Wednesday, August 5, 2015

CB shared with the UK data on fraud management, “the Russian loan” – BBC

The Central Bank of Russia has sent data on the fraud management of the bank “Russian credit” to the Investigation Committee. This was reported in a press release the controller.

«represents the Bank financial statements is substantially misleading, since it did not reflect the real financial situation due to inadequate assessment of credit risks taken”, – the report says.

The regulator believes that the management of the bank to withhold from the Central Bank established legal grounds for mandatory revocation of a license to conduct banking operations.

Earlier reports , that the “hole” in the capital of the banking group “Russian credit” more than 50 billion rubles., Actually running the bank’s assets amounted to only $ 17 billion out of 186 billion rubles.

Central Bank revoked the license of the bank “Russian Credit” July 24.

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