The Bank of Russia revoked the license for banking operations at the Moscow ROSENERGOBANK. The announcement was published on the regulator’s website.
“The Bank of Russia informs about the accepted decision about the withdrawal from 10th April 2017 license for banking operations of the credit organization “Commercial Bank “ROSENERGOBANK” (joint-stock company) CB “REB” (AO)”, — stated in the message of the Central Bank.
At the end of March it became known that ROSENERGOBANK has suspended the issuance of cash to individuals and imposed restrictions on payments of legal entities the Bank limits explained “technical delay reinforcements offices cash”.
The Bank took 88th place at the end of 2016 in terms of assets in ranking “Interfax-100” prepared “Interfax-TSEA”.
According to the Central Bank, ROSENERGOBANK has been unable to fulfill its obligations to creditors and in violation of the provisions reflected in the inaccurate reporting of information about unmet creditors ‘ claims.
The problems of ROSENERGOBANK has arisen in connection with the use of “extremely risky business model, poor quality management and assets,” reads the message of the regulator.
In addition, managers and owners of the Bank withdrawal of Bank assets to the detriment of the interests of creditors and depositors through issuing loans to legal entities that are not leading real activity, indicates the Central Bank.
The Bank of Russia took a decision to send materials to the Investigative Committee of Russia for the decision of a question on excitation of criminal cases on signs of the crime provided by article 172.1 of the Criminal code (falsification of financial documents of accounting of financial institutions).
In ROSENERGOBANK appointed a temporary administration.