SARATOV, September 22 - RAPSI. The court will hear on Thursday a request filed by the Deposit Insurance Agency to extend bankruptcy proceedings at WDB Bank for six months, the court told RIA Novosti.
The Central Bank revoked WDB Bank's license on Mau 7, 2009, for substantial reporting falsification, reduction in the capital adequacy lower than 2 percent and own capital amount falling below the required minimum.
The Central Bank later applied for WDB bankruptcy at Saratov Commercial Court which started the hearings on June 18, 2009.
The Deposits Insurance Agency reported in September that the banks creditors register includes 956 claims totaling 2.56 billion rubles ($91.5 million).