The Central Bank revoked the license of Ruskobank

The Central Bank announced the revocation of the license of the banking operations of Vsevolozhsk Ruskobank. The credit organization was appointed by the interim administration, said in a press release of the regulator.

The Bank of Russia explained that the decision to revoke the license was made subject to the availability of real threat to interests of creditors and depositors. The Central Bank considered that the Ruskobank conducted high-risk lending policy of placing funds in assets of low quality. Risk assessment at the request of the Central Bank led to a significant reduction of the Bank’s capital and the grounds for bankrostva.

Ruskobank is the participant of system of insurance of contributions. According to statements by total assets of the credit organization took the 256-th place in the Russian banking system.