Russian cbank revokes license from small Moscow bank - News Archive - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

Russian cbank revokes license from small Moscow bank

MOSCOW, Aug 17 (PRIME) -- RussiaТs central bank has revoked a banking license from Moscow Bill Bank, ranked 419th by assets as of July 1, the regulator said on Friday.

Moscow Bill Bank did not comply with federal laws regulating banking activities and the central bankТs legal acts and posed a real threat to interests of its creditors and depositors.

The bank held transactions aimed at hiding its real financial state and failed to properly estimate risks, which led to formation of a significant volume of dubious assets on its balances. The bankТs owners and managers did not take efficient measures to normalize its operations.

The bank is a member of the deposit insurance system, which means that each depositor may receive up to 1.4 million rubles in compensation. Payments to depositors will start no later than on August 31, the Deposit Insurance Agency (DIA) said.

(66.8932 rubles Ц U.S. $1)


17.08.2018 09:13
Share |
To report an error select text and press Ctrl+Enter
Central Bank Official Rate
1W 1M 1Y
EUR 75.5541 +0.0060 23 jan
USD 66.5499 +0.1865 23 jan
Stock Market Indices
1D 1W 1M 1Y
rtsi 1165.41 -0.49 13:44 22 jan
micex 2461.10 -0.29 13:44 22 jan
Stock Quotes in RUR
1D 1W 1M 1Y
gazp 157.75 -0.35 13:27 22 jan
lkoh 5194.50 -0.11 13:27 22 jan
rosn 415.45 -1.62 13:27 22 jan
sber 206.90 -0.13 13:27 22 jan
MICEX Ruble Trading
1D 1W 1M 1Y
EURTD 75.5775 +0.0675 13:23 22 jan
USDTD 66.5225 +0.2000 13:23 22 jan