Midkhat Shagiakhmetov, head of the National Bank of Tatarstan, has resigned, the Bank of Russia's press service told Banki.ru.

Meanwhile, the regulator's press service does not comment on the reasons behind the resignation nor says what candidates to this position are under consideration.

Calls made by Banki.ru to the National Bank of Tatarstan remained unanswered.

To remind, on March 3, 2017 the Bank of Russia withdrew banking licenses from Kazan-based Tatfondbank, Intekhbank and Ankor Bank.

On December 15, 2016 the Bank of Russia imposed a moratorium on the satisfaction of Tatfondbank's creditor claims. News broke in January that a number of the bank's deposit holders were fraudulently turned into customers of the bank's subsidiary investment company TFB Finance. The prosecutor's office assessed potential victims of TFB Finance's actions at 2,500 people. The Bank of Russia cancelled TFB Finance's license.

The court ruled to detain former Tatfondbank management board chairman Robert Musin, and the Supreme Court of Tatarstan upheld this ruling.

Based on CBR data, as of February 1, 2017 a hole in Tatfondbank's balance sheet totaled roughly Rub 96.7 bln, and the hole was assessed at Rub 43 bln before temporary administration stepped in.

Tatar president Rustam Minnikhanov demanded at an extraordinary meeting held with the leaders of the republic's law enforcement and supervisory bodies after the licenses of as many as three Tatar banks were withdrawn to make accountable all people who had a hand in the republican banking crisis.