The Bank of Russia revoked the license of the Rostov Kapitalbank

MOSCOW, February 15. The Bank of Russia has withdrawn from February 15, 2016 the license for banking operations at the capital Bank (Rostov-on-don), reports the controller.

According to the Central Bank, Kapitalbank conducted high-risk lending policy connected with placement of funds into low-quality assets. The management and owners of the credit institution has not taken the necessary measures to normalize its activity.

Kapitalbank is a member of the Deposit insurance system. According to statements by total assets of the Bank on February 1, 2016 364 took place in the banking system of the Russian Federation.