The Central Bank estimated the “hole” in the banks ‘ equity Renaissance Euro credit and benefit


According to Bank of Russia estimates, the excess of liabilities over assets in equity Bank “the Renaissance” amounted to 4,766 billion rubles, benefit-Bank – 3,740 billion rubles, and the Bank “Eurocredit” – 1,553 billion rubles.

MOSCOW, 27 Jan. The excess of liabilities over assets in equity Bank “the Renaissance” amounted to 4,766 billion rubles, benefit-Bank — 3,740 billion rubles, the Bank “Eurocredit” — 1,553 billion rubles, follows from the balance sheets of banks published by the Central Bank of the Russian Federation in the “Bank of Russia Bulletin”.

The total size of the “hole” in the capital of banks “the Renaissance”, “Euro credit” and benefit Bank, based on data of the Central Bank, amounted to 10,058 billion rubles.

The Central Bank withdrew the license at Bank “Eurocredit” from December 4, due to the fact that the Bank placed funds in low-quality assets, did not create reserves adequate to accepted risks, and was involved in questionable transit operations in significant quantities. According to the Central Bank, the Bank by total assets on 1 November 2015 370 took place.

License of the Central Bank of the Russian Federation the Benefit of the Bank included in the second hundred Russian banks by assets, withdrawn from 2 November. The benefit-Bank, according to the regulator, pursued high risk credit policy and didn’t create adequate to the accepted risks of reserves on possible losses on loans, since October, the Bank of Russia received complaints of the depositors of the Bank non-execution of its obligations on repayment of monetary funds.

The licence at Bank “the Renaissance” the Central Bank revoked December 14. By total assets, according to Central Bank data, as of 1 December 2015, Bank “the Renaissance” took place 242. Bank “the Renaissance”, according to the regulator, pursued high risk credit policy and didn’t create adequate to the accepted risks of reserves on possible losses on loans, and was involved in questionable conduct transit operations, including cash withdrawal abroad in large volumes.