Qiwi receipts fell by almost 25% after the license was revoked from Qiwi Bank – Kommersant
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Qiwi American Depositary Receipts (MOEX: QIWI) at the beginning of trading on the Moscow Exchange fell by 24.9%, to 360.5 rubles. Moscow Exchange has switched trading of Qiwi receipts to discrete auction mode. Trading as usual is expected to resume at 10:45.
“As of 10:11, the current price was 362 rubles. There was a decrease of 20% or more within 10 consecutive minutes of the current stock price from the closing price of the previous trading day (RUB 481). A discrete auction will be held in the T+ main trading mode,” the statement says. press release exchanges.
Today, February 21, Central Bank (CB) announced on revocation of the license from Qiwi Bank. The regulator cited violations of requirements in the field of combating the legalization of proceeds from crime and the financing of terrorism as the reason. A temporary administration has been appointed to Qiwi Bank.
Qiwi Bank ranked 89th in the Russian banking system. The period of liquidation of a credit institution will take at least a year. The last time the Central Bank revoked a banking license was on August 12, 2022.
Read more about Qiwi’s problems in the Kommersant publication “The Central Bank took a closer look at Qiwi wallets”.
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