The Central Bank of Russia has recalled the license for banking operations in roubles and forex from the EURASIAN FINANCIAL ALLIANCE (EAFA BANK, Moscow). Simultaneously, the CBR appointed temporary administration at the bank. The CBR also annulled the license for banking operations in roubles and forex of the INDUSTRIAL PRODUCTION DEVELOPMENT BANK (IPDB, Moscow), following the bank shareholders decision on voluntary liquidation.
Source: VEDOMOSTI.RU, June 28, 2006
