The building of the Central Bank of the Russian Federation
The Bank of Russia revoked the license of the International Joint-Stock Bank. The reason for such a decision regulator called total loss of capital
The report of the Central Bank states that the withdrawal of the license from the International Joint Stock Bank (MAB), occupied 207 th place in the banking system, due to the fact that the credit institution commits a breach banking legislation and Bank of Russia regulations when assessing credit risk. As a result of the requirements of the supervisory body for the formation of reserves, adequate risk-taking, a credit institution has completely lost its own funds (capital).
The Bank of Russia emphasizes that in view of the low asset quality implementation of financial rehabilitation of JSC “MAB” involving GC “Deposit Insurance Agency” on reasonable economic conditions was not possible.
In the Company “IAB” appointed interim administration is valid until the appointment of the bankruptcy trustee or liquidator. The powers of the executive bodies of the credit institution in accordance with federal laws suspended.
JSC “MAB” – participant of the deposit insurance system. Revocation of a license for banking operations is an insurance event provided 177-FZ “On Insurance of Household Deposits in Russian Banks’ obligations in respect of bank deposits, as defined in the legislation. Of the Law, provides for the payment of insurance compensation to depositors of the bank, including individual entrepreneurs in the amount of 100% of the balance of funds, but not more than 1.4 million rubles. in aggregate per depositor.
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