Thursday, March 17, 2016

Central Bank revoked the license of the National Corporate Bank, 1Bank and “Catherine” Bank – Information portal of the Banki.ru

Central Bank revoked the license National  Corporate Bank, 1Bank and

Photo: Artem Korotaev / TASS

The Bank of Russia from 17 March revoked the license to conduct banking operations in Moscow National Corporate Bank (registration number 3422), and the bank “Catherine” (registration number 2167), as well as in 1Banka (registration number 2896, Vladikavkaz).

The regulator notes that the decision to revoke the license credit institutions taken in connection with the failure of federal laws regulating banking activities, and regulations of the Bank of Russia. In the case of bank 1Bankom and “Catherine” The Central Bank also took into account the existence of a real threat to the interests of creditors and depositors.

The value of the capital adequacy requirements of the National Corporate Bank fell below 2%, and the amount of equity – below the minimum authorized capital on the date of state registration of the credit organization. According to the Central Bank, Natskorpbank admitted violations of banking laws and regulations of the Bank of Russia to the credit risk assessment. “As a result of the requirements of the supervisory body for the formation of reserves, adequate risk-taking, the amount of own funds (capital) of the credit organization dropped to a critical value,” – stated in a press release from the regulator. Also Natskorpbank was involved in carrying out questionable (including transit) operations.

In addition, the National Corporate Bank and “Catherine” does not comply with the requirements of legislation and Bank of Russia regulations in the sphere of counteraction to legalization of proceeds from crime and terrorist financing, in terms of timely and qualitative submission of information to the authorized body.

Bank “Catherine” also conducted high-risk lending policies related to the placement of funds in low-quality assets. “Adequate assessment of the risks taken by the bank at the request of the supervisory body has led to the emergence of the credit institution’s grounds for implementing measures to prevent insolvency (bankruptcy)”, – emphasized in the report of the Central Bank. In this case a credit institution has been involved in questionable conduct of transit operations.

When is poor 1Bank assets adequately evaluated the risks taken, notes regulator. Proper assessment of credit risk and fair reflection of the cost of the bank’s assets led to grounds for the implementation of measures to prevent the insolvency (bankruptcy) of the credit institution. In addition, the bank failed to comply with the Bank of Russia imposed restrictions on the exercise of certain operations

All three banks -. Participants of the deposit insurance system. Insurance reimbursement of depositors will begin no later than March 31, reported the Deposit Insurance Agency.

The National Corporate Bank in early March has been disconnected from the system banking electronic payments (BESP). The rating agency RAEX ( “Expert RA”) downgraded the bank’s credit rating to “B” (the “low level of solvency”), setting it on a “negative” outlook.

It became known yesterday that 1Bank also disconnected from BESP. In addition, the bank temporarily stopped issuing and replenish the cash deposits of physical persons

Bank “Catherine” in January for 17 days violated several mandatory standards:. Capital adequacy ratio (N1), statutory core capital ratio (N1. 1) fixed capital formation (N1.2), the specification of the maximum size of large credit risks (H7), as well as the specification of aggregate insider risk Bank (N10.1).

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