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. Last Updated: 07/27/2016

Payout on Inkombank

MOSCOW -- State savings bank Sberbank said Tuesday it would begin honoring on Wednesday accounts transferred from Inkombank under a special state savings guarantee program.

Inkombank depositors have been waiting for their money since Nov. 30. Depositors from five other troubled banks who transferred their money to Sberbank have already been paid, but technical problems tied to the revocation of Inkombank's license delayed the payment of Inkombank depositors, the Central Bank said.

Depositors will be able to remove 100 percent of their money if they choose, but it has already sunk in value since Inkombank closed in August.