The CBR revoked the license of the Russian construction Bank

Moscow. December 18. The Central Bank of Russia (CBR) revoked the license for banking operations in Russian construction Bank (Moscow), says the message of the Central Bank.

License revoked December 18.

“In connection with loss of liquidity the Bank did not timely fulfill obligations to creditors. Besides, the credit institution was involved in questionable conduct transit operations in large volumes. The management and owners of Bank didn’t take efficient measures to normalise its activities and recover its financial status”, – stated in the message controller.

By order of the Central Bank of the Russian Federation on 18 December, the Bank appointed a temporary administration.

Russian construction Bank is 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 and provides for the reimbursement to the depositors of the Bank, including individual entrepreneurs, in the amount of 100% of the balance, but not more than 1,4 million roubles per depositor.

Russian construction Bank for the III quarter of 2015 took 113 place in terms of assets in ranking “Interfax-100” prepared “Interfax-CEA. According to the Bank of Russia on December 1 of the current year in size of assets the credit organization has held the 135-th place in Russia’s banking system.