The Bank of Russia decided to revoke the banking license held by Urals Trust Bank (registration #2523, Izhevsk) starting May 31, 2012, this became known on Thursday from the regulator’s insider information.
Based on Banki.ru data, as of May 1, 2012 the lender’s net assets stood at Rub 1.11 bln (No. 688 in Russia), capital (calculated in line with CBR requirements) totaled Rub 350 mln, the credit portfolio amounted to Rub 510 mln and obligations to households equaled Rub 520 mln.
