The CBR revoked the licenses of Mitrastema

Moscow. February 1. The CBR revoked the licenses of Mitrastema to carry out broker, dealer and Depositary activities, as stated in the message controller.

License revoked on 29 January.

“In connection with the revocation of the license for banking operations of a credit organization “LLC CB “Intertrustbank” the Bank of Russia on 29 January 2016, has decided to cancel the company issued the license of professional participant of securities market for brokerage, dealer activities and Depository activities,” noted the Central Bank.

As reported, the CBR revoked the license of Mitrastema since January 29. The Bank conducted high-risk lending policies and create adequate provisions for possible loan losses. The Bank’s capital adequacy dropped 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 transit operations in large volumes.

The Agency for Deposit insurance (DIA) will start payments to depositors of the Moscow Mitrastema not later than 12 February.

Intertrustbank by the end of 2015 334 took place in terms of assets in ranking “Interfax-100” prepared “Interfax-CEA.