Banking licence of Bank PTB (LLC) revoked
By its Order No. OD-663, dated 15 April 2025, the Bank of Russia revoked the banking licence of Ufa-based PromTransBank (Limited liability company) or Bank PTB (LLC) (Registration No. 2638). The credit institution ranked 177th by assets in the Russian banking system.1
The Bank of Russia made this decision in accordance with Clauses 6 and 6.1 of Part 1 of Article 20 of the Federal Law ‘On Banks and Banking Activities’,2 based on the facts that Bank PTB (LLC):
- violated federal banking laws and Bank of Russia regulations, due to which the regulator repeatedly applied measures against it over the past 12 months, including restrictions on household deposit-taking;3 and
- failed to comply with the laws on countering the legalisation (laundering) of criminally obtained incomes and the financing of terrorism.
The credit institution was persistently loss-making. Bank PTB (LLC) made large long-term investments, whose returns did not cover expenses on borrowed funds. This systematically reduced the capital amount during a lengthy period. The measures taken by the bank owner to restore its financial soundness were insufficient. The owner was unable to provide further financial support.
The bank provided services to the clients involved in large suspicious transactions aimed at siphoning money to the shadow economy. Furthermore, the credit institution committed numerous AML/CFT violations detected by the Bank of Russia both in the course of its off-site supervision and on-site inspections.
The Bank of Russia also cancelled Bank PTB (LLC)’s professional securities market participant licence.
By its Order No. OD-664, dated 15 April 2025, the Bank of Russia appointed State Corporation Deposit Insurance Agency (DIA.RF) as a provisional administration to manage the credit institution. The provisional administrator will exercise its functions until a receiver4 or a liquidator5 is appointed. In accordance with federal laws, the powers of the credit institution’s executive bodies were suspended.
Information for depositors: Bank PTB (LLC) is a participant in the deposit insurance system; therefore, its depositors 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’.
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 According to the financial statements as of 1 April 2025.
2 The Bank of Russia made this decision due to the credit institution’s failure to comply with federal banking laws and Bank of Russia regulations, repeated violations within one year of the requirements stipulated by Articles 6, 7 (excluding Clause 3 of Article 7), 7.2, Clause 5 and Paragraph 1 of Clause 8 of Article 7.7 of the Federal Law ‘On Countering the Legalisation (Laundering) of Criminally Obtained Incomes and the Financing of Terrorism’ as well as the requirements of Bank of Russia regulations released in accordance with this Federal Law, taking into account repeated application within one year of the measures stipulated by the Federal Law ‘On the Central Bank of the Russian Federation (Bank of Russia)’.
3 A depositor is a citizen of the Russian Federation, a foreign citizen, a person without citizenship, including those engaged in entrepreneurial activities, lawyers, notaries, and other individuals who opened bank accounts (deposits) to carry out professional activities stipulated by the relevant federal law, or a legal entity specified in Article 5.1 of the Federal Law ‘On the Insurance of Deposits with Russian Banks’ which concluded a bank deposit/account agreement with a bank, or any of the above mentioned persons in whose favour the deposit was made and/or who is the holder of a savings certificate or the owner of a special account (special deposit) intended to form and use the assets of the fund of capital repairs of common property in an apartment building opened in accordance with the requirements of the Housing Code of the Russian Federation.
4 In accordance with Articles 127 and 189.68 of the Federal Law ‘On Insolvency (Bankruptcy)’.
5 In accordance with Article 23.1 of the Federal Law ‘On Banks and Banking Activities’.
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