Central Bank revoked the license of the «RITZ Bank»

© RIA Novosti / Natalia to Seliverstova in fotobanka on the building of the Central Bank of Russia. Archival photoCentral Bank revoked the license of the «RITZ Bank»© RIA Novosti / Natalia to Seliverstova the image Bank

The Bank of Russia on may 29, withdrew the license for banking operations «the International commercial Bank of development, investment and technology (the Center)» («VILLAGE Bank», Petrozavodsk), is spoken in the message of the regulator.

«The decision of the Bank of Russia adopted in connection with default by the credit organisation of the Federal laws regulating Bank activity, and statutory acts of Bank of Russia, the value of all the adequacy of own funds (capital) below 2%, decrease in the size of own means (capital) below the minimum capital specified at the date of the state registration of the credit institution, inability to meet creditors’ requirements on monetary obligations, given the repeated application within one year of measures envisaged by the Federal law «on the Central Bank of the Russian Federation (Bank of Russia)», — stated in the message.

As the regulator, due to the occurrence of an acute shortage of liquidity, «the RITZ, the Bank» has lost its ability to perform its obligations to creditors and actually stopped customer service, in the actions of management and owners of credit institutions showed signs of dishonest behavior, expressed in the withdrawal of assets, with the result that the Bank lost capital.

The Bank of Russia also reported that he had repeatedly applied to the credit institution measures of Supervisory response, including restrictions on the exercise of individual operations, but the present management and owners of «the RITZ,» the Bank does not take effective and adequate measures to normalize its activities.

In the circumstances, the Central Bank of the Russian Federation has fulfilled the obligation to review a credit institution licensed to conduct banking operations, the Bank appointed a temporary administration.

By total assets, according to Central Bank data, the Bank on may 1, 2017 555 took place in the banking system of the Russian Federation.

Central Bank revoked the license of the «RITZ Bank»Reviews of licenses of banks of Russia