AMT Bank liquidation stokes Russian bank and BTA bondholder worries
The Russian central bank, in cancelling AMT Bank’s banking licence has led to further worries about the state of the Russian banking system and put further pressure on Kazakhstan’s BTA Bank, which holds 22.3% of AMT.
AMT Bank has invested in low quality assets without making proper provisions against possible losses, the central bank said in a statement, adding that the bank has disregarded demands to value its assets fairly and that it has broken federal laws regulating banking activities.
The revoking of the
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