Russian central bank recalls license of small bank Accent - 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 central bank recalls license of small bank Accent

MOSCOW, May 18 (PRIME) -- The Russian central bank has revoked the license from bank Accent, ranked 465 by assets as of May 1, the authority said in a statement on Friday.

According to the central bank, Accent used an extremely risky business model, which produced a large volume of low quality assets on its balance. A due assessment of the credit risk on orders from the central bank revealed a significant capital loss, which forced the central bank to apply bankruptcy prevention measures.

Accent did not fulfill banking regulations, including the law on corruption and terrorism funding prevention, by failing to submit trustworthy information on operations subject to obligatory control to the central bank and to identify the beneficiaries of the clients.

The central bank took into notice the existence of a real threat to interests of the creditors and depositors.


18.05.2018 08:52
Share |
To report an error select text and press Ctrl+Enter
Central Bank Official Rate
1W 1M 1Y
EUR 75.5358 -1.2198 16 nov
USD 66.6159 -1.3816 16 nov
Stock Market Indices
1D 1W 1M 1Y
rtsi 1132.09 +1.33 18:33 15 nov
micex 2385.30 +0.28 18:33 15 nov
Stock Quotes in RUR
1D 1W 1M 1Y
gazp 154.71 +1.88 18:17 15 nov
lkoh 4877.50 +0.43 18:17 15 nov
rosn 424.60 -0.60 18:17 15 nov
sber 200.49 +0.65 18:17 15 nov
MICEX Ruble Trading
1D 1W 1M 1Y
EURTD 75.2000 -1.2400 14:59 15 nov
USDTD 66.6000 -0.4600 17:44 15 nov