The Central Bank revoked the license of the “Moscow national investment Bank”

The Central Bank revoked the license of the “Moscow national investment Bank”


MOSCOW, 5 July. /TASS/. The Bank of Russia revoked from 5 July 2017 the license for banking operations of the commercial “Moscow national investment Bank” (KB “MNIB”), said the regulator.

According to the Central Bank, KB “MNIB” was involved in the implementation of questionable transit operations. Maintaining the orientation of the business model of the credit institution to conduct such operations in terms of Supervisory authority measures the impact of a restrictive nature, aimed at their suppression, testified about the absence of intentions of management and the owners of the Bank to take measures on normalization of its activity. In addition, the Bank conducted high-risk lending policy connected with placement of funds into low-quality assets.

KB “MNIB” is the participant of system of insurance of contributions. According to statements by total assets of the Bank on 1 June 2017 515 took place in the Russian banking system.

Payment of insurance compensation to depositors will start no later than July 19, reported the Agency on insurance of contributions (ASV). For operational reception of statements of citizens and the fastest payments of compensation on deposits DIA intends to use the agent banks that will be selected on a competitive basis no later than July 11.

The application for payout of insurance indemnity, the investors may apply for the entire period of liquidation of the Bank.

The extension of the moratorium in Temprance

In addition, the Central Bank since July 5, extended by three months the moratorium on satisfaction of requirements of creditors of the Moscow Tempbank.

The controller recalled that the extension of the moratorium on satisfaction of requirements of creditors, not being insured, does not negate the obligation of the Agency for Deposit insurance (ASV) for the payment of insurance compensation on deposits arising in connection with the introduction of the moratorium on April 5, 2017 ASV continues paid insurance compensations for deposits in Temprance.

The previous moratorium, the Bank of Russia introduced in Temprance from 5 April 2017, for three months due to the unstable financial situation of the credit institution. Then the Bank of Russia laid on the DIA the functions of the provisional administration to manage the Bank for a period of six months.

Agent banks for the payment of insurance compensations to depositors of Tempbank are VTB24 and GenBank, the total amount of such payments is approximately at 9.53 billion.

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