The CBR withdrew the license at Bank “Maximum”

Moscow. November 23. The Central Bank of Russia withdrew the license for banking operations the Bank has “High” (Volgodonsk, Rostov region), is spoken in the message of the Central Bank.

License revoked on November 23.

“The Bank conducted high-risk lending policies and create adequate accepted risks provisions for possible losses on loans. The activities of the credit organization focused on aggressively attracting funds of the population. In the conditions imposed by the Supervisory authority restrictions on attraction of deposits “Max” continued their involvement, including internal structural divisions in Moscow, at rates substantially above market level”, – stated in the message controller.

By order of the Central Bank of the Russian Federation on November 23, the Bank appointed a temporary administration.

“Maximum” – the participant of system of insurance of deposits. The revocation of the license of an insurance event in respect of the Bank’s liabilities on household deposits.

According to the Bank of Russia on November 1 of the current year by total assets Maximum 675 took place in the banking system of the Russian Federation.