Install

Get the latest updates as we post them — right on your browser

. Last Updated: 07/27/2016

Depositor Payout




MOSCOW -- Some 2,000 depositors of Menatep, Promstroibank Russia and MOST-Bank, whose applications last fall to state savings bank Sberbank were rejected as faulty and later corrected, began receiving cash Wednesday, bank officials said.


Overall about 460,000 depositors including 120,000 Muscovites transferred their accounts to Sberbank last fall from several Russian private banks after the banks defaulted on their obligations to private depositors after the August crisis.