The Central Bank revoked the license of the Bank “Enisey”


The Central Bank revoked the license of the Bank’s Krasnoyarsk “Enisey”, reported on the website of the regulator.

The decision was made due to the fact that the Bank conducted high-risk lending policy connected with placement of money in low-quality assets. Adequate assessment of accepted risks and reliable reflection of the value of assets of the credit institution “leads to a complete loss of its own funds (capital)”, – stated in the message of Bank of Russia.

The Bank did not comply with requirements on the establishment of necessary reserves for possible losses, as well as reporting, reflecting its real financial position and the grounds for revocation of the license to conduct banking operations. The management and owners of the credit institution did not take effective measures to normalize its activities.

Bank “Yenisei” is the participant of system of insurance of contributions. According to statements by total assets of the credit organisation on 1 January of the current year was 254 taken place in the Russian banking system.

Source