The Central Bank withdrew the license at Bank “the Renaissance” DIL-Bank and “CBI Bank”

The Central Bank withdrew the license at Bank “the Renaissance” DIL-Bank and “CBI Bank”


MOSCOW, December 14. The Bank of Russia took a decision to recall from December 14 licenses for Bank operations at KB “the Renaissance” (Moscow), according to a press release of the regulator.

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The decision was made in connection with default by a credit institution Federal laws regulating banking activity and Bank of Russia regulations, the value of all the adequacy ratio of own funds (capital) below 2%.

CB “Renaissance” conducted high-risk lending policies and create adequate accepted risks provisions for possible losses on loans. Appropriate credit risk assessment on the request of the Supervisory authority identified a critical decline in the adequacy ratio of own funds (capital). Besides, the credit organization was involved in conducting dubious transactions on cash withdrawal abroad, as well as transit doubtful operations in large volumes. The management and owners of Bank didn’t take effective measures on normalization of its activity.

The Bank appointed a temporary administration valid up to the date of appointment of the bankruptcy Trustee or liquidator. The powers of the Executive bodies of the credit institution are suspended.

KB “the Renaissance” is the participant of system of insurance of deposits. Revocation of license for banking operations is insured.

According to statements by total assets of CB “Renaissance” on December 1, 2015 242 took place in the banking system of the Russian Federation.

The revocation of licenses of the deal-Bank

The Bank of Russia also has decided to review the December 14 license to conduct banking transactions from credit company “DIL-Bank” (Moscow), according to a press release of the regulator.

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The decision was made in connection with default by a credit institution Federal laws regulating banking activity and Bank of Russia regulations, the value of all the adequacy ratio of own funds (capital) below 2%, reduction of the amount of own funds (capital) below the minimal value of authorised capital established as of the date of state registration of credit organizations.

Deal-Bank 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 the accepted risks, the Bank has completely lost own means (capital). Besides, the credit institution was involved in questionable conduct of transit operations. The management and owners of the credit institution failed to take efficient measures to normalise its activities.

The Bank appointed a temporary administration valid up to the date of appointment to the bankruptcy Trustee or liquidator. The powers of the Executive bodies of the credit institution are suspended.

Deal-Bank is the participant of system of insurance of deposits. Revocation of license for banking operations is insured.

According to statements by total assets deal-Bank on 1 December 2015 ranked 222nd place in the banking system of the Russian Federation.

The revocation of licenses of the Bank’s CBD

The Bank of Russia also took the decision to withdraw from 14 December licenses for banking credit organization “Commercial Bank of development” (“CBI Bank”, Moscow), according to a press release of the regulator.

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The decision was made in connection with default by a credit institution Federal laws regulating banking activity and Bank of Russia regulations. In addition, the Bank has repeatedly violated the requirements of Bank of Russia regulations issued in accordance with the law “On countering the legalization (laundering) of incomes received by criminal way, and terrorism financing”. Also there was a real threat to the interests of depositors and creditors, the report says.

With a poor quality assets “CBI Bank” did not adequately evaluated taken in connection with these risks. Besides, the credit institution was involved in questionable conduct of transit operations. The management and owners of the Bank has not taken the necessary measures to normalize its activity.

The Bank appointed a temporary administration valid up to the date of appointment of the bankruptcy Trustee or liquidator. The powers of the Executive bodies of the credit institution in accordance with Federal laws are suspended.

“CBI Bank” is the participant of system of insurance of deposits. Revocation of license for banking operations is insured.
According to statements by total assets of the Bank on December 1, 2015. 566 took place in the banking system of the Russian Federation.

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The revocation of licenses of credit organizations in 2013 – 2015 years: chronology