Overview

• The Arbitration Court of St. Petersburg and the Leningrad Region granted the Bank of Russia’s petition and opened bankruptcy proceedings.
• The Central Bank revoked the lender’s license on September 2 due to a complete loss of capital and the absence of viable rehabilitation prospects.
• The Deposit Insurance Agency (ASV) has been appointed bankruptcy manager and will process claims in the statutory order under Russia’s insolvency law.
• Insurance liability totals 56.5 billion rubles for about 57,000 depositors, and more than 47,000 had already received over 52.7 billion rubles by October 7 within coverage limits.
• ASV indicates first‑priority creditor payouts will begin after the claims registry closes in January 2026, and a creditors’ meeting will be convened within 90 days of the proceedings notice.