The Central Bank appointed a temporary administration in Russia for six months

The Central Bank appointed a temporary administration in Russia for six months


The interim administration in Vneshprombank appointed in connection with a reduction of own funds and breach of mandatory standards.

MOSCOW, 18 Dec. The Bank of Russia from December 18, appointed a temporary administration in Russia for six months, the report said the Central Bank.

The interim administration appointed in connection with a reduction of own funds and breach of mandatory ratios set by the Bank of Russia.

The powers of the heads of the Bank, its management bodies and powers of shareholders are suspended. The primary task of the interim administration is to conduct a survey of the financial situation of the credit institution.

By total assets, according to RIA Rating, the Bank held on October 1, 2015 37-e a place in Russia’s banking system.