The Bank of Russia revoked the license of Mitrastema

The Bank of Russia revoked the license of Mitrastema


According to the CBR, the Bank, who held 329-th place in the Russian banking system, conducted high-risk lending policies and create adequate provisions for possible loan losses.

MOSCOW, 21 Jan. The Bank of Russia from January 29, withdrew the license for banking operations in Moscow Mitrastema, is spoken in the message of the regulator.

The decision to revoke the license was taken by the Bank of Russia in connection with default by a credit institution laws, regulating banking activity and normative acts of the Central Bank, the value of the adequacy ratio of own funds (capital) below 2%, inability to meet creditors ‘ requirements on monetary obligations.

“OOO “KB Intertrustbank” conducted high-risk lending policies and create adequate accepted risks provisions for possible losses on loans. The adequacy of own funds (capital) of the Bank decreased to critical values. In connection with liquidity loss the credit organisation fails to perform the obligations to creditors. In addition, the Bank was involved in questionable conduct of transit operations on a large scale”, — stated in the message of the Central Bank.

The Bank is a participant of the Deposit insurance system. According to the CBR, Intertrustbank on January 1, 2016 by total assets 329 took place in the banking system of the Russian Federation.

High-profile cases of withdrawal of licenses from banks in Russia, read the help >>