The Bank of Russia revoked the license for banking operations of Tatagroprombank. This decision was made due to the complete loss of the Bank’s own capital, the press service of the regulator.
The Central Bank said that Tatagroprombank carried out operations “aimed at financing of credit institutions included in the informal banking group”, headed by Tatfondbank. “Due to the creation of reserves for obligations of JSC “Tatfondbank” and PJSC “Bank” in connection with revocation of licenses for banking operations, the Bank’s capital acquired a negative value of 0.6 billion rubles”, — stated in the message of the Central Bank.
In addition, said the Central Bank, Tatagroprombank did not comply with the requirements of the legislation in the field of counteraction to laundering of incomes obtained in a criminal way, and terrorism financing when providing information to the authorized body.
The Bank introduced a temporary administration, the powers of the Executive bodies of the credit institution are suspended.
According to the Central Bank, on March 1, 2017 for the assets of Tatagroprombank took the 400-th place in the Russian banking system. Control in the Bank (50,3% of actions) belongs to the company “New petrochemicals”, the beneficiary of which is a former Chairman of the Board of Tatfondbank Robert Musin, in respect of which a criminal case under part 4 of article 159 of the criminal code (fraud committed in especially large size). Fraud is suspected a number of other leaders of Tatfondbank.
3 March Tatfondbank, whose largest shareholder is the government of Tatarstan, was revoked license. License lost also part of the group and registered Bank Tatfondbank in Kazan ANKOR Bank Andrey korkunova. As reported by “Kommersant”, June-October 2016 Tatfondbank moved about 2 thousand depositors in the status of clients to his “daughter”, “TFB-Finance”, through fraudulent means to redeem their bonds. Substitution discovered after December 2016, the Bank introduced a temporary administration.
March 30, in the resigned head of the National Bank of the Republic of Tatarstan Midhat Shagiakhmetov. According to sources , he was dismissed by the leadership of the Central Bank because of the crisis in the banking sector of Tatarstan. A few days later, on 3 April, has left his post as Prime Minister of the Republic Ildar Khalikov.