Central Bank revoked the licenses of three banks – RBC

Central Bank revoked the licenses of three banks – RBC

Photo: Ekaterina Kuzmina / RBC

CB 9 October revoked the licenses of a Moscow bank “National Credit” and “Universal Credit” and Rostov “DONINVEST.” All three financial organizations have lost their licenses due to the inability to satisfy the claims of creditors.

Bank “National credit” did not provide the timely implementation of current accounts, and therefore the October 1, 2014 the Central Bank issued an order placed the interim administration Bank on the Deposit Insurance Agency (DIA), the press service of the Central Bank.

«Provisional Authority conducted an analysis of the financial status of the” Bank “National Credit” has revealed a complete loss of the bank’s own funds, as well as the inability to restore its solvency “- explains the Bank of Russia.

« People’s Credit “lost his license due to non-fulfillment of the federal laws on banking, capital adequacy below 2%, to reduce it below the minimum authorized capital, as well as the inability to satisfy the claims of creditors under liabilities. After the revocation of the license has ceased to perform the functions of DIA temporary administration of the bank.

On September 1, the bank “National Credit” occupied 112th place in terms of assets in the banking system of Russia, its capital is estimated at 39 billion 630 million rubles.

License “Universal Credit” has been withdrawn due to the fact that the Bank was high-risk lending policies associated with the placement of funds in low-quality assets.

«As a result of the formation of reserves, the adequacy of risk , the credit institution has completely lost its own funds (capital) “- explains the press service of the Central Bank.

According to the Bank in connection with the loss of liquidity, the Bank did not provide timely fulfillment of obligations to creditors and delivered to the Bank of Russia” substantially false statements “to hide the real financial situation.

« Doninvest “, according to the Central Bank, has not provided timely fulfillment of obligations to creditors and depositors” due to the poor quality of assets that do not generate sufficient cash flow. “

In the Company “Doninvest” and JSC “Universal Credit” orders of the Central Bank appointed interim administration until the appointment of receivers or liquidators. The powers of the executive bodies of both banks suspended.

«Universal Credit” and “Doninvest” is a party to the deposit insurance system. On September 1, 2014 “Universal Credit” took 495 th place in terms of assets in the banking system of Russia, “Doninvest” – 510 th place.

After June 2013, the Central Bank headed by Elvira Elvira, supervision of the financial sector has been tightened: a year under her leadership, the Bank of Russia revoked the licenses of more than 60 banks, including such large ones as “Pushkin”, Master-Bank, Investment Bank, “My Bank”. As a rule, the Central Bank robs banks licenses for high-risk lending policies and the lack of adequate reserves.