Lefco Bank

About broker Lefco Bank

Web-site of Lefko Bank is under construction now.

Since November 14, 2008, the Central Bank of Russia terminated the license of Moscow Lefko Bank. The reason for license terminating was inability of the bank to satisfy demand of creditors, ill-timed handling accounts, delivery of invalid financial statements to the Central Bank of Russia.
Lefko Bank was listed in top-200 of the largest Russian financial institutions; however it has not been included into the deposit insurance system. That means the bank’s depositors, if any, could not obtain legal insurance guaranteed by the state legislation. Yet Lefko Bank did not accept deposits from physical entities, specializing only in servicing and financing the large financial institutions and offering brokerage services.
At first, the Central Bank of Russia prohibited to conduct several banking transactions with the customers’ accounts. In particular, the bank was banned to accept the deposits from legal entities, allocate funds, buy and sell currency and serve clients within 6 months.