The CBR revoked the licenses of three Moscow banks

The CBR revoked the licenses of three Moscow banks


Moscow. October 23. The Central Bank of Russia withdrew the license for banking operations in Moscow Bank “Eurocommerce”, Greenfieldbank and DORIS-Bank, said the Central Bank.

The licenses were withdrawn on 23 October. By order of the CBR since that date in the banks appointed interim administration. All of them are participants of the Deposit insurance system.

“Eurocommerce”

“Under the supervision of the Bank (Eurocommerce) there was a significant underestimation of credit risks and the submission of false statements. Appropriate credit risk assessment on the request of the Supervisory authority revealed the complete loss of own means (capital) of the Bank. In addition, Eurokommerz was not in compliance with the requirements of the legislation in the sphere of combating legalization (laundering) of income obtained by criminal means and financing of terrorism in parts of timely and quality reporting to the authorized body. The activities of credit organizations has been focused on the questionable conduct of transit operations on a large scale”, – stated in the message controller.

The Bank “Eurocommerce” in the first nine months of 2015 ranked 235th place in terms of assets in ranking “Interfax-100” prepared “Interfax-CEA. According to the CBR, as of 1 October of the current year in size of assets the credit organization took 251st place in the banking system of the Russian Federation.

The Bank was registered in April 1992 as the Caucasian Bank of development and reconstruction. Since 1999 under the name Eurocommerce.

Greenfieldbank

“Greenfieldbank conducted high-risk lending policy connected with placement of funds into low-quality assets. As a result of execution of requirements of Supervisory authority on creating provisions adequate to accepted risks the credit institution lost its equity (capital). Besides, the credit organization has not abided by the Bank of Russia in its relation to restrictions and prohibitions on the exercise of individual operations. In addition, the credit organization was involved in conducting questionable customers of transit operations on a large scale”, – stated in the message controller.

Greenfieldbank in the first nine months of 2015 316 took place in terms of assets in ranking “Interfax-100” prepared “Interfax-CEA. According to the CBR, as of 1 October of the current year this credit had occupied 333-nd place by assets in Russia’s banking system.

DORIS-Bank

“With a poor quality of the assets of DORIS, the Bank did not adequately evaluated taken in connection with these risks. Appropriate credit risk assessment on the request of the Supervisory authority revealed the complete loss of own means (capital) of the Bank “, – stated in the message controller.

DORIS-Bank (LLC CB “Trust, equality and cooperation”) in the first nine months of 2015 327 took place in terms of assets in ranking “Interfax-100” prepared “Interfax-CEA. According to the CBR, as of 1 October of the current year in size of assets the credit organization has held 341-e a place in Russia’s banking system.