Photo: Oleg Yakovlev / RBC
In the case of the United Bank of Industrial Investments, which is July 1 took 378 th place in the Russian banking system, the Central Bank put the blame of the credit institution placement of funds in low-quality assets, the failure to timely fulfillment of obligations to creditors, provide to the supervisory authority essentially false statements, concealing the existence of grounds for revocation of the license.
Time Bank, which occupies 628 th place, according to the Bank of Russia, conducted high-risk lending policy and did not create adequate risk taking reserves for possible losses on loans. Credit organization has been involved in questionable conduct of transit operations for the withdrawal of funds abroad on a large scale. In addition, the bank violated the rules of internal control in the field of counteraction to legalization (laundering) of proceeds from crime and terrorist financing.
On the eve of Time Bank suspended the operation of offices in Moscow and Voronezh, citing technical reasons.
The report of the Central Bank indicated that both credit organizations are participants in the deposit insurance system. Revocation of a license for banking operations is an insurance event.
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