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 The Bank of Russia has withdrawn from February 15, 2016 the license for banking operations at the capital Bank (Rostov-on-don), reports the controller.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