Friday, July 17, 2015

Central Bank revoked the license of Gelendzhik Bank – RBC

The Bank of Russia

Photo: Yekaterina Kuzmina / RBC

In a statement the regulator indicated that the decision to revoke the license of the Bank of Russia in connection with the failure to credit the organization of federal laws regulating banking activities.

Central Bank points out that the poor quality of assets the bank’s management inadequate measures taken by the risks and did not comply with restrictions imposed on the exercise of certain banking operations.

In terms of having a long corporate conflict managers and owners of the credit institution had failed to take effective measures to normalize its operations, emphasizes the regulator.

The bank appointed interim administration.

According to reports, in terms of assets of PJSC “Bank Gelendzhik” on July 1, 2015 it took 516 th place in the banking system of the Russian Federation.

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