CB decided to withdraw a license from another Russian bank. They became an asset bank, the regulator’s website says.
In the reporting of the Central Bank, it is said that he “undertakes the amount of reserves necessary for the formation of reserves for possible losses on loan and equalized debt.” The financial organization has also overestimated the value of the property “in order to artificially improve financial performance and concealing their real financial position.”
In addition, the asset bank violated the legislation in the field of countering the legalization of income obtained by criminal means and financing terrorism. Most of the bank’s loan portfolio accounted for problem loans. He was a participant in the deposit insurance system, a temporary administration came to the bank. Financial organization was in 192th place in terms of assets.
In June, the Central Bank withdrew the license from the St. Petersburg Bank of Energy Engineering (Energomashbank). Among the violations are the full loss of own funds and a high-profile business model, which was accompanied by an understatement of the magnitude of the reserves necessary for the formation.
Earlier, the deputy chairman of the Central Bank, Alexey Karakin, called to prepare for a new crisis, which will inevitably come. “