Boris Bulochnik


Master Bank management suspected of withdrawal of funds through the cleaners


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.

Putin didn't help Master Bank


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.