Sunday, January 15, 2017

The Central Bank revoked the license of the “Bulgar Bank” – Economy News

Print the Bank of Russia revoked the license for banking operations of the “Bulgar Bank” (Yaroslavl). By order of the Central Bank, the Bank appointed a temporary administration.

“the Credit institution does not fulfill the requirements of the Supervisory authority on the presentation to the Bank of Russia statements that present fairly the volume of obligations to physical persons, – stated in the message controller.

“in addition, due to the low quality of assets not generating sufficient cash flow, JSC “Bulgar Bank” did not timely fulfill obligations to creditors. Since the beginning of this year, the Bank virtually ceased to service their customers,” said the Central Bank.

By total assets “Bulgar Bank” on December 1, 2016 447 took place in the Russian banking system.

According to statements of the Bank for the III quarter of 2016, according to October 1, the funds of natural persons and individual entrepreneurs on accounts “Bulgar Bank” was 1,375892 bn, funds of legal entities – 215,394 million rubles, the total funds 1,591286 billion rubles.

“Bulgar Bank” is the participant of system of insurance of contributions. Revocation of license for banking operations is insured. The Agency on insurance of contributions (ASV) in accordance with the law through authorized banks will begin payments to depositors no later than January 30, 2017, Each investor, including an individual entrepreneur (SP), is entitled to receive promptly compensation insurance.

the Insurance indemnity is paid in the amount of 100% of the sum of all his accounts (deposits) in the Bank, including open for business, but not more than 1,4 million rubles in total. The amount not reimbursed by insurance, will be repaid during Bank liquidation in the claims of the senior creditors (accounts for IP, open for business, – in the third stage).

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