The management of Master Bank wrote off about 1 billion rubles, making out unsecured loans of up to € 5 million for the bank's employees: cleaners, drivers, security guards and petty clerks, wrote Kommersant on Monday, March 17, citing sources.
Master Bank's passion for doubtful operations cost it its license, the Deposit Insurance Agency — the record amount of 30 billion rubles to pay to the depositors, and those who obtain cash — increased rates.