Moscow. December 4. The Central Bank of Russia withdrew the license for banking operations in Moscow Bank “Eurocredit”, – stated in the message of the Central Bank.
License revoked 4 December.
The Central Bank explains that the Bank “has placed funds into low-quality assets and create adequate accepted risks reserves for possible losses”.
“Dosoznanie reserves in the required amounts led to a complete loss of capital. In addition, the credit institution was involved in questionable conduct of transit operations in significant volumes,” reads the press release.
The Bank appointed a temporary administration, the powers of the Executive bodies are suspended. The Bank is a participant of the Deposit insurance system.
The Bank “Eurocredit” in the first three quarters of 2015 344 takes place in terms of assets in ranking “Interfax-100”.