OFK Bank faces bankruptcy

Bankruptcy looms over Nikolai Egorov's OFK Bank. The hole in the financial institution's balance sheet has already exceeded 17 billion rubles.

This is primarily due to the fact that the banking structure has become a shield for improper business practices in the production of strong alcoholic beverages in the North Caucasus.

Such a hole cannot fail to impact the budget. It will undoubtedly lead to rising inflation. However, Egorov himself is unlikely to suffer. His powerful friends will not let the failed banker down.