The Bank Russia withdrew Feb. 5 licenses to conduct banking activities in the capital of the Bank and Millennium Bank Regnum. First, according to the newspaper “Vedomosti” business-related son of the Prosecutor General of Russia Igor Seagulls
The Bank of Russia revoked the license for banking operations in the two Moscow banks – Millennium Bank and the Bank of Regnum. On Friday, February 5, according to the regulator of the site.
to revoke the license decision was made due to non-performance by banks of federal laws regulating banking activities, as well as the regulations of the Central Bank regulations, the report said.
Millennium Bank with the poor quality of assets adequately assessed for credit risk. Proper assessment of credit risk at the request of the supervisory authority identified the loss of own funds (capital) of the bank, the Central Bank said. In addition, in connection with the loss of liquidity of the bank in a timely manner does not fulfill their obligations to creditors, and the managers and owners of the credit institution had failed to take effective measures to normalize its operations.
Regnum Bank conducted high-risk lending policies related to the placement of funds in low-quality assets. Risk assessment and fair reflection of the value of bank assets leads to a complete loss of his capital, said in a statement the regulator.
At the same time, the Central Bank notes Regnum Bank did not exercise supervisory authority demands the creation of necessary reserves for possible losses providing statements, reflecting its actual financial position and the grounds for revocation of the license to conduct banking operations. In addition, the bank has been involved in questionable conduct transit operations
Both banks -. Participants of the deposit insurance system. Withdrawal of the license is an insurance case, the law provides for the payment of insurance compensation to depositors of the bank in the amount of 100% of the balance of funds, but not more than 1.4 million rubles. in aggregate per depositor
According to Banki.ru, JSC “Commercial Bank” Millennium Bank. “- small in size Moscow bank assets (net assets as of February 1, amounted to 8.5 billion rubles). affiliated with the structures of JSC “Russian Railways” and its contractors. About 48% of its shares owned by RZD structures. The Bank is focused on service contracting agencies and contractors Railways and provides standard banking services to individuals and legal entities. The main source of funding are the funds of corporate clients. In the ranking of 278 Banki.ru takes place.
The first reports about problems in Bank Millennium came in mid-January, when customers complained about the delays in payments. February 1 bank is disconnected from the system of banking electronic payments.
In October, Millennium Bank mentioned in the investigation of the newspaper “Vedomosti”, dedicated to the business environment Russian Prosecutor General Yury Chaika. According to the newspaper, one associated with the son of the public prosecutor Igor Chaika companies – “BetElTrans” – owns 11.7% of the Bank Millennium
Net Assets LLC “Regnum Bank” as of February 1, amounted to 1.4 billion. rub. (572 th place in the ranking Banki.ru). This Capital Bank has expanded its business in early 2015 after a merger with the Regional Corporate Banking. The main activities – lending and servicing corporate accounts, and retail lending. The main sources of funding are the amounts due to customers and equity. Controlled by a group of individuals consisting of Turkish citizens.
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