The Bank Russia revoked the license of the three banks – “National Corporate Bank” Bank “Catherine” and JSCB “1 Bank»
The decision to revoke the licenses of “Natskorpbanka” occupies 487 th place in the Russian banking system, was It accepted due to the fact that the bank’s management does not comply with laws and regulations of Bank of Russia acts in the field of counteraction to legalization (laundering) of proceeds from crime and terrorist financing, including the timely and reliable directions to the authorized communications agency for transactions subject to mandatory control, the regulator said in a statement.
in addition to this “Natskorpbank” admitted violation of banking laws and regulations of the Bank of Russia to the credit risk assessment. The size of the credit institution’s own funds decreased to a critical level.
Bank “Catherine” took 493rd place in the banking system of Russia. Reasons for revocation of the license is also called non-compliance with the requirements of legislation in the field of combating money laundering of criminal proceeds, as well as high-risk credit policies related to the placement of funds in low-quality assets.
Manual Vladikavkaz “1 Bank”, occupying 538- th place in the Russian banking system, according to the Central bank, not adequately assessed the risks taken if an unsatisfactory asset quality. Proper assessment of credit risk and fair reflection of the cost of the bank’s assets led to a credit institution grounds for implementation of measures to prevent insolvency, is indicated in the control message.
All three banks are members of the deposit insurance system. Federal 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 the aggregate per depositor.
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