The Central Bank has revoked the licenses of 2 Metropolitan economic organizations. Under the punitive measures of the regulator hit the Time Bank and United Bank of industrial investments.
The CBR revoked the license of Moscow-based financial institutions. According to the official news of the regulator, the activity will not be able to continue the Time Bank and United Bank of industrial investments. Both the credit institution found in violation of laws.
The time Bank came under punitive action the regulator is the result of noncompliance with Federal laws regulating Bank activity, and statutory acts. The Central Bank caught the oraganizatsiya that she conducted high-risk lending policy and did not create adequate to the accepted risks of the reserves.
"Credit institution was involved in questionable conduct of transit operations for the withdrawal of funds abroad in large volume. Internal control rules in the field of combating the legalization of income derived from criminal activity and financing of terrorism the Bank did not meet the claims of Bank of Russia regulations. Heads and owners of the credit institution has not taken effective measures to normalize its activities", - says the Department of public relations of the regulator.
The second financial institution by the Central Bank caught on the fact that the Bank had foreign currency funds in low-quality assets and has not created adequate to the accepted risks of stocks. "In connection with inadequate quality of assets that are not generating the necessary foreign exchange flow, the credit institution did not provide timely fulfillment of promises to creditors. United Bank of industrial investments presented to the Supervisory authority significantly false statements, concealing the presence of the bases for a response of the license for banking operations", - said the Central Bank.
The disposal of the regulator to credit institutions designated short-term administration until the appointment of a bankruptcy Trustee or the announcement of a liquidator. At the same time, both banks included in the Deposit insurance scheme. Remember that the revocation of the license for implementation of banking operations considered an insured event in respect of the obligations of the Bank contributions of the population, in particular in accordance with legislation. Note that according to reliable information statements, on April 1, 2014 by total assets Time the Bank held 628-e and United Bank of industrial investments - 678-th place in the Russian banking system.