The Bank of Russia has revoked the license for banking operations from Kemerovo NGO Taidon LLC. In terms of assets, the credit institution ranked 355th in the Russian banking system, according to the regulator's website.
The extremely poor asset quality of NGO Taidon led to the inability to generate sufficient cash flow to continue operating, and led to a complete loss of the organization's solvency, the Central Bank emphasizes.
The powers of the executive bodies of the credit institution have been suspended. The NGO "Taidon" will have a temporary administration until the appointment of a bankruptcy trustee or liquidator.
The credit institution was registered in 1992 in Kemerovo. Since 2022, Taidon has had a license to conduct banking operations in rubles and foreign currencies.
