The Bank of Russia on December 30, revoked the license of the bank Samara « Volga-credit”, said the regulator. License revoked for failure Bank of laws and regulations of the Central Bank, capital adequacy below 2%, a decrease in the equity below the minimum authorized capital established at the date of state registration of the bank, and the application of the measures provided for by law « on the Central Bank of the Russian Federation ( Bank of Russia) ».
« Volga-credit “conducted high-risk lending policy, no provision for possible losses commensurate with the risks taken are recorded virtually no securities explains Central Bank. « As a result of compliance with the requirements of the supervisory body shaping reserves adequate to the risk-taking of ?? WKB ?? completely lost its own funds ( capital) “?? Central Bank said in a statement.
In the middle of December 2014 Samara Bank almost completely stopped its operations, including the execution of operations on customer accounts and service depositors. Managers and owners of the bank did not provide its restoration activities.
In the bank appointed interim administration until the appointment of a receiver or liquidator. The powers of the executive bodies of the bank suspended. Bank « Volga-Credit” is a party to the deposit insurance system.
According to reports, in terms of assets Bank on December 1, 2014 took 296 th place in the Russian banking system.
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