The CBR revoked the license of the International Bank for loss of capital

The CBR revoked the license of the International Bank for loss of capital


MOSCOW, February 3. The Bank of Russia withdrew on February 3, 2016 the license for banking operations at the Moscow International joint-stock Bank, said the regulator.

According to the Central Bank, the Bank committed violations of banking legislation and Bank of Russia regulations in assessing credit risk.

See also

The banking system of the Russian Federation in 2015. Dossier

According to the results of execution of requirements of Supervisory authority on creating provisions adequate to accepted risks the credit institution lost its equity (capital).

Because of low asset quality realization of the procedure of financial recovery of the International joint-stock Bank with the involvement of the state Corporation “Agency for deposits insurance” available on reasonable economic terms was not possible, the report says the Central Bank.

In accordance with the order of the Bank of Russia, the international joint stock Bank appointed a temporary administration. The powers of the Executive bodies of the credit institution are suspended.

International joint-stock Bank is a member of the Deposit insurance system. According to statements by total assets of the Bank on January 1, 2016 207 took place in the banking system of the Russian Federation.

See also

The banking system of the Russian Federation has lost in 2015, almost one hundred banks