QIWI shareholders did not approve the share buyback. Company planned to buy up to 10% of American depositary shares from Nasdaq and Moscow Exchange after the completion of the sale of Russian assets. Maximum buyback price on the Moscow Exchange was to be ₽581 per paper. It was planned that the shares bought back as part of the buyback would become treasury s...

Qiwi Bank, deprived of its license and represented by the temporary administration, filed a lawsuit in the Moscow Arbitration Court demanding to invalidate the sale and purchase agreement for the shares of Qiwi JSC, as well as the pledge agreement and encumbrances in respect of these shares. Qiwi sold the Russian assets consolidated under Qiwi JSC, including...

Agreement on the sale of Qiwi's Russian assets, including Qiwi Bank, which lost its license, does not provide for the possibility of unilateral termination or revision of the transaction price due to changes in the valuation of the assets being sold. However, the company doubts whether the buyer will fulfill its obligations in due time. In case of non-paymen...

The Central Bank has revoked the banking license of Qiwi Bank. The credit organization ranked 89th in the banking system in terms of assets. The reason was violations of federal laws regulating banking activities and systematic violations of anti-money laundering legislation, the Central Bank said in a statement.