The Central Bank of Russia revoked the license of the Bank and, according to the website of the regulator. Central Bank indicates that poor asset quality of the Bank’s management inadequately assessed in connection with these risks. Proper assessment of credit risk and objective reflection of the value of assets in the financial statements of the credit institution led to a complete loss of its equity (capital). In addition, the Bank did not comply with the requirements of the legislation and statutory acts of Bank of Russia in the field of combating the legalization (laundering) of incomes obtained in a criminal way and financing of terrorism in parts of timely and quality submission of information to the authorized body.
On Thursday, September 15, the Central Bank appointed a temporary administration in the Bank. This decision was made due to the “precarious financial position” financial institutions and the existence of a threat to the interests of its creditors and depositors,” the report said controller received V.
On the same day the Bank also announced the termination of customer service. The source of the Agency “RIA Novosti” said that on September 14, the Bank has been disconnected from system of Bank electronic urgent payments”.
The Bank was ranked 68 in the Russian banking system. According to the latest financial statements, it contained more than 55 billion rubles.
The reason for the revocation of the license of Finprombank, who occupied the 94th place in the banking system of the country, the failure to satisfy the claims of creditors on monetary obligations.
In addition, the Central Bank revoked the license from a Regional commercial Bank. He held 404 in assets.
All three banks – participants of system of insurance of contributions. Revocation of license for Bank operations is the insured event provided by Federal law No. 177-FZ On insurance of deposits of individuals in banks of the Russian Federation” in respect of the Bank’s liabilities on household deposits identified in accordance with legislation. This Federal law provides for the payment of insurance compensation to depositors of the Bank, including individual entrepreneurs, in the amount of 100% of the remaining balance, but not more than 1,4 million rubles in aggregate per depositor.