The Central Bank revoked the license of the Bank “Express-credit”

The Bank of Russia has withdrawn from November 16, the license for banking operations of the Moscow Bank “Express-credit”, is reported on the website of the regulator. With a poor quality of Bank assets are inadequately assessed in connection with these risks.Credit risk evaluation revealed complete loss of own capital of the credit institution. In addition, the Bank was involved in dubious transactions, said the Central Bank.

The Bank introduced a temporary administration, which will act until the appointment of a bankruptcy Trustee or liquidator. The powers of the Executive bodies of the Bank suspended.

“Express-credit” is the participant of system of insurance of contributions. Depositors of the Bank provided payment in the amount of 100% of the remaining balance, but not more than 1,4 million rubles in aggregate per depositor.

According to statements of the Bank on November 1, 2016, “Express-credit” 303 took place in the Russian banking system.

November 10, sources in banking circles said that the “Express loan” was disconnected from the system “electronic Banking for urgent payments” (BESP). According to Bank employees, then individuals could “just” to only percent discounted.

A day earlier, on 9 November, the site “” with reference to the call-center of “Express-loan” reported that the Bank has ceased to carry out most operations. Thus, was unavailable card transactions and transfers. As explained by the interlocutor of the site, the restrictions were associated with lack of money at the box office.