Bank “BFG-Credit” found a hole in the 40 billion rubles.

The size of the hole in the Bank “BFG-Credit” is not less than 40 billion rubles, said the press service of the Central Bank, arrived in . This result was obtained in the financial analysis of the Bank’s temporary administration of ASV, appointed by Bank of Russia. The final size of the “hole” will be determined by the interim administration of the Central Bank assigned to the Bank in connection with the revocation of the licence, specified in a press-service of the regulator.

The Bank of Russia withdrew the license at Bank BFG-Credit on July 27. The reason the Central Bank is called the full loss of the Bank’s capital. According to the Central Bank, BFG-Credit” did not execute Federal laws regulating banking activities and inadequately assessed the risks that led to a complete loss of capital. “The management and owners of Bank didn’t take effective measures on normalization of its activity”, — stated in the message of Bank of Russia.

BFG-Credit” on July 1, 2016 was taken 99th place in the Russian banking system by total assets. He participates in the Deposit insurance system.

In early April the Central Bank introduced the “BFG-Credit” temporary administration. Their actions of the Central Bank explained the need of examination of the financial condition of the Bank. A source at the Bank told me that the reason for entering interim administration was the problem with the implementation of the requirements of the Central Bank to assess additional reserves in the amount of RUB 3 billion credit portfolio