Two Moscow banks selected license

The Central Bank of Russia decided to withdraw the licences of 2 Metropolitan and 1st Dagestan Bank. The regulator has accused the credit organization's failure to comply with Russian legislation.

The CBR revoked qualification certificates 3 experts of the economic market. Under the punitive measures of the regulator got 2 capital 1 and Dagestan Bank. According to the official news of the Central Bank will no longer be able to perform economic activities such institutions as the Bank Prestigecasino", closed joint stock company "BWA Bank and the Bank-So All these organizations were deprived of their licenses as a result of violation of the legislation of the Russian Federation.

"The decision to use extreme measures the response of the license for implementation of banking operations is made by the Bank in connection with the compliance by credit institutions of the Federal law governing banking activities and also the regulations of the Bank of Russia and use within 1 year of the measures stipulated by the Federal law "On the Central Bank of the Russian Federation (Bank of Russia)", -the press service of the Central Bank.

Among other things, the regulator reports that the Dagestani Bank and Bank - T was found to decrease the amount of equity capital below the minimum Charter capital. "Prestigecasino" and the Bank - T conducted high-risk lending policies, also placed funds in low-quality assets, which has resulted in an absolute loss of own funds (capital) banks. In connection with the loss of liquidity of the credit institution does not guarantee the timely fulfillment of obligations to creditors," says the Central Bank.

Besides BWA Bank is accused of risky monetary frauds. "Rules of internal control of the Bank in the sphere of combating legalization (laundering) of income gained by criminal method, and the financing of terrorism did not meet the requirements of the Bank of Russia. With all this in the course of 2013 and 2014 credit organization was involved in the suspicious transactions related to capital flight abroad in large sizes. The management and owners of the Bank has not taken the necessary measures to normalize its business", -stressed in the public relations division of the regulator.

In addition, the public relations division of the regulator reported that the management of banks has not taken effective measures to normalize the activity of organizations and the recovery of the economic situation. "In the current circumstances the Bank of Russia on the basis of the notes of the Federal law "On banks and banking activity" has fulfilled the obligation to revoke the license to conduct banking operations," concluded the Bank of Russia.

sections: Economics, Region News, Region News, Accidents