The building of the Central Bank of Russia in Moscow
The Central Bank of Russia revoked the license of the capital’s International Bank for Finance and investment (MBFI), according to the regulator
. The reason for withdrawal of the Central Bank calls holding high-risk lending policy. According to the regulator, the bank does not “create adequate risk-taking of reserves for possible loan losses».
«In this case a credit institution has been involved in questionable conduct of transit operations. The management and owners of the credit institution had failed to take effective to normalize its operations measures “, – says in a statement the Bank of Russia
On April 27 MBFI appointed interim administration.. The powers of the executive bodies of the bank suspended.
According to the information on the website of a financial organization, MBFI engaged in lending to small and medium-sized businesses, as well as provides services for settlement and cash services for legal entities and foreign exchange control.
According to the portal Banki.ru, the bank held the 559th place in the ranking of credit institutions. As of April 2016 its assets amounted to 1,214,526,000 rubles.
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