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Russia appoints temporary administration to Bank Yugra
July 10, 2017 / 6:56 AM / 2 months ago

Russia appoints temporary administration to Bank Yugra

MOSCOW, July 10 (Reuters) - Russia’s central bank said on Monday it had introduced temporary administration in mid-sized Bank Yugra for six months and imposed a three-month moratorium on creditor claims to the bank.

Yugra’s financial position is not stable and presents risks to its creditors and depositors, the central bank said in a statement.

Reporting by Katya Golubkova; Writing by Dmitry Solovyov; Editing by Andrey Ostroukh

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