Russian cbank revokes licenses from three regional banks
MOSCOW, Jan 23 (PRIME) -- Russia’s central bank has revoked banking licenses from Omsk-based Siberian Bank Sirius, ranked 527th by assets as of January 1, Barnaul-based Talmenka-bank, ranked 425th, and the republic of Adygeya-based bank Novatsiya, ranked 416th, the regulator said Monday.
Siberian Bank Sirius did not comply with federal laws on regulation of banking activity and the central bank’s regulatory acts. The bank placed money in low quality assets and failed to properly estimate the risks. It also failed to comply with regulatory acts for fighting money laundering and terrorism financing, while its managers did not take efficient measures to normalize its operations.
Talmenka-bank also did not comply with the central bank’s regulatory acts and completely lost shareholders’ equity after fulfilling the regulator’s instructions.
Maykop-based Novatsiya did not comply with federal laws on regulation of banking activity and posed a real threat to interests of creditors and depositors. The bank conducted a high risky lending policy connected with investing money in low quality assets. Due to a liquidity loss the bank failed to fulfill obligations to creditors on time.
Talmenka-bank and Novatsiya are members of the deposit insurance system, which means that each depositor may receive up to 1.4 million rubles in compensation. Siberian Bank Sirius is not a member of the system. Payments to depositors of Talmenka-bank and Novatsiya will start no later than on February 6, the Deposit Insurance Agency (DIA) said in a statement.
(59.6697 rubles – U.S. $1)
End