The Bank of Russia on Friday revoked the license of the bank “Russian Credit” AMB Bank and M Bank (“Mosstroieconombank”) owned Anatolia Motyleva.
The decision to deprive a license, “Russian Credit” occupied 45th place in the banking system, due to its high-risk credit policy. The Bank was represented by the Bank of Russia false statements concealing the existence of grounds for the implementation of measures for the prevention of insolvency (bankruptcy) and bases that require the Bank of Russia has decided to revoke the license to conduct banking operations. Requirements supervisor to report a real risk taking by banks is not satisfied, the report indicates the Central Bank.
The license of the JSC “Mosstroekonombank” Company “M Bank”, which occupied the 112th place in the country’s banking system, due to the fact that the credit institution to place funds in low-quality assets. Since the bank’s management has not taken effective measures to normalize the activity and asset quality was low, the Central Bank decided that the financial restructuring with the involvement of the Deposit Insurance Agency was not possible.
Also, the Bank of Russia revoked the license held the 186 th place “AMB Bank”. The reason was also poor quality of assets and the impossibility of recovery on reasonable economic conditions.
In all three of the bank appointed interim administration.
«AMB Bank”, “M Bank”, “The Russian credit” – participants of the deposit insurance system. The Bank of Russia emphasizes that the withdrawal of the license an insurance event. ACB indicates that payments to depositors will begin no later than August 7.
According to a Friday newspaper “Kommersant”, the question of the fate of these three banks were put on the agenda of the meeting Committee on Banking Supervision of the Central Bank on July 23 evening. The banking system of electronic payments of the Central Bank, banks received the status code 13, which means a total ban to carry out electronic transactions.
The source publication pointed out that the Bank of Russia did not want a repeat of 2008, when the supervised reorganization Motyleva bank “Globex “the state has spent $ 5 billion.
The publication indicates that the group also includes the bank Motylev” Tula industrialist. ” In his July 24, according to the Bank of Russia introduced a temporary administration.
«Vedomosti” remind us that the results of rehabilitation deputy chairman Dmitry Tulin called “Globex” absolute champion of false reporting. Then all the loans were issued to finance real estate owned Motyleva.
The newspaper pointed out on July 2 the Bank of Russia considered the possibility of rehabilitation “of the Russian loan.” The bank then called “nonsense” allegations that the Central Bank began to check the credit organization on suspicion that its assets do not match the required size.
Meanwhile, the publication indicates that the issue is a portfolio of corporate loans. Bank to issue short-term loans for the purchase of mortgage participation certificates (ISU), acquired by the related bank pension funds, and then quenched loan.
The total amount of deposits in three banks Motyleva July 1 amounted to 67.8 billion rubles (42 , 7 billion ru was the Russian loan, 18.8 billion rubles – in M Bank and 6.3 billion rubles – in AMB Bank). The bulk of the assets of the Russian credit are loans to companies – 100 billion rubles, and with the beginning of the year corporate loan portfolio increased by 42%. In addition to the funds of depositors the bank attracted funding from companies (corporate deposits account for 36.1 billion rubles) and in the interbank market (on its balance sheet 13.4 billion rubles of interbank loans).
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