.
Information for depositors: Tavrichesky Bank (JSC) is a participant in the deposit insurance system; therefore, its depositors5 will be compensated for their deposits in the amount of 100% of the balance of funds, but no more than a total of ₽1.4 million per depositor (including interest accrued), taking into account the conditions stipulated by Chapter 2.1 of the Federal Law ‘On the Insurance of Deposits with Russian Banks’.
According to the Bank of Russia’s preliminary estimate, claims of the first- and second-priority creditors can be satisfied in full after the sale of the bank’s assets in the course of liquidation procedures.
Deposits are to be repaid by DIA.RF. Depositors may obtain detailed information regarding the repayment procedure 24/7 at DIA.RF’s hotline
1 The Bank of Russia made this decision because of the credit institution’s equity capital adequacy ratios below two per cent, decrease in the equity capital below the minimum value of the authorised capital established as of the date of the state registration of the credit institution.
2 According to the financial statements as of 1 August 2025.
3 In accordance with Articles 127 and 189.68 of the Federal Law ‘On Insolvency (Bankruptcy)’.
4 In accordance with Article 23.1 of the Federal Law ‘On Banks and Banking Activities’.
5 Depositor is a citizen of the Russian Federation, foreign citizen or person without citizenship, including those engaged in entrepreneurial activity, lawyers, notaries and other individuals who opened bank accounts (deposits) to carry out professional activities, or a legal entity specified in Article 5.1 of the Federal Law ‘On the Insurance of Deposits with Russian Banks’ which concluded a deposit/account agreement with a bank, or any of the above mentioned persons on behalf of whom the deposit was made and/or who is the holder of a savings certificate, or an owner of a special account (special deposit) intended to form and use the fund of capital repairs of common property in an apartment house opened in accordance with the requirements of the Housing Code of the Russian Federation.
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03.09.2025 08.40.00