DIA appointed term payments to depositors of banks, deprived of licenses on July 21 – RIA Novosti

MOSCOW, July 21 – RIA Novosti / Prime. payments to depositors of United Bank of Industrial Investments and “Time Bank”, which on Tuesday the Bank of Russia revoked the license to begin no later than August 4, said the Insurance Agency contributions (ASV).

“prompt receipt of applications for citizens and as quickly as possible to compensate them for deposits DIA intends to use the agent bank. In accordance with the decision of the Board of DIA, so the agent bank will be selected on a competitive basis, no later than August 4,” – said in the message.

CBR in its report noted that the United Bank of Industrial Investments deposited cash in low-quality assets, and did not create adequate risk acceptance provision. The Bank was represented by the supervisory authority untrue statements, hides the grounds for revocation of a license to conduct banking operations. In terms of assets, according to the Central Bank, held on July 1, 2015 378 th place in the Russian banking system.

“Time Bank” conducted high-risk lending policy and did not create adequate risk taking reserves for possible loan losses. This credit institution was involved in questionable conduct of transit operations for the withdrawal of funds abroad on a large scale. In terms of assets, according to the Central Bank, held on July 1, 2015 628 th place in the Russian banking system.