Central Bank of Russia revoked the license of the bank “Admiralty” – BBC Russian

Bank of Russia revoked the license of a Moscow commercial bank “Admiralty”, the press service of the regulator.

According to the Central Bank, the Bank conducted high-risk lending policy and did not create reserves commensurate take the risk in case of financial losses. The bank participated in the questionable transit operations in large quantities, and are not provided to the controller within the acts of the Central Bank on combating money laundering and terrorist financing.

“In September 2015 the bank actually stopped servicing their customers. The management and owners of the credit institution have withdrawn from the management of the bank and did not take effective measures to normalize its activity “, – said the report of the Central Bank.

Central Bank has appointed a temporary administration of the bank, which will work as long as in accordance with the the law on bankruptcy of the bank are appointed bankruptcy trustee or liquidator.

“Admiralty” is a party to the deposit insurance system. According to the report, in terms of assets the bank at 1 September 2015 held the 274-th place in the banking system Rosii.

On Thursday, the bank “Admiralty” were searched in a criminal case of illegal banking activity. On the morning of the same day at the bank’s head office in Lopukhinsky Lane in Moscow began to gather customers, mostly – businessmen, concerned about the fate of their finances. The doors of the bank guard and police protection, and get inside the customers could not.