The Central Bank of Russia revoked a license of the Russian K2 Bank, which worked in the occupied Crimea, according to the order of the Central Bank.

The bank lost its license due to non-compliance with RF laws regulating banking activities.

K2 Bank has been operating in the annexed peninsula since 2014. This is already the 9th bank, which has lost its license.

It was previously reported that the bank was supposedly in the process of reorganization and intended to join another bank - Eurocapital Alliance.

Earlier, on July 5, the JSC "Bank" Taatta, lost its license and on June 27 - Joint-Stock Company "Commercial Bank "Rublev".

On April 9, a license to carry out banking operations of the Sevastopol Bank "VVB" was revoked. The bank had offices in Sevastopol, Simferopol, Alushta, Bakhchysarai, Dzhankoy, Yevpatoria, Kerch, Sakha, Feodosia and Yalta.

Source: BSNews